It is sometimes noticed that if investors start looking into companies that may be a bit under the radar then they may end up discovering stocks that may turn out to be gems. There are plenty of stocks you may consider looking into and then figuring out if it might be worth your time to track them.
One of the stocks which may be worth considering at this point in time is Metro One (OTCMKTS: WOWI). It has been in the news in recent days, however, before getting into the news with regards to the company it may be a good idea to first take a look at the sort of business Metro One is engaged in.
Trading Data
On Monday, WOWI stock ended flat at $0.0501 with 250 shares, compared to its average volume of 2.5K shares. The stock moved within a range of $0.0501 – 0.0501 after opening trade at $0.0501.
About The Company
Metro One is actually the parent company of the Israeli firm Stratford Ltd. In turn, Stratford is the operator of the platform Shelfy. Shelfy is an instant mobile commerce platform and also provides a suite of proprietary digital advertising media tools to its customers. It is a highly innovative platform that helps retailers in using customer data for the purpose of providing an interactive shopping experience.
Customers don’t need to know any kind of coding in order to use the platform and hence, it is highly user-friendly as well. In essence, the Shelfy platform helps online retailers to retain their customers, engage with them, and eventually grow the revenues from their business with minimum fuss.
Metro One Goes Live with Its Mobile Commerce Platform on the Shopify App Store
The company was in the news cycle yesterday after it made a major new announcement and it may be a good time for investors to take a look into it. Metro One Telecommunications announced yesterday that Stratford Ltd had successfully launched its mobile commerce platform on the Shopify App Store. Following the successful launch of the same, the app is now available for download for all merchants who are present on the Shopify marketplace.
The company managed to launch its app on schedule and in keeping with the product launch roadmap that it had devised. The Vice President of Growth at Shelfy, AnatBasat spoke about the development as well. Basat noted that everyone at the company was excited at the fact that its SaaS (software as a service) product had been launched successfully on one of the world’s biggest e-commerce platforms. He went on to note that Shopify has consistently provided online retailers with the tools that could help them in growing their businesses and the addition of Shelfy to the marketplace was an indication of the value of the product.
On the other hand, Ami Burkis, the Chief Executive Officer of Shelfy also spoke about the prospects of mobile commerce. She noted that mobile commerce has been growing at a consistent pace and hence, it may be imperative for retailers to use tools like Shelfy in order to be ready for the new trend. At this point in time, it could be interesting to see if the Metro One stock comes on to the radars of investors any time soon or not.
Technical Data
WOWI stock is trading below the 20-Day and 50-Day Moving averages of $0.0887 and $0.0890 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0898. The company has a total market capitalization of $312K. The stock is down 21% over the past month.
