Linkfire is the global market leader in smart links for music streaming companies with a 70% market share.
For example, you click on Justin Bieber’s song you got from a friend on Snapchat, you get into a link that shows you where you can download the music from, the next concert, or where to buy tickers. Linkfire links music on social networks to music streaming companies.
The stock is 50% from its IPO price, despite delivering on all its guidance. The revenues has been raising around 50% over the last two quarters as the company indicated in the IPO. The reason for this according to the Pareto analyst is that the company did not actively communicate between August and October. The retail got scared and start selling. The stock is sliding on very low volumes. The company is starting to communicate actively. If you look at social media there is one good news per week.
The CEO is buying
The CEO reported on Friday that he started buying. The volumes were not high, but it is an indication that the management cares about the share price. See:
LInkfire CEO interview on Market Makers!
Market Makers! Hear Linkfire’s CEO Lars Ettrup on the company vision and next steps around 26 minutes in. Listen on your preferred podcast app here 👉 https://lnkd.in/dScp8t5W
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The goal of the blog is to provide investment ideas for further research. I/we have a beneficial position in the shares discussed above either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. The article does not represent investment advice. Please do your own research before making any investment action.
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