NEW YORK, NY / ACCESSWIRE / April 10, 2019 / Three stocks under $10 that are either starting parabolic breakouts or on the threshold of one have been identified. The following are some of the best small and mid-cap opportunities on the market today. Based on positive news flow, investors should be informed on the following companies: New Age Beverages Corporation (NBEV), Conversion Labs, Inc. (CVLB), and Blue Apron Holdings, Inc. (APRN).
2019 has been a rewarding year for many investors. With capital continuing to enter equities, companies with positive news flow and rosy earnings reports have typically been blessed with breakout volume and stock price appreciation. This behavior is the reason why the following three companies have been highlighted for their breakout potential based on their news flow and/or fiscal results.
New Age Beverages Corporation (NBEV)
2019 has been proving to be a great year for New Age Beverages Corporation (Market Capitalization: $457.78M). The company has been riding high since the closure of the Morinda deal in late December 2018, which solidified them as a multinational company with a revenue base of over $300 Million. The company sells modern beverages including natural green tea, kombucha teas, and yerba mate teas, but it has been the recent excitement around the company's foray into CBD-infused drinks that has allowed the stock to take off.
This week is proving to be a breakout week for New Age Beverages Corporation, as they recently announced signing a major distribution deal with Walmart, the largest retailer in the world. Shares soared nearly 40% off the announcement, and investors are looking to see if the share price can retrace back to the $7 level established shortly after the closing of the Morinda deal. The long term benefits of recent business developments should be readily visible in the company's upcoming quarterly report in May.
Conversion Labs, Inc. (CVLB)
2018 and the first quarter in 2019 has been a breakout period of growth for Conversion Labs, Inc. (Market Capitalization: $8.90M). The company, which focuses on the acquisition and marketing of unique brands in the health and technology sectors, posted record revenues of $8.324M for the year of 2018, representing growth of 126% over the previous year's revenue.
This substantial uptick in growth was driven by a strategic corporate shift, where the company divested its legacy manufacturing business in order to focus on and diversify its product portfolio to four commercial stage brands. This included Conversion Labs taking a majority interest in PDFSimpli, a cloud-based SaaS offering for document conversion in June 2018. After majority interest was secured, PDFSimpli experienced meaningful growth in traffic, reaching top 25,000 in Alexa global website rankings with over 250,000 registered users in the first 12 weeks of commercial launch.
Conversion Labs appears to be continuing its momentum from 2018, where the company recently announced record quarterly and monthly sales. Driven primarily by sales of one of its brands, Shapiro MD, the company estimates a record gross revenue of $3.03 million for the first quarter of 2019, in which March proved to be the strongest month in the company's history, with gross revenues estimated to total approximately $1.32 million. This puts Conversion Labs at a current run rate of just under $15 million for fiscal year 2019, which is nearly double the company's current market capitalization.
If the company's revenues continue to grow at this rate, it stands to reason that the cash flow and continued growth could allow Conversion Labs, Inc. to meet the requirements needed to uplist to the NASDAQ or NYSE within 2019, boding well for liquidity and early investors.
In order to discuss their results for fiscal year 2018 and preliminary results for Q1 2019, the Company will host a conference call April 10 at 4:15 PM EDT.
Blue Apron Holdings,Inc. (APRN)
Shares of Blue Apron Holdings, Inc. (Market Capitalization: $223.69M) saw a surge of buying following the news of the new CEO, Linda Kozlowski, being appointed. The past two years have proven to be a rough period for the meal-kit service company, pressured by competing services such as HelloFresh and others.
Investors have regained optimism about the company partly due to the new CEO's background, where Kozlowski was formerly the COO of Etsy, the online-based craft goods juggernaut that has exploded near 8-fold over the past three years. During her period at Etsy, she oversaw, in her own words, "all activities that are revenue generating or customer facing."
Her background as a proven marketer may be what is most important to Blue Apron today, where the company has gradually shifted over the past year from customer growth to profit maximization from its best customers. The company still expects a lot of value out of its strategic partnerships with Walmart's Jet.com and WW (formerly Weight Watchers), and Kozlowski may hold the key to unlocking value and outperforming its competitors. The company's first-quarter earnings for 2019 will be released on April 30, 2019.
About OneEquity Stocks
One Equity Stocks is a provider of paid-for research on publicly traded emerging growth companies. This is an advertisement. We are not a licensed broker-dealer and do not publish investment advice and remind readers that investing, especially in penny stocks, involves considerable risk. One Equity Stocks encourages all readers to carefully review the SEC filings of any issuers we cover and consult with an investment professional before making any investment decisions. One Equity Stocks is a for-profit business and is usually compensated for coverage of issuers we cover as well as other advisory work we perform. Although we always strive to be objective, you should assume we are biased because of the financial relationship we have with companies we write about. In the case of CVLB, we are reimbursed for actual costs we incur and received 300,000 shares of restricted stock for Business Development, Capital Markets and Research Services. The CEO of Conversion Labs has an ongoing business referral relationship with One Equity Stocks, however, neither he nor anyone affiliated with Conversion Labs has participated in the preparation of this article nor receives any compensation related to the services provided by One Equity to CVLB. Please contact us at firstname.lastname@example.org for additional information.
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SOURCE: One Equity Stocks, LLC
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