Notable NEWS to Watch: Youngevity International (NASDAQ:YGYI)

Youngevity International (NASDAQ:YGYI) spotted trading -67.94% off 52-week high price. On the other end, the stock has been noted 38.20% away from the low price over the last 52-weeks. The stock changed -1.33% to recent value of $5.21. The stock transacted 92932 shares during most recent day however it has an average volume of 86.68K shares. The company has 29.34M of outstanding shares and 13.97M shares were floated in the market.  

On Sept. 19, 2019, Youngevity International (NASDAQ:YGYI) a leading multi-channel lifestyle company,  released the pricing of its underwritten public offering of  290,000 shares of its 9.75% Series D Cumulative Redeemable Perpetual Preferred Stock  at a price to the public of $25.00 per share. The Company expects to receive gross proceeds of approximately $7,250,000 from the offering. The closing of the offering is expected to occur on or about September 24, 2019, subject to the satisfaction of customary closing conditions. The shares are expected to be traded on NASDAQ under the symbol YGYIP. The shares will not be convertible into or exchangeable for any of the company’s other securities.

The underwriters have been granted a 45-day option to purchase up to 43,500 additional shares of Series D Preferred Stock from the company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount.

The company intends to use the net proceeds from the offering for working capital and other general corporate purposes.

 Its earnings per share (EPS) expected to touch remained -100.70% for this year. YGYI has a gross margin of 52.60% and an operating margin of 1.90% while its profit margin remained 2.10% for the last 12 months. 

 According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 16.36% from the mean of 20 days, 9.29% from mean of 50 days SMA and performed -10.97% from mean of 200 days price. Company’s performance for the week was 9.68%, 14.25% for month and YTD performance remained -8.92%.

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