When it comes to the stock market, it is often necessary for investors to look into such stocks which may not be on the radars of many players. One such stock is that of SOS Limited (NYSE:SOS), a company that is fast emerging as a significant player in the blockchain and big data powered marketing solutions space.
Trading Data
On Friday, SOS stock decreased 10.53% to $0.7009 with more than 7.08 million shares, compared to its average volume of 12.63 million shares. The stock has moved within a range of $0.7000 – 0.7720 after opening trade at $0.77.
Key Analysis
Digital technology innovation is gathering pace at a fast pace and SOS is trying to be one of the leaders in that particular sphere. At this point in time, SOS Limited boasts of as many as 99 software copyrights and on top of that, it holds three patents as well.
Despite all that, it is also necessary to note that the SOS Limited stock has performed poorly in recent times and up until January 4, the stock had tanked by a staggering 82.5% in a nine month period.
At this point in time, the SOS Limited stock is actually not too far away from its lowest levels in 52 weeks and has been around that level for some time. In this situation, investors with risk tolerance might consider keeping an eye on it as a high risk, high reward option.
Technical Data
SOS stock is trading below the 20-Day and 50-Day Moving averages of $0.86 and $1.06 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.54.
