Humbl HMBL poised for another early year run?
Humbl HMBL last year at this time went on a 1,000% explosive run, is it poised for another early year run? Let’s take a closer look at this
Company Name: HUMBL, Inc
Ticker: (HMBL)
Exchange: OTC
Website: https://www.humblpay.com/investors
Humbl HMBL Company Summary:
Monster Creative a subsidiary
Founded by award-winning industry veterans Doug Brandt and Kevin Childress, Monster Creative is a creative advertising agency with a focus on entertainment. They have created campaigns for top-grossing Hollywood movies, as well as those for streaming platforms.
About HUMBL, Inc.
HUMBL is a consumer blockchain company working to simplify blockchain use cases in areas such as mobile payments, ticketing, NFTs and real estate.
Why did Humbl HMBL Company Summary: reverse the bearish trend?
There is not any news of late in regards to HUMBL, below you will find the latest release. This stock has a large investor base and I believe this base cumulative believes the stock is undervalued here and that brought about the reversal.
Dec. 21, 2021 Monster Creative, a HUMBL, Inc. (OTCMKT: HMBL) company, announced today that it has won two awards at the 2021 Clio Awards, as well as one nomination.
Since 1959, The Clio Awards program has recognized innovation and excellence in advertising, design, and communications.
HMBL 1 Year Chart
HUMBL, HMBL, Technical Analysis
HUMBL had it’s first resistance point at $.25 and exploded past it on the last day of the 2021. Possibly, setting up an explosive run in 2022! The next resistance point was at $.28 and it also limped past that PPS on Friday.
I like this stock! I love the stock if it can beat $.30. It is the ultimate bounce play with two reversals, double confirmation, in an explosive sector. The NFT, crypto currency, sector is going to be hotter than a summer day in July. Put it on your watchlist today!
Why HUMBL Inc (HMBL) Stock Keep On Falling Since February?
At the turn of the year, HUMBL Inc (OTCMKTS:HMBL) was one of the most popular penny stocks in the market and recorded enormous gains on the back of heavy interest from investors.
However, the stock has given up as much as 22% of its gains over the course of the past month and has now gone below the psychologically important level of $1 a share. In this situation, it is perhaps important for investors to figure out if it might be an opportunity to get into the HUMBL stock. Earlier in the month, it was announced that the Chief Executive Officer of the company Brian Foote decided to retire as many as 9350 Series B preferred shares in HUMBL that he owned.
It was a significant move considering the fact that those shares are equal to as many as 93,500,000 shares of the HUMBL common stock. A reduction in the number of shares can sometimes lead to a spike in the share price and hence, it is a development that might have a long-term effect on the HUMBL stock one way or another.
The total value of the shares when the request was sent in by Foote stood at $100,000,000. In this context, it is also necessary for investors to keep in mind that it was not the first time that Foote decided to go for such a move. Back in November last year, he had retired as many as 551,669,335 pre-split shares of the HUMBL common stock from the float.
HUMBL Inc (HMBL) Stock Finds $1 Support And Moving Higher: A Bullish Sign?
Earlier this year, the HUMBL Inc (OTCMKTS:HMBL) stock emerged as one of the major gainers from among penny stocks this year. In recent times, the HUMBL stock has made much steadier progress but yesterday it was back in action and jumped by as much as 9.5% after the company made a major announcement.
The company revealed yesterday that Brian Foote, its Chief Executive Officer, decided to retire as many as 9350 shares of the company’s Series B Preferred stock that is owned by him. However, it is perhaps more important for investors to keep in mind that those shares are equivalent to as many as 93,500,000 shares of the company’s common stock.
Considering the reduction of the number of common stocks to such a degree, it came as no surprise that the HUMBL stock experienced a surge yesterday. At the time the request was submitted by the company, the market value of those shares stood at $100,000,000.
However, in this regard, it is perhaps also necessary for investors to keep in mind that the HUMBL CEO had earlier retired as many as 551,669,335 pre-split common shares in the company. Those shares had actually come from the share float as in November last year. On the other hand, any prospective investor needs to note that in recent months HUMBL has come into considerable focus due to the growth of its mobile payments business. The service has gained considerable traction on an international scale over the past months.
HUMBL (HMBL) Stock Trades in a Narrow Range: Where Will it Go?
Earlier in the year, the HUMBL Inc (OTCMKTS:HMBL) stock had been one of the biggest gainers from among penny stocks but things have been quite different in recent months.
This past Friday, the stock jumped by 5% and that took its correction from its recent peak to as much as 25%. While that is true, it is also necessary for investors to remember that since hitting its low in May, the HUMBL stock has recovered strongly and gone up by 50%. There was no news about the stock on Friday that might have actually led to the decline but it might be a good time to look at some recent developments.
Earlier on this month, HUMBL announced that it had acquired well-known South America focussed ticketing platform Tickeri Inc. The acquisition was made in a deal worth as much as $20 million and it was facilitated through a combination of debts and stock. It is a significant development for HUMBL considering the fact that it will now be able to integrate its own services like mobile payments and peer to peer remittance services to the Tickeri platform.
That will help the company in expanding its services to a new market altogether. However, HUMBL is also planning to expand Tickeri internationally.
This month the company had also announced that it hired the services of Athletes First in the form of a strategic consultant. Athletes First is going to help HUMBL in relation to its various new business verticals including the one involving NFTs or non-fungible tokens.
HUMBL (HMBL) Stock Retreats From The Peak: What’s The Buzz?
Earlier in the year, HUMBL Inc (OTCMKTS:HMBL) had emerged as one of the more popular companies for those who were interested in penny stocks. The stock delivered strongly as well.
However, in recent weeks, the situation has been a bit different for the HUMBL stock. Last month the stock had actually hit a new log but eventually, it managed to bounce back and rally by as much as 100%. However, last week the HUMBL stock had another disappointing run and ended the week with declines of 15%. There was no specific news about the company last week but it might be worthwhile to take a look at some of the important developments.
Earlier in the month the company announced that it had completed the acquisition of the Latin America-based ticketing platform Tickeri Inc. HUMBL completed the acquisition in a deal that was worth $20 million and it was facilitated in the form of both debts as well as stock. It gives HUMBL a gateway into providing Latin American customers with mobile pay services and peer-to-peer remittance services in addition to ticketing. The company will add its services to the Tickeri platform and eventually there are plans to look for international expansion.
While the acquisition of Tickeri is an important development for the company, it should be noted that HUMBL has been working on a range of fronts in recent times. Last month the company announced a move into the non-fungible token (NFT) space as well and that had created a fair amount of buzz as well.
The NFT space has grown at a breakneck pace in recent times and hence, HUMBL’s move to come up with an NFT gallery could also be seen as an important one. The NFTs are meant for creators by way of which they can protect their interests. It remains to be seen if the stock can recover this week.
Is HUMBL (HMBL) Stock All Set To Rebound After The Recent Panic?
Up until a few months ago, the HUMBL Inc (OTCMKTS:HMBL) stock was one of the biggest gainers from among penny stocks and had been on the radars of most investors who are interested in penny stock investment.
However, things have not been the same in recent times and it is in this sort of situation in which investors could consider taking a closer look at the HUMBL stock. Last week, there had been no news about the company at all on May 12 but even then the stock suffered from a selloff and the stock tanked by 12%.
The stock has declined sharply and given up as much as 86% since hitting its highest level in 52 weeks. However, despite the decline, it is important to point out that the HUMBL stock is still up by 70% in 2021 so far. The company is engaged in the fast growing digital payments space and is primarily involved in creating mobile apps for the same. In December last year, the company went public by way of a merger with Tesoro Enterprises. Since the merger, the stock had gone on a remarkable rally and emerged as one of the biggest gainers in the market.
The massive rally during that period is possibly the reason why it is falling now. Over the course of the past month, the stock has declined by 66% and by 83% during the past three months. Experts believe that the original rally in the stock earlier on this year had been speculative in nature and the changing trends in the market have resulted in a selloff in HUMBL. It is important to point out that in recent weeks, investors have been winding down their positions in speculative stocks and also in their investments in companies that are dependent on high growth. HUMBL fulfils both those conditions.
Humbl (HMBL) Stock Moves Towards $1: Should You Hold Or Sell?
At the beginning of the year, the HUMBL Inc HUMBL Inc (OTCMKTS:HMBL) stock was among the most popular penny stocks in the market and clocked massive gains as more and more investors piled on to it in a big way. However, things have not been as great after HUMBL hit its 52-week high.
Since then, the stock has declined by as much as 85% and on Monday, the downward spiral continued as the stock tanked by 20%. There was no news about the company on Monday but it might be worthwhile for investors to take a look at a major development from last Friday.
Key Things To Note
On May 7, the company announced that it signed a binding term sheet with regards to the acquisition of Monster Creative LLC. It was a significant announcement from the company and must have caught the attention of investors as well.
It should be noted that Monster Creative is involved in producing creating advertising for the entertainment industry and has gone on to become one of the better known operators in that space. The company had been founded by two veterans of the advertising industry, Kevin Childress and Doug Brandt.
As per the terms of the agreement between HUMBL and Monster Creative, the latter is going to operate its Hollywood studios as an independent business. However, the company is going to collaborate with HUMBL when it comes to the creation of multimedia NFTs (non fungible tokens). In recent times, NFTs have become extremely popular in the creative industries and hence, it might prove to be a sound move from HUMBL in the long run.
On the other hand, Monster Creative is also going to help HUMBL with regards the creation of ticketing experiences for a range of events starting from those in sports and gaming to music and fashion. Despite the decline recorded by the stock in recent days, it might still be worthwhile to keep an eye on the HUMBL stock.