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Fitell Corporation ( (FTEL) ) just unveiled an announcement.
On September 4, 2025, Fitell Corporation’s Board of Directors approved a 1-for-16 share consolidation of its ordinary shares, effective September 23, 2025, to meet Nasdaq’s minimum bid price requirement. This move, approved by shareholders in April 2025, will see the company’s shares continue trading under the symbol ‘FTEL’ with a new CUSIP number. The consolidation ensures compliance with Nasdaq listing standards and impacts the company’s equity structure, with no fractional shares issued and adjustments made to outstanding warrants and equity rights.
Spark’s Take on FTEL Stock
According to Spark, TipRanks’ AI Analyst, FTEL is a Neutral.
Fitell Corporation’s stock is currently rated low due to significant financial performance challenges, including declining revenues and profitability, negative returns, and cash flow issues. Technical analysis indicates a strong bearish trend with oversold conditions, while valuation metrics show a negative P/E ratio, suggesting poor earnings potential. These factors contribute to an overall unfavorable investment outlook.
To see Spark’s full report on FTEL stock, click here.
More about Fitell Corporation
Fitell Corporation, through its wholly owned subsidiary GD Wellness Pty Ltd, is an online retailer of gym and fitness equipment in Australia. The company offers products under proprietary brands such as Muscle Motion, Rapid Motion, and FleetX, and aims to provide a comprehensive fitness and wellness experience powered by technology.
Average Trading Volume: 315,560
Technical Sentiment Signal: Sell
Learn more about FTEL stock on TipRanks’ Stock Analysis page.