Supply@me News

Supply@Me share price has been in a consolidation phase in the past few days. The penny stock was trading at $0.07, where it has been recently. It has plunged by more than 58% from its highest level in June. It has fallen by over 50% this year, giving it a market cap of more than 43.8 million pounds. Is Supply@Me a good investment? Supply@Me is a relatively new technology company that provides end-to-end inventory monetization products. The firm provides TradeFlow services and local Supply@Me subsidiaries. Each inventory monetization transaction can involve multiple types of investors depending on the risk appetite. The most recent results showed that the company’s total revenue rose to £0.5 million while its loss before tax rose to £12.2 million. Its total assets at the time was £10.6 million while the net growth in capital under management in the quarter rose to about 17%. Its inventory monetization was £0.3 million while its inventory advisory’s revenue rose to £0.2 million. The company has not published its financial results this year. So, is Supply@Me a good investment? In my view, I believe that there are more better opportunities in the UK. For one, I find the company is a relatively complicated one for most people. It is also not followed by City analysts, meaning that there is limited information about the company. Supply@Me share price forecast The daily chart shows that the SYME stock price has been in a tight range in the past few months. It has remained in a consolidation phase and has remained below the key resistance level at 0.0950p, which was the highest point in October. The stock moved below the 50-day moving average. At the same time, the Awesome Oscillator has moved to the neutral level. Volume has also continued consolidating. Therefore, the stock will likely have a bearish breakout in the coming days. If this happens, the next key support level to watch will be at 0.060p, which is about 26% below the current level. A move above the resistance at 0.09 will invalidate the bearish view.

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