Helo Corp (OTCMKTS:HLOC) Stock Moves in a Narrow range After The Fall

Helo Corp (OTCMKTS:HLOC) stock has been consolidating over past few trading session after the recent fall.

Market Reaction

On Wednesday, HLOC stock ended flat at $1 with more than 6.91K shares, compared to its average volume of 2.11K shares. The stock has moved within a range of $1.0000 – 1.0700 after opening trade at $1.

Helo Corp. Receives Prestigious Deloitte Fast 500 Technology Award

Helo Corp (OTCMKTS:HLOC), which specializes in digital health and developing wearable wireless devices, has won a Deloitte Fast 500 Technology Award, as per an announcement on December 1, 2021.

Deloitte consistently rewards innovative, fastest-growing public and private technology companies from cities across North America, for over 20 years. The Technology Fast 500 was created to award passionate and dedicated people who have what it takes to be an industry disruptor. It is given to technology innovators in selected industry sectors who own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues.

Based on their impressive revenue growth from 2017 to 2020, Helo Corp was chosen to join this exclusive group of high achievers. Fiscal year revenue growth was 679% during these three years, which is well above the Technology Fast 500 median growth rate of 521%.

Fabio Galdi, CEO of Helo, affirms that it positions their company as one of the key players in the digital health sector. Their life changing technology combined with the power of AI and blockchain ensures that unique products and services are available to all, while being able to share the revenue generated from this data with their members.

Key Quote

“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”

Traders Review

HLOC  stock is trading above the 20-Day and 50-Day Moving averages of $0.9459 and $0.8612 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.9157.

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