49.8 F
New York
Monday, November 23, 2020

Gopher Protocol Inc (OTCMKTS:GOPH) Announces New Strides on the Tech Front

Must read

Colony Capital Inc. (NYSE:CLNY) on the Path to Profitability

Colony Capital Inc. (CLNY) shares are trading at higher $4.31 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

The Forecast Just Changed on Suncor Energy Inc. (NYSE:SU)

Suncor Energy Inc. (SU) shares are trading at lower $15.41 and the avg recommendation for the stock is Moderate Buy. To add more color...

Starbucks Corporation (NASDAQ:SBUX) Recent Earnings Shows Major Concern

Starbucks Corporation (SBUX) shares are trading at lower $97.01 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Is the Rough Ride Over for Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation (MPC) shares are trading at lower $38.26 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

We are always excited to take a fresh look at Gopher Protocol Inc (OTCMKTS:GOPH), one of the most interesting emerging players in the AI space among the small and microcap ranks. Shares have been finding support and picking up some bids after what looks to be a healthy pullback that took root after a remarkable ascent into the early April highs near the $5/share level.

Helping to fuel the latest round of interest, the company just announced that testing of its Guardian Pet Tracker prototype has been completed. According to its latest release, “the Guardian Pet Tracker performed as expected and required minimal fine tuning. Gopher expects that it will commence the process of certifying the product with the Federal Communications Commission and the European Union, which will be required to commence sales. The Guardian Pet Tracker performed as expected and required only minimal fine tuning.”

Gopher Protocol Inc (OTCMKTS:GOPH) casts itself as a development-stage Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.

The Company has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide.

Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.

Moreover, Gopher Protocol Inc. engages in the process of developing a real-time, heuristic-based, mobile technology. Its technology consists of a smart microchip, mobile application software, and supporting software. The company was formerly known as Forex International Trading Corp. and changed its name to Gopher Protocol Inc. in February 2015. Gopher Protocol Inc. was founded in 2009 and is headquartered in Santa Monica, California.

According to its press communications, “Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) (http://gopherprotocol.com/) is a development-stage company which considers itself Native IoT creator, developing  Internet of Things (IoT) and Artificial Intelligence enabled mobile technology.  Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.”

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

“We are developing our next generation tracking to include an unstructured decentralized MESH based network.  In order to efficiently control the MESH network, we are designing our Avant! AI engine” stated Dr. Danny Rittman, Gopher’s CTO. “As our MESH network develops, we expect to face a major challenge of controlling a vast unstructured decentralized private MESH network.  We believe that this can be done with our Avant! AI technology. Avant!, when developed, will enable direct communication between nodes and will learn patterns of the nodes communications. In essence, Avant! is a cognitive computing system, enabling it to study scenarios and adapt to changes” Continued Dr. Rittman.

We’ve witnessed 8% added to share values of the company over the past week of action. Market participants may want to pay attention to this stock. GOPH has a history of dramatic rallies.

Moreover, the stock has seen interest climb, with an increase in recent trading volume of 72% beyond what we have been seeing over the larger time frame. This should not be overlooked due to the tiny float size in the stock (of 8.6 million shares).

Currently trading at a market capitalization of $393.3M, GOPH has a reserve ($1.3M) of cash on the books, which stands against virtually no total current liabilities. GOPH is pulling in trailing 12-month revenues of $9.2M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 10190.5%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $GOPH stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

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

Latest article

Carrier Global Corporation (CARR)’s Stock is Jumping, Here is Why

Carrier Global Corporation (CARR) shares are trading at lower $38.54 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Infosys Limited (INFY)?

Infosys Limited (INFY) shares are trading at higher $14.91 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

When Will First Majestic Silver Corp. (AG) Slow Down

First Majestic Silver Corp. (AG) shares are trading at higher $10.27 and the avg recommendation for the stock is Moderate Buy, while the current...

Lloyds Banking Group plc (NYSE:LYG) is Gaining Momentum on Earnings Catalyst

Lloyds Banking Group plc (LYG) shares are trading at lower $1.87 and the avg recommendation for the stock is Hold, while the current analyst...

Is the Rough Ride Over for Spirit AeroSystems Holdings Inc. (SPR)

Spirit AeroSystems Holdings Inc. (SPR) shares are trading at lower $32.43 and the avg recommendation for the stock is Moderate Buy, while the current...