Zomedica Corp (ZOM) Stock Continues to Underperform: Here is Why
Over the past months, Zomedica Corp (NYSEAMERICAN:ZOM) has seen its stock go on a bit of a rollercoaster ride and investors might be wondering if it might be worth backing the stock. The company launched its Truforma diagnostic platform for animals earlier this year but despite that, the stock has been stuck in a phase of stagnation.
That being said, experts believe that its diagnostic does in fact have the potential of being a revenue-generating product. However, investors who have jumped into the stock at this point are possibly convinced that Truforma is going to turn into a commercial success. Whether the product can become a commercial success or not is still up for debate since at the end of the day there are several factors at play.
One of the things that investors need to remember is that the company has made some structural changes in its sales strategy when it comes to Truforma. As a matter of fact, the Zomedica management has admitted that the ‘adoption curve’ of the product might get delayed as a result of those changes. In other words, the company believes that the adoption of Truforma might take longer than expected.
That is something that is a potential red flag for many investors considering the fact that the success of Truforma is going to determine the fortunes of its stock. The move to a direct sales approach is yet to bear fruit in any meaningful way and hence, investors might consider sitting on the sidelines for a bit longer when it comes to the Zomedica stock.
Life Clips Inc (LCLP) Stock Goes Parabolic: What’s The Buzz?
More and more companies are realizing that the growth of the cryptocurrency sector is probably going to continue in the long term and hence, many are now deciding to get into the sector in a big way.
The latest company to enter the sector is Life Clips Inc (OTCMKTS:LCLP). On Wednesday, the company announced that it reached an agreement regarding the acquisition of the multinational blockchain technology company Belfrics Group. The announcement came as a source of considerable excitement for investors and the Life Clips stock soared by as much as 1800% yesterday following the announcement. Belfrics deploys its proprietary platform for running cryptocurrency exchanges in different parts of the world. At this point in time, the company’s operations are spread across Tanzania, Bahrain, Singapore, Malaysia, Nigeria, and India.
It is clear to see that the completion of this particular acquisition is expected to make Life Clips a major player in the cryptocurrency space in the blink of an eye. More important, Belfrics Group has also demonstrated the capability of processing a large number of transactions on its platform. At this point, the platform can help in processing as many as 1 million crypto transactions per second. Such a scale of operations suggests that Life Clips will be able to operate a considerably large crypto operation when the acquisition eventually goes through. It is now going to be interesting to see if investors decide to take some of their profits today or if the Life Clips stock continues to soar.
Red Cat Holdings Inc (RCAT) Stock Sees Price-Volume Breakout: Time To Buy?
Drone technology companies have come into focus among many investors in recent times and it is easy to see why. The drone industry is expected to grow quite rapidly in the coming years and hence, many investors are now looking into a range of companies that are involved in the sector.
One of the companies that could be work looking into is the drone technology solutions provider Red Cat Holdings Inc (NASDAQ:RCAT). Yesterday, the Red Cat stock was in sharp focus among investors after the company announced that it reached an agreement with regards to the acquisition of the automated aerial vehicle technology company Teal Drones.
It could prove to be a major acquisition for the company and hence, it was no surprise that the stock rallied by as much as 605 yesterday on the back of considerable interest. The financial details of the deal were not disclosed by either party; however, it did emerge that the entire deal has been conducted in stock.
Now that Teal Drones has been added to Red Cat’s portfolio, the company is now going to have a wider range of offerings for its clients in the United States and Canada. Jeff Thompson, who is the Chief Executive Officer of Red Cat, stated that this acquisition is going to help the company in easily moving into the government and enterprise sector. Teal Drones already has deals in place with the Department of Defense and that could prove to be a major positive for Red Cat in the long run.
Asia Broadband Inc (OTCMKTS:AABB) Stock Continues to See Profit Booking: What’s Ahead?
The reduction in the number of outstanding shares can result in the stock of a company going one way or another but unfortunately for Asia Broadband Inc (OTCMKTS:AABB), it had a negative effect on its stock.
Yesterday, the company announced that its board of directors and the higher management concluded the retirement of as many as 120 million restricted common shares. The shares were retired to the treasury. It is a significant development for the company, considering the fact that Asia Broadband retired 13 million extra outstanding shares in the company than had been announced previously in May this year. However, in this regard, it is perhaps important to point out that the company expects to retire more shares in the future.
It is a part of Asia Broadband’s initiative to unlock more value for its shareholders. When the number of outstanding shares gets lower then it usually leads to a spike since the shares become rarer. However, the company’s actual shareholders were not particularly thrilled with this move from Asia Broadband, and the stock actually tanked by as much as 10% yesterday.
It is not going to be interesting to see if the stock can actually make a recovery over the coming days. Asia Broadband also noted that later on this week it is going to be able to provide an update with regards to the progress that has been made in the development of its cryptocurrency exchange project. It is one of the more ambitious projects at Asia Broadband at this point.
Net Savings Link Inc (NSAV) Stock Gets Special Attention: But Why?
In recent times there has been considerable focus on companies that are involved in the cryptocurrency sector and one of the companies that could be worth tracking by investors at this point in time is the Net Savings Link Inc (OTCMKTS:NSAV) stock.
Yesterday, the digital asset technology, cryptocurrency, and blockchain firm was in considerable focus among investors and saw its stock soar by as much as 56% following a key announcement. The company revealed yesterday that its much-anticipated cryptocurrency exchange is going to be launched on August 9, 2021. Net Savings also noted that the project is progressing well and further information is going to be provided on a week-to-week basis. It is a major project for the company and the news has naturally led to excitement among investors.
More importantly, Net Savings has also set up a countdown timer on its website so that its investors and the general public are aware of the exact span of time that is left until the cryptocurrency exchange is launched officially. You can have a look at the countdown timer here https://nsavholdinginc.com/ .
The company boasts of a management team that has considerable experience in building products meant for the blockchain and digital asset space. Hence, it is likely that market watchers are going to be following the developments quite keenly. In the meantime, investors could do well to keep an eye on the Net Savings stock. It is likely that the stock is going to be in focus today.
Is SGOCO Group (NASDAQ:SGOC) Stock Due For Pull Back After The Monster Rally?
In recent times, stocks that are targeted by retail investors from Reddit almost always garner a lot of attention and that is primarily due to the considerable short-term gains that are generated. One of the stocks to have become the target of those investors recently is the SGOCO Group (NASDAQ:SGOC) stock.
Yesterday, the stock emerged as one of the major gainers due to the actions of investors from Reddit and clocked gains of as much as 196% in the morning. Retail investors got into the stock in a big way yesterday and it is likely the Hong Kong-based company is going to come into considerable focus among many investors this morning. The rally in the stock had actually started last Friday when the stock soared by 500% despite there being no news.
The rally on Friday brought the SGOCO stock onto the radars of retail investors who are active on platforms like Twitter, Reddit, Discord, and StockTwits and now have the power of moving stock prices considerably. Earlier on in the year, these traders had been responsible for the massive gains generated by such unheralded and beaten-down stocks as AMC Entertainment Holdings and GameStop among others.
It should be noted that at this point it is unclear why the SGOCO stock surged last Friday but it is quite apparent that demand from retail investors has been the main driver of the stock. It is going to be interesting to see if the stock can continue to add to its gains in the coming days.
CytoDyn Inc (CYDY) Stock Unable To Sustain At Higher Level: Here is Why
After having gone through a pretty rough week, the CytoDyn Inc (OTCMKTS:CYDY) stock managed to make a bit of a recovery on Friday. Last Friday, the stock went up by 7%, however, that was not enough to save the CytoDyn stock from recording a 10% loss for the week.
This morning investors might be interested in the fortunes of the CytoDyn stock and hence, it might be a good move to track it. There was no much news about the company last week but in this context, it might be a good move to take a look at development from earlier on this month. This relates to the five-day proceedings that took place between ProstaGen and CytoDyn, which was related to 3.1 million CytoDyn shares that were held in escrow for some indemnities.
However, in relation to this situation, it was announced earlier in the month that a direct financial obligation had been created that is going to stay off the CytoDyn balance sheet.
Back on June 21, the company had also made a key announcement with regards to its product leronlimab, which has the potential of treating multiple conditions. CytoDyn revealed the preliminary results after it managed to unblind the necessary data from the clinical trial related to the treatment of COVID 19 patients. During the course of the trial, the efficacy and safety of the product were being ascertained. The publication of these results proved to be another considerable boost to the company.
Why Is Good Gaming Inc (GMER) Stock Making So Buzz Over The Past Month?
Approval for a stock uplisting can come as a major boost for most stocks and that is what seemed to have happened with the Good Gaming Inc (OTCMKTS:GMER) stock last week. Back on July 7, the Chief Executive Officer of the company David B. Dorwart announced that the OTC Markets approved the uplisting of the Good Gaming stock to the OTCQB from pink sheet current.
That is a significant development for the company and its stock; hence it came as no surprise that investors piled on to the stock in a big way last week. On Friday, the stock shot up by 56% and ended the week with gains of 200%. In light of such enormous gains, it could be a good idea for investors to keep the stock on their watch lists this week.
An uplisting from pink sheet current to OTCQB is an important one for any company. Companies that are listed OTCQB are in the middle tier of stocks in the over-the-counter markets and are subject to must tougher minimum reporting standards. In addition to that, those companies need to go through annual verifications and undergo a bid test.
Hence, it is easy to see why investors might have more confidence in getting into these stocks when it comes to over-the-counter shares. The CEO stated that since the company is currently looking to get as transparent as possible, the board of directors decided that an uplisting was in the best interests of the company.