Stock market success is something that can only be possible if investors are diligent with regards to their research and can from time to time unearth stocks which may have been overlooked by the market. At this point in time, Friendable Inc (OTCMKTS:FDBL) is a company that may not be on the radar of most investors but it is a company that may be well worth looking into.
Trading Data
On Wednesday, FDBL stock ended flat at $0.0003 with more than 130 million shares traded, compared to a volume of 108.82 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trading at $0.0003.
About The Company
Friendable Inc is a marketing and mobile technology company, which is involved in the development and identification of products, branding opportunities, and services, which could have the potential of not only being scalable but also for being mass market successes. As it happens, the company was actually in the news yesterday and investors could consider taking a look at the development in order to get a better idea about the current situation at Friendable.
Friendable’s 360 Music Artist Offering Sees Increases in Revenue, Website Traffic and General Artist Interest to Its FeaturedX Branded Service Offering as FeaturedX Revenues Surpass $168,000 From January 2022 to Date
On Wednesday, the company came into the news cycle after it made an announcement with regards to its history over the past six months after it had completed the acquisitions of the two brands FeaturesX and Artist Republik.
Following the competition of the two acquisitions, the Friendable management has been focused on the development of both brands. It first started work on Artist Republik and not too long ago, Friendable managed to complete a Phase II upgrade of FeaturedX. It was also noted that the Phase II upgrade has been the main reason behind the rise in revenues as well. Since the completion of the acquisition, FeaturedX has managed to contribute in excess of $168,000 in the form of revenues to date.
In this regard, it could be a good move for investors to perhaps take a look at the way FeaturedX could continue to be a successful brand for Friendable. In the news release from the company on Wednesday, it was noted that it was necessary to completely change the communication tools that had been in place between the company and artists.
That particular change also brought about an improvement in the way in which the featured artist and the artist who bought the former’s work interacted. FeaturedX is a platform that is focused on music artists who are looking for other music artists who may be interested in getting featured in a musical production or in a video. In addition to that, the platform also offers the services of graphic designers who may be interested in providing services for logo design, merchandise, and other related items.
The company noted that FeaturedX has proven to be a considerable success in having developed a revenue ramp for Friendable. It has been able to add to the user base meaningfully and at this point, the company believes that it should be supplemented with more technology if it is to continue to be a success.
Last but not least, the company has also brought about major change payments are being made upfront in order to make life easier for artists. It now remains to be seen if the Friendable stock comes into focus in the coming days or not.
Key Quote
“It’s been our mission to provide a full 360 offering for all independent music artists and our team is convinced we have just that, and much more, from music distribution, music writing & video collaboration, design services, promotional materials, merch designs/collections, and e-commerce storefronts. It’s all here in one place and let’s not forget about the “Live” with Fan Pass Live, which brings the virtual live event scheduling, ticket sales, tips, backstage action/content, merch promo/sales and fan interaction with revenue sharing for artists across the board, that’s what we call a 360 offering,” said Robert A. Rositano Jr., CEO, Friendable, Inc.
Technical Data
FDBL stock is trading below the 20-Day and 40-Day Moving averages of $0.0003 and $0.0003 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0026. The company has a total market capitalization of $653K. The stock is down 0% over the past 6-month.
