While the stock markets have witnessed a bloodbath this year, there are still some exciting equities to consider that can generate capital for investors. FBC Holding Inc. (OTCMKT:FBCD), which is currently moving in the range, is one such exciting opportunity that promises returns for investors.
Trading Data
On Tuesday, FBCD stock ended flat at $0.0004 with more than 3.12 million shares, compared to its average volume of 22.06 million shares. The stock moved within a range of $0.0004 – 0.0004 after opening trade at $0.0004.
About FBC Holding
Based in Scottsdale, Arizona, the company promotes and offers high school kids in the US streetwear apparel, headgear, and accessories. Under the FormRunner Apparel brand sells shirts, jackets, crewnecks, hoodies, hats, sweatpants, and beanies. The business sells its goods via FormRunnerApparel.com, an e-commerce site, and two store outlets in Scottsdale, Arizona.
FBC Holding, Inc. (FBCD) Continues Significant Revenue Growth
FBC Holding has announced that its wholly-owned affiliate, Formrunner Apparel Inc., has announced that it continues to see considerable growth due to expansion and bringing high-end apparel that is in demand. Along with witnessing an increase in retail revenues, the company is also getting more requests to supply Formrunner Apparel in large quantities so that other businesses can sell the brand.
According to President & CEO Lisa Nelson, they are overjoyed at how quickly our items are flying off shelves and gaining popularity in the market. We have expanded our offering recently and introduced new Formrunner sets, and there is still so much more to come. It shouldn’t be surprising that the US apparel industry is enormous, given that it is among customers’ most popular online buying sectors. In actuality, it is worth billions of dollars right now. Estimated revenues for 2022 will total $473.42 billion. Compared to 2021’s data, this shows an 8.3% growth rate for the fashion market.
The fashion market’s rate of growth this year is still a decrease from last year. The industry expanded at its fastest rate between 2019 and 2023 in 2021, at 18.4%. Additionally, this occurred following the sharp decline in US fashion sector sales in 2020, when those sales fell 21.9% and represented a loss of over $100 billion. Due to coronavirus rules, physical fashion businesses had to close, which resulted in a decline in visitation and sales.
Key Quote
President & CEO Lisa Nelson states “We are beyond thrilled at how rapidly our products are flying off the shelves and being recognized in the marketplace. In the last few months, we have added a variety of selection along with new Formrunner collections being released and there is so much more on the way!”
Technical Data
FBCD stock is above the 20-Day and 50-Day Moving averages of $0.0004 and $0.0004 respectively. However, the stock is trading below the 200-Day moving average of $0.0063.
