70.7 F
New York
Tuesday, October 20, 2020

Bravatek Solutions Inc (OTCMKTS:BVTK) Shares Roar Higher on New Partnership

Must read

PPG Industries Inc. (NYSE:PPG) Recent Earnings Shows Major Concern

PPG Industries Inc. (PPG) shares are trading at lower $134.32 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Inuvo Inc. (AMEX:INUV) Stock is Soaring, Here is Why

Inuvo Inc. (INUV) shares are trading at higher $0.37 and the avg recommendation for the stock is Moderate Buy. To add more color to...

The Rejuvenation of Syndax Pharmaceuticals Inc. (NASDAQ:SNDX)

Syndax Pharmaceuticals Inc. (SNDX) shares are trading at lower $17.28 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Renewed Optimism is Surrounding ZoomInfo Technologies Inc. (NASDAQ:ZI)

ZoomInfo Technologies Inc. (ZI) shares are trading at higher $44.16 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Bravatek Solutions Inc (OTCMKTS:BVTK) shares have been back on the warpath in recent trading, with the stock ripping higher once again on Thursday. Traders have been pouring more and more attention into BVTK on the OTC over the past 3 weeks, with shares blasting over 200% higher in that time. BVTK’s most recent key catalyst hit the wires this week in the form of an announcement that it has executed a worldwide exclusive arrangement whereby Bravatek will promote, sell and distribute Voosh LLC’s field-proven software that delivers improved capacity and performance of servers and workstations.

Dr. Thomas A. Cellucci, CEO, commented, “We are pleased to formalize this special business relationship with Voosh, who has earned a well-deserved reputation in the optimization of computer system performance, via on-premises or cloud-based deployments.” The announcement follows a huge uptick in trading volume, which suggests that long time shareholders have had a strong, liquid market in which to exit. And that should give shorts pause: if those weaker hands are off the bus at this point, then the primary bearish catalyst has been removed from the equation, and we would need to see new difficulties emerge from here.

Bravatek Solutions Inc (OTCMKTS:BVTK) trumpets itself as a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically advanced, cost-effective and reliable software, tools and systems.

Find out when $BVTK stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Along with its “lock down” capability to prevent virus, spam, phishing attacks and the attacks proliferated by malware, BVTK also delivers a powerful employee education program to ensure each and every employee is properly trained and educated on how to spot cyber-attacks and how to avoid them

According to company materials, “Bravatek Solutions, Inc. is a high technology security solutions portfolio provider that assists corporate entities, governments and individuals protect their organizations against both physical and cyber-attacks through its offering of the most technically-advanced, cost-effective and reliable software, tools and systems. Through innovation, we answer the market’s demand for new perspectives and fresh thinking for today’s security challenges.”

As noted above, BVTK shares have been red hot, and part of the story in recent days is the company’s announcement of a new worldwide exclusive arrangement whereby Bravatek will promote, sell and distribute Voosh LLC’s field-proven software that delivers improved capacity and performance of servers and workstations.

The match is something the market clearly likes thus far, with shares pushing steadily higher in response to the headlines.

Mr. Kevin Cornell, Chairman & CEO of Voosh LLC, stated, “We are pleased that we’re joining the Bravatek team. Their marketing prowess, accomplished Board and management team, coupled with their in-depth knowledge of the public markets, will assist us in driving our sales growth. Together, we should make an unbeatable team!”

Recent action has seen 240% tacked on to share pricing for the name in the past month. This is emblematic of the stock. BVTK has a track record that includes a number of dramatic bounces. What’s more, the listing has witnessed a pop in interest, as transaction volume levels have recently pushed 19% beyond what we have been seeing over the larger time frame.

This should not be overlooked with a float in play that’s tiny — of 1.1M shares. As savvy traders are well aware, a mechanically driven price squeeze can result from this type of mix of small float and ramping attention from traders.

Now commanding a market cap of $45.96M, BVTK has virtually no cash on the books, which must be weighed relative to about $1.5M in total current liabilities. BVTK is pulling in trailing 12-month revenues of $370K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 91.2%. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $BVTK stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Disclosure: we hold no position in $BVTK, either long or short, and we have not been compensated for this article.

Latest article

Is Now the Time to Invest in SITE Centers Corp. (NYSE:SITC)?

SITE Centers Corp. (SITC) shares are trading at lower $7.19 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Anheuser-Busch InBev SA/NV (NYSE:BUD) Stock is Soaring, Here is Why

Anheuser-Busch InBev SA/NV (BUD) shares are trading at higher $55.53 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Manulife Financial Corporation (NYSE:MFC) is Holding Steady

Manulife Financial Corporation (MFC) shares are trading at lower $14.02 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Investor Confidence is Falling for Paychex Inc. (NASDAQ:PAYX)

Paychex Inc. (PAYX) shares are trading at lower $81.93 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Splunk Inc. (NASDAQ:SPLK) is Gaining Momentum on Earnings Catalyst

Splunk Inc. (SPLK) shares are trading at higher $207.21 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...