Kaival Brands Innovations Group's Stock Price Drops 24.5%

Business by 2FIRSTS.ai
Dec.15.2023
Kaival Brands Innovations Group's Stock Price Drops 24.5%
Kaival Brands Innovations Group, Inc.'s stock price fell 24.5% in Tuesday's trading, hitting a low of $0.18. Trading volume increased by 2905%.

According to a report by Zolmax on December 13th, the stock price of American tobacco products distributor Kaival Brands Innovations Group, Inc. declined by 24.5% in Tuesday's (December 12th) trading.

 

The stock reached a low of $0.18 and closed at the same price in trading. During midday trading, the stock saw a trading volume of 5,789,549 shares, a significant increase of 2,905% from the average daily trading volume of 192,695 shares. The stock had closed at $0.25 in the previous trading session.

 

The company's 50-day moving average price is $0.29, while its 200-day moving average price is $0.51.

 

The last time Kewell Brand Innovation Group released quarterly performance data was on September 19th. The earnings per share for this quarter's report were -$0.03, exceeding analysts' expectations of -$0.05 per share by $0.02. The company's total revenue for the quarter was $3.58 million.

 

Kewar Brand Innovation Group distributes electronic nicotine delivery systems (e-cigarette products) and related components in the United States. The company offers disposable e-cigarettes such as the Bidi Stick, which come in various flavors for consumers to choose from. Additionally, they provide Bidi Pouch, a tobacco-free nicotine formulation containing natural fibers and chewable fillings, available in six distinct flavors.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Vietnam’s Health Ministry consults on tobacco-control law amendments, proposing an e-cigarette ban
Vietnam’s Health Ministry consults on tobacco-control law amendments, proposing an e-cigarette ban
VTV.vn reports that Vietnam’s Ministry of Health is collecting feedback on a draft amendment to the Law on Prevention and Control of Tobacco Harms, proposing an e-cigarette ban and broader public health protections.
Jan.13 by 2FIRSTS.ai
British American Tobacco to Cut 51 Jobs at Belgian Factory amid Tougher Regulations and Tax Hikes
British American Tobacco to Cut 51 Jobs at Belgian Factory amid Tougher Regulations and Tax Hikes
British American Tobacco plans to cut 51 jobs at its Belgium Groot-Bijgaarden factory due to stricter tobacco regulations.
Jan.15 by 2FIRSTS.ai
Product | OXVA launches Artio 2 liquid-tobacco pod device, positioned as distinct from HNB and traditional flavored e-cigarettes
Product | OXVA launches Artio 2 liquid-tobacco pod device, positioned as distinct from HNB and traditional flavored e-cigarettes
OXVA has released its Artio 2 pod device featuring the Liquid Tobacco Intelligent (LTI) platform. It offers around 400 puffs per charge, pods equivalent to about 35 cigarettes, five tobacco and shisha flavors, and a 900mAh battery with 30-minute fast charging. The company positions the device as distinct from HNB and traditional flavored e-cigarettes.
Nov.27 by 2FIRSTS.ai
Charlie’s Holdings Signs Licensing Agreement with IKE Tech to Commercialize Age-Gated Vape Technology in the U.S.
Charlie’s Holdings Signs Licensing Agreement with IKE Tech to Commercialize Age-Gated Vape Technology in the U.S.
Charlie’s Holdings has signed a licensing agreement with IKE Tech to commercialize an age-gated vape activation system in the U.S. The technology combines biometric authentication, BLE hardware, and a mobile app for continuous device-level age verification. The company plans to test-market the system with SBX nicotine analogue products this spring and may later apply it to PACHA-branded ENDS.
News
Jan.06
Vietnam Drafts Administrative Penalties for E-Cigarette Use, Setting Fines up to USD 380
Vietnam Drafts Administrative Penalties for E-Cigarette Use, Setting Fines up to USD 380
Vietnam plans to formalise penalties for e-cigarette and heated tobacco use under a draft decree. Individual users could be fined VND 3–5 million (USD 114–190), while premises allowing use face fines up to VND 10 million (USD 380). Higher penalties apply to business violations.
Dec.25 by 2FIRSTS.ai
Nicoventures Granted Rehearing After Philip Morris Challenge Rejected
Nicoventures Granted Rehearing After Philip Morris Challenge Rejected
Nicoventures Trading Ltd., a subsidiary of British American Tobacco (BAT), has won an appeal at the European Patent Office (EPO), convincing the appellate board that examiners had violated its right to be heard by failing to review all of its submissions.
Dec.09 by 2FIRSTS.ai