Galaxy Next Generation Inc (OTCMKTS: GAXY) has fallen by 4%. The company’s stock previously closed at $0.24 and is now at $0.23.Its stock has fallen 21% in the last month; thus, investors should be wary of purchasing shares from Galaxy.
Trading Data
On Friday, GAXY stock fell 3.36% to $0.23 with more than 35K shares, compared to its average volume of 42K shares. The stock moved within a range of $0.2211 – 0.2600 after opening trading at $0.2301.
About Galaxy Next Generation Inc
Galaxy Next Generation Inc is a company that distributes, sells, and creates technology for interactive learning. The software or hardware could make it easier for participants and presenters to have a collaborative, constructive environment.
Among the services that galaxy provides are maintenance, training, and installation. The products it offers include accessories, intercom, school PA, classroom audio, communicator bells, and paging products. The company provides these services and products in the U.S and internationally. Moreover, it conducts business via more than 22 resellers in the U.S. The company doesn’t have a say in where the resellers market products. Its headquarters are in Toccoa, Georgia.
Galaxy Next Generation Awarded Contract from Ohio School District
Galaxy Next Generation Inc recently announced that Licking Heights Local School District, Ohio, has awarded it a contract for its G2 communicator. The company notes that this contract reflects its success in expanding its market to Ohio. Moreover, it validates its decision to invest more capital in its sales team.
The company also announced receiving a patent from the U.S Patent and Trademark Office (USPTO). This patent will allow the company to integrate platforms like intercom solutions, cell paging, and G2 communicator. It will also allow it to incorporate the G2 Link classroom audio amplifier end-points.
Galaxy offers high-grade technology for use by educators and students in schools. One technology it provides is the G2 Communicator. This platform integrates several dimensions, including emergency communication, intercom solutions, and bell paging. The company states that the patent will cover available G2 products, those it is developing, and others it might create in the future.
According to Galaxy’s CEO, Gary LeCroy, obtaining patents that would protect its products is an essential part of the company’s growth. He adds that the company is pleased with the direction it is moving on as it files new patents and comes up with others. Galaxy now has two issued patents and three pending ones.
Technical Data
GAXY stock is trading below the 20-Day and 50-Day Moving averages of $0.26 and $0.30 respectively. Moreover, the stock is trading below the 200-Day moving average of $1.03.
