Digital wellness technology firm Hapbee Technologies Inc (OTCMKTS:HAPBF) is one of the companies that you could consider looking into this morning in light of the announcement from the company yesterday.
Trading Data
On Thursday, HAPBF stock ended flat at $0.0852 with more than 1K shares, compared to its average volume of 27.78K shares. The stock moved within a range of $0.0852 – 0.0852 after opening trade at $0.0852.
Hapbee Launches Latest Wellness Tech Innovation Hapbee Smart Sleep Pad
The company was in the news yesterday after it announced that it had finally launched the product Hapbee Smart Sleep Pad. The company claims it is a versatile and sleep oriented pad that puts comfort first. The pad is run by the company’s digital wellness app. It was a major new announcement from the company and it is going to be quite interesting to see if the stock can manage to come into focus among investors today.
It is a product that is targeted at a market that is growing at a good rate. Studies suggest more than 70% of people in the United States suffer from some form of sleep disorder. However, instead of medicines and stimulants, many of these people are now looking for effective natural solutions to their sleep problems. The product from Hapbee could in fact be the perfect solution for such individuals since it is not a medicine and more importantly, it does not have any side effects at all.
Key Quote
“The Smart Sleep Pad represents a major milestone for our company and for our customers,” said Yona Shtern, CEO of Hapbee. “After months of careful research and lots of feedback from our community of users, we are delighted to have designed an effective, natural, user-friendly product designed especially for sleep – our largest category of use. This new form factor provides our customers with the night-time sleep and relaxation solution they have been asking for and is the perfect complement to the Hapbee Neckband for focus and performance during the day.”
Technical Data
HAPBF stock is above the 20-Day and 50-Day Moving averages of $0.0731 and $0.0666 respectively. However, the stock is trading below the 200-Day moving average of $0.1532. The company has a total market capitalization of $6.30 million.
