The stock has been channeling in the 5-5.25 area for a while and has kept it's slow trajectory upward. Price movement suggest accumulation before expansion; a BB study will show that they are contracting tighter and tighter.
There was a recent offering closed and completed, priced at $6/share. Recent large scale orders showing positive money flow has been observed, with the price stable with relatively low volume. Short interest as of March 15 was 142,761 with the average daily share volume of 3,473,798. That's an increase of 614% over the previous month of February. The float is 5,620,000,
What does this mean?
It means any good news will send this low float monster on a rocket ship to the Tendytown. On it's own, the stock is seriously undervalued. It should be trading for at least 7-8 a share purely on valuation (major digital payment partner based in California, I suspect SQ).
Blockchain fintech will also move higher with BTC, and is rumored to be working on NFT news. Excellent buy in opportunity at the accumulation times.
There was a recent offering closed and completed, priced at $6/share. Recent large scale orders showing positive money flow has been observed, with the price stable with relatively low volume. Short interest as of March 15 was 142,761 with the average daily share volume of 3,473,798. That's an increase of 614% over the previous month of February. The float is 5,620,000,
What does this mean?
It means any good news will send this low float monster on a rocket ship to the Tendytown. On it's own, the stock is seriously undervalued. It should be trading for at least 7-8 a share purely on valuation (major digital payment partner based in California, I suspect SQ).
Blockchain fintech will also move higher with BTC, and is rumored to be working on NFT news. Excellent buy in opportunity at the accumulation times.