The sports betting industry is growing in the United States and investors who may be interested in getting into it could do well to take a look at the Winners Inc (OTCMKTS:WNRS) stock.
Trading Data
On Wednesday, WNRS stock gained 5.62% to $0.0047 with 113.33K shares, compared to volume of 702.78K shares. The stock moved within a range of $0.0047 – 0.0055 after opening trade at $0.0048.
Winners, Inc. Subsidiaries Facebook and Instagram Ad Campaigns Substantially Increasing its Database of Sports Gamblers to Drive Revenues
The company is involved in providing bettors with analysis, content, predictions, guidance and research data with regards to sports betting. Yesterday, it was in the news after it announced that the marketing campaign of its subsidiary on Facebook and Instagram had proven to be a success. The company noted that the advertising campaign had resulted in boosting the number of sports gamblers on its database and that can only be a major positive for Winners Inc.
The higher number of sports gamblers on the database could help the company in boosting its subscription income as well as referral based incomes at a time when the NFL and the college football season have started. The news came as a source of substantial optimism for investors and the Winners stock was in action yesterday. It ended up with gains of as much as 6% yesterday and it is going to be interesting to see if the stock can continue to add to its gains today.
Key Quote
Brian Foy, Winners Chief Marketing Officer stated “Bringing in fresh leads and paid Subscribers every day utilizing our proven Funnel, we believe will grow exponentially. There are strategists, and there are executionists. I think of our team as executionists. Strategists think about ideas and executionists achieve results. We’re super excited about the results of our Funnel in the early stages. Getting this many new paid Subscribers this early in the Football season is a very encouraging sign of things to come. With the start of college football and the NFL around the corner, we plan to ramp up marketing and scale our subscription model month to month.”
Technical Data
WNRS stock is below the 20-Day and 50-Day Moving averages of $0.0054 and $0.0070 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0125. The company has a total market capitalization of $869K. The stock is down 41% over the past month.
