The main attribute of successful investors is that they get into stocks before others and then wait for the stocks to move in the right direction. However, it is not something that is easy to pull off on a consistent basis. If one has to have some success on that front then he needs to put in a lot of time towards diligent research in order to unearth the right stocks that could move in a favorable direction. This article is going to give you a closer look into three stocks from the OTC Markets that may be ready to move.
Sparta Commercial Services Inc (OTCMKTS:SRCO) – While the name of the company may suggest otherwise, Sparta Commercial Services Inc is actually a holding company with interests in a wide range of industries. It is involved in mobile app development, website development, cryptocurrency, CBD, wellness, and municipal lease financing solutions.
The company has gone for a tried and tested method of generating growth. It has decided to invest in industries in which the rewards could be enormous in the long run and thereby unlock considerable value for shareholders. It is believed that 2022 could well be the breakthrough year for Sparta Commercial Services. The company’s revenues have been rising and in the quarter that ended on January 31, 2022, it recorded sequential growth.
However, the growth in revenues can only prove to be a green shoot if the cost of generating those revenues does not rise. In the case of Sparta Commercial Services, the cost of generating revenues has actually gone down. In the first nine months of the fiscal year 2022, the cost of revenue has gone down by around 40% and that indicates that the margins have improved considerably for Sparta Commercial Services.
Growth in revenues and improvement of margins are indicators of a company that has managed to unlock a formula for meaningful growth. It is not spending more in order to generate more growth and that is a factor that all investors need to bear in mind when they consider the Sparta Commercial Services stock. It may be prudent to add it to your watch lists.
International Star Inc (OTCMKTS:ILST) – There was no news about International Star Inc yesterday but the stock experienced heavy action nonetheless and ended up with gains of 12% for the day. The company is involved in the exploration and acquisition of base and precious metal properties in America. International Star is mainly interested in exploring gold and silver among other minerals.
The company had originally been known as Mattress Showrooms Inc but back in 1997, it changed its name to International Star Inc. It had been established back in 1993 and is based out of Shreveport, Louisiana.
Maison Luxe Inc (OTCMKTS:MASN) – On Wednesday, the Maison Luxe Inc stock was in the middle of a strong selloff and ended the day with a decline of as much as 17%. However, at the same time, it ought to be noted that there was no news about the company at all.
The last time the company was in the news was back on June 30, 2022, when it announced that it had generated revenues of $1,7645,898 for the fiscal year that had ended on March 31, 2022. That reflected a year-on-year rise of a whopping 300% from the revenues of $5,284,154 in the previous fiscal year. It now remains to be seen if the Maison Luxe stock can make a recovery today.
GEX Management Inc (OTCMKTS:GXXM) – The past week has been a bit of a disaster for investors in the GEX Management Inc stock as it went through a major selloff and ended up with a decline of as much as 17%. While the decline in the stock has been considerable, it is perhaps also necessary to note that there has been no news about the company at all and hence, it remains to be seen if the stock could manage to make a recovery in the coming days.
The company is involved in providing consulting services, business services, and staffing solutions to enterprises. It offers a plethora of services starting from payroll processing to tax filing and from quarterly payroll tax reporting to remittances. In addition to that, it is also well known for providing the full range of human resource-related services like benefit plan administration, performance evaluation, employee handbook, and other similar services that help in the smooth running of the human resource side of things.
Grayscale Investments (OTCMKTS:BCHG) – If you are interested in the crypto space then the Grayscale Investments stock could well be the one to look out for today. The stock did not perform well yesterday and in fact, went down by as much as 5%.
However, at the same time, it should be noted that on Wednesday the company announced that the Registration Statements on Form 10 that it had sent to the United States Securities and Exchange Commission had become effective. The whole thing had been made on behalf of the trust.
RemSleep Holdings Inc (OTCMKTS:RMSL) – The RemSleep Holdings Inc stock has already been on a roll over the past week and it was on the move yesterday as it ended the day with gains of 4%.
That took the gains made by the stock over the course of the past week to as much as 12%. There has been no news at all about the company in the past week and the last time it was in the news was back on June 16 when it had made an address to shareholders regarding its S 1 filing.
Digital Brand Media & Marketing Group Inc (OTCMKTS:DBMM) – Lastly, it is the Digital Brand Media & Marketing Group Inc stock that deserves mention after it clocked gains of as much as 17% despite there being no news. The company is involved in the digital marketing space and works with its subsidiaries to design and deliver campaigns. It may be a good idea to keep an eye on its today.
