Why is Haoxi Health Technology Ltd (HAO) the Worst Advertising Stock to Buy According to Short Sellers? [Yahoo! Finance]
Haoxi Health Technology Limited (HAO)
Company Research
Source: Yahoo! Finance
Overview of the Global Advertising Sector Advertising agencies have profited from per capita disposable income, increasing consumer spending, and corporate profit in the past few years. Although advertising expenditure fell after the outbreak of the COVID-19 pandemic, industry revenue in 2020 rose with companies demanding creative services for their pandemic-focused promotional campaigns. Corporate profit bounced back after 2020, allowing agencies to monetize the exponential release of pent-up demand as companies and businesses scrambled to target a specific customer base: one with increasing disposable income. According to estimates from IBISWorld, industry-wide revenue in the advertising sector has been growing at a compound annual growth rate of 2.7% over the past five years. It is expected to reach $70.1 billion by 2024, increasing by 1.9%. Profit is also anticipated to grow by 6.6%. According to a report by Mordor Intelligence, the online advertising market is valued at $257
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HAO
News
- Haoxi Health Technology Limited Awarded a RMB30 Milllion Framework Contract to Provide Digital Advertising Services for Tengyuan Media Advertising Co., Ltd. [Yahoo! Finance]Yahoo! Finance
- Haoxi Health Technology Limited Awarded a RMB30 Milllion Framework Contract to Provide Digital Advertising Services for Tengyuan Media Advertising Co., Ltd.GlobeNewswire
- Haoxi Health Technology Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency [Yahoo! Finance]Yahoo! Finance
- Haoxi Health Technology Limited Receives Nasdaq Notification Letter Regarding Minimum Bid Price DeficiencyGlobeNewswire
- Haoxi Health Technology Limited Reports Financial Results for Fiscal Year Ended June 30, 2024GlobeNewswire
HAO
Sec Filings
- 12/19/24 - Form 6-K
- 11/27/24 - Form 6-K
- 11/6/24 - Form 6-K
- HAO's page on the SEC website