Nowadays social media is more than an Internet platform, it has become a way of life. A way for people to connect with others globally, and a way to stay up to date on all current events happening in the world. When one thinks social media the first thing to come to mind are the big platforms such as Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). Both companies are also publicly traded on the NASDAQ and the NYSE. The Information Technology Sector is up 5.20% over 3 months and 10.29% YTD, 76 companies are rated as outperforming needless to say the Information Technology sector is bullish and in my opinion I don’t think it’s slowing down anytime soon…
As traders we are always looking for the next big thing, scanning and researching different companies through fundamental and technical analysis but the risk is greater when talking about small cap companies. While searching for the next Facebook I came across a company called MOKO Social Media LTD (NASDAQ:MOKO). It is currently trading on the NASDAQ at $4.95 with a Market Cap under $80Mill. This might seem like a high priced stock when in comparison to it’s market cap but this undervalued, and relatively undiscovered company is looking to give the Goliath’s like FB and TWTR a run for their money through product variation, and making each social media platform designed for what the consumer desires, For example;
1) REC*IT is Moko’s platform for intramural sports and fitness, whose centralized resources are the ACISF and IMLeagues. Information such as team schedules, rosters, and standings already exist. The colleges interface with Moko to provide that content. Students can communicate with each other. According to MOKO, REC*IT has 140,000 unique monthly users since launching in September.
2) Speakisy- A mobile application for college students in the US that will combine features and functionality similar to platforms like Twitter, Instagram and Facebook and will only be accessible with a university-specific .edu email address.
3) BlueNationReview (BNR)- A platform for interests in progressive politics. BNR has roughly 3.2 million monthly visitors.
4) Voycit- is a similar platform, which launches shortly. Voycit acts as a centralized source for those issues. Political campaigns that can’t attract attention to an issue through other platforms can use Voycit.
5.) Runhaven and RaceAdvizor- for running enthusiasts interested in aggregated running news, training information, and diet.
6.) Tagroom- A headlining viral video and “news of the day” aggregator. Tagroom has about 500,000 users. Advertisers include Red Bull, Corona Extra, Bulleit Bourbon and Canon.
Co-Founder and CEO Ian Rodwell states, “Bespoke for any given community we target. We customize a social media platform for a specific audience. It is more directly suited to that particular audience than any other platform.”
The risk with trading small cap companies is high but if successful the reward is even greater. For those who are content with investing in long-term positions and hoping for 5-10% gains this company is not for you. MOKO is for an investor looking to multiply their investment; those looking for a homerun and MOKO have that potential to be that David Vs. Goliath story in our opinion.
About MOKO Social Media LTD:
Moko Social Media Limited, together with its subsidiaries, engages in the digital publishing of mobile applications for youth and young adult customers. The company operates through Mobile Social, Mobile Advertising, and Mobile Commerce segments. The company provides proprietary mobile social networks and community/chat products, as well as owns proprietary mobile performance ad network for various industry sectors, such as Mobile Games, Mobile Apps, and Financial Services. It also provides digital publishing services that enable advertisers to place their ads on its properties; and mobile community development services. In addition, the company operates an e-commerce platform, which offers online and flash sales of products, as well as sells merchant products to customers. It operates in Australia, the United States, Europe, and Asia. The company was formerly known as MOKO.mobi Limited and changed its name to Moko Social Media Limited in September 2013. Moko Social Media Limited is based in Highgate, Australia.
CytoDyn Inc (OTCMKTS:CYDY) Regains Momentum After The Big Announcement
Now that the market seems to be coming back into his elements, it could be time for investors to start looking into penny stocks more closely. These stocks may often be risky, but if one makes the right choice, then the rewards could be enormous. One penny stock that could be put into the watch list at this point in time is that of CytoDyn Inc (OTCMKTS:CYDY).
The late-stage biotechnology company, which is developing the coronavirus medicine leronlimab, announced last week that it had filed a comprehensive application for uplisting on NASDAQ. The company announced that it believes that its application satisfies the myriad listing requirements of the NASDAQ Capital Market.
The Chief Executive Officer and President of the company Nader Pourhassan stated that while it is true that the entire process is expected to take many weeks, CytoDyn is hopeful of success in this matter.
He went on to state that a listing on NASDAQ will not only provide shareholders with more liquidity but also give CytoDyn much bigger access to fresh capital. It is a significant development for the company, and the market participants realized it as well. After the announcement was made, the stock rallied by as much as 50%. Investors could do well to keep an eye on the stock this week.
While the rally following this announcement was a welcome relief for the company, it is important to point out that earlier on in the week, the stock has fallen considerably following a setback. Last Monday, the company announced that the United States Food and Drug Administration handed CytoDyn a refusal to file a letter with regards to the usage of leronlimab to treat HIV.
However, at the same time, investors should be noted that the company did announce that it is confident of furnishing the agency with all the further details that have been demanded. It is one of the penny stocks that have performed remarkably well this year so far, and investors could keep an eye on it.
These 3 Pot Stocks Are Up Big Since May: What’s the Buzz?
Over the course of the past year or so, pot stocks had generally struggled, but during the past month, those stocks have recovered nicely. The stock market suffered a historic fall due to the economic turmoil caused by the coronavirus pandemic. It is believed that investors who are looking for value have descended on the beaten-down pot stocks. On the flip side, these stocks could also have been identified as defensive plays in an uncertain market environment.
That being said, it should be noted that despite the gains recorded by many stocks, most of those stocks are still considerably lower than the all-time highs. In such a situation, it could be worthwhile for investors to take a closer look at some of the strongest and more stable cannabis companies in the industry. Here is a look at three pot stocks that made significant moves in May and could be tracked by investors at this point.
1. HEXO Stock Jumps Ahead of Earnings
HEXO Corp (TSX:HEXO) (NYSE:HEXO) is one of those cannabis companies which have had a particularly tough time over the past year or so. However, the stock has emerged as one of the bigger gainers among pot stocks in recent trading sessions. The Hexo stock has gained as much as 120% over the course of the past month. The company is all set to release its financial results for the fiscal third quarter on Thursday, and hence, it could be a big week for the stock.
The recent surge in the Hexo stock may have come as a major boost to investors, but it should be noted that over the past year, it recorded considerable losses. The beaten-down nature of the stock may have contributed to the stock becoming more attractive for investors. However, the trajectory of the Hexo stock in the near term is going to depend a lot on its third-quarter earnings.
The company had made a loss of $298 million in the previous quarter, and while it is almost certain that it is going to make a loss again, the size of the loss is going to be keenly watched. Additionally, any writedowns are also going to be harmful to the stock. Investors should also keep an eye on sales growth.
2 Organigram gains Momentum on Value Buying
Organigram Holdings (TSX:OGI) (NASDAQ:OGI) is another pot stock that has made significant gains in the past month. Since May 13, the stock has gained as much as 80%. In April, the company announced its fiscal second-quarter results, but it had been a disappointment.
Revenues dropped by 13.7% year on year to hit CA$23.2 million, and losses widened to CA$6.8 million from CA$6.4 million in the prior-year period. However, one significant cause for optimism for Organigram investors is the fact that in the second quarter, cannabis 2.0 products made up as much as 13% of its revenue. That has opened up a whole new opportunity for the company.
Wholesale cannabis revenue made up 24% of the net, and that is again a new source of revenue. The company blamed the lower volumes of flower as well as cannabis oil for the drop in sales. Organigram reported cash and cash equivalents of CA$41.1 million as of February 29. Considering the fact that it has burned CA$25 million in the past six months, investors should not use that the cash balance does not paint a pretty picture.
3 Aphria Recovers Following Solid Earnings
Aphria (TSX:APHA) (NYSE:APHA), on the other hand, managed to perform relatively well in its fiscal third quarter. The net sales rose by as much as 19.7% sequentially to hit CA$144.4 million, and more importantly, the company also managed to record a profit for the third time in four quarters. On top of that, it should be noted that although the Canadian cannabis company spends CA$124.4 million on its operations in the nine months trailing that quarter, it still reported a cash balance of CA$515 million.
The performance seems to have buoyed market participants as well, and the stock has rallied by as much as 75% since the middle of May. One of the most important things that investors are going to be looking into is whether Aphria is going to be able to maintain its profitability.
However, due to the turmoil caused by the coronavirus pandemic, it might prove difficult. That being said, it should be noted that the pandemic is going to have an equally damaging effect across the sector.
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