FTEL icon

Fitell Corp

2.69 USD
-3.59
57.17%
At close Feb 7, 4:00 PM EST
Pre-market
2.80
+0.11
4.09%
1 day
-57.17%
5 days
-71.98%
1 month
-69.81%
3 months
-90.23%
6 months
-80.80%
Year to date
-72.12%
1 year
-22.25%
5 years
-46.73%
10 years
-46.73%
 

About: Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains. The company earns maximum of revenue for retail.

Employees: 15

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0.22% less ownership

Funds ownership: 0.42% [Q2] → 0.2% (-0.22%) [Q3]

50% less funds holding

Funds holding: 6 [Q2] → 3 (-3) [Q3]

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

74% less capital invested

Capital invested by funds: $1.42M [Q2] → $370K (-$1.05M) [Q3]

Research analyst outlook

We haven’t received any recent analyst ratings for FTEL.

Financial journalist opinion

Neutral
GlobeNewsWire
2 days ago
Fitell Corporation Announces $10.0 Million Registered Direct Offering
TAREN POINT, Australia, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced that it has entered into a definitive agreement with an institutional investor for the issuance and sale in a registered direct offering of an aggregate of 1,992,032 ordinary shares and warrants to purchase up to 1,992,032 ordinary shares, at a purchase price of $5.02 per ordinary share and associated warrant. The warrants will have an exercise price of $5.02 per share, will be exercisable immediately upon issuance and will expire five years following the issaunce date. The offering is expected to close on or about February 10, 2025, subject to the satisfaction of customary closing conditions.
Fitell Corporation Announces $10.0 Million Registered Direct Offering
Positive
Schwab Network
7 months ago
Stock Ideas Amid Investor Optimism
The latest Investopedia survey shows that investors' optimism is rising. Readers are as optimistic about the stock market as they've been in the past 12 months, notes Caleb Silver.
Neutral
GlobeNewsWire
11 months ago
Fitell Corporation Announces First Half-Year Financial Results
TAREN POINT, Australia, March 05, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023.
Fitell Corporation Announces First Half-Year Financial Results
Neutral
GlobeNewsWire
1 year ago
Fitell Corporation Announces Private Placement of US$3.6 Million of Senior Unsecured Convertible Notes
TAREN POINT, Australia, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, announced that the Company entered into a securities purchase agreement (the “Purchase Agreement”) with an investor on January 15, 2024. Pursuant to the Purchase Agreement filed with the Securities Exchange Commission on Form 6-K, the Company issued to the investor a three-year senior unsecured convertible promissory note in the principal amount of US$3,600,000 for the funding amount of US$3,312,000. This placement is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
Fitell Corporation Announces Private Placement of US$3.6 Million of Senior Unsecured Convertible Notes
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