One of the best ways of making long-term wealth in the stock market is by identifying stocks a bit ahead of the rest of the market. If one is able to do that then it is possible to reap the rewards when the upward movement eventually happens. While there is no guarantee that such strategies may always work out, it may be a good idea for investors to consider this strategy.
There are many stocks that are a bit under the radar at this point in time and one of those is LiveWire Ergogenics Inc (OTCMKTS:LVVV). Investors who wish to know more about the company need to get a better idea about the nature of its business and then go about taking a look at the latest developments which may have an effect on the stock.
Trading Data
On Friday, LVVV stock fell 1.79% to $0.0055 with more than 6.95 million shares traded, compared to a volume of 1.54 million shares. The stock moved within a range of $0.0055 – 0.0065 after opening trading at $0.0056.
About The Company
The company is involved in the acquisition, management, and licensing of cannabis real estate properties that are fully qualified for the purpose of the setting of wholly compliant plants which produce cannabis-based products. In addition to that, the company is also involved in building relationships so that the products in question could be distributed across the state of California.
One of the more important aspects of the company’s operations is to develop and then license the premium quality CBD products and services for the creation of the brand Estrella Grown Weedery through a range of subsidiary companies and affiliates.
LiveWire Ergogenics Announces Increased Revenue and Net Profit for the Second Quarter of 2022 and Provides Outlook Through 2023
Now that you have a fair idea about the sort of work that the company does, it may be a good time for you to consider taking a look at the latest news with regards to LiveWire Ergogenics. The company came into the news cycle on Monday after it announced its financial results for the second fiscal quarter of the year that ended on June 30, 2022.
The company managed to generate revenues to the tune of as much as $463,313 for the quarter and that reflected a massive rise of as much as $353,813 on a year-on-year basis. It worked out to year-on-year growth of a staggering 323% and that is something that all investors are expected to have in their minds when they consider the LiveWire Ergogenics stock.
On the other hand, the revenues for the first half of the year came in at $871832 and that recorded a rise of as much as $679,332 from the prior year period. It worked out to year-on-year growth to the tune of 352%.
The remarkable rise in revenues has been attributed to greater income that had been generated by LiveWire Ergogenics from licensing and rental fees. In addition to that, the management at LiveWire Ergogenics had been diligent in optimizing the real estate and intellectual properties which are controlled by the affiliates and subsidiary companies. More importantly, the management also pointed out that it expected the trend is going to continue for the rest of the year.
Technical Data
LVVV stock is trading above the 20-Day and 50-Day Moving averages of $0.0060 and $0.0066 respectively. However, the stock is trading below the 200-Day moving average of $0.0079. The company has a total market capitalization of $8.31 million. The stock is down 24% over the past month.
