Company Overview - Majestic Ideal (MJID) is a one-stop clothing supply chain management (SCM) service provider that recently launched its IPO in the United States [1] IPO Performance - The opening price on the first day of trading was $5.39, which is below the IPO issuance price of $6 per ADS [1] - The stock reached a high of $5.40 and a low of $4.41 during the trading day [2] - The closing price was reported at $4.41, reflecting a decline of 26.50% from the previous day's close of $6.00 [2] Trading Statistics - Total trading volume for the day was approximately 363,000 shares, with a turnover rate of 1.78% [2] - The stock exhibited a price fluctuation of 16.50% throughout the trading session [2] - The market capitalization of Majestic Ideal is approximately $90.45 million [2] Financial Metrics - The company reported a negative earnings per share (EPS) of -$0.01 and a negative book value per share of -$0.06 [2] - The price-to-earnings (P/E) ratio is currently not applicable due to losses, and the price-to-book (P/B) ratio stands at -90.28 [2]