If there is one stock that you could consider keeping on your watch lists for this week then it could well be the SFLMaven Corp (OTCMKTS:SFLM) stock. The stock has moved strongly in recent days and the situation remained the same on Friday as the stock ended the day with gains of 9%.
Market Reaction
On Friday, SFLM stock fell 10% to $0.0010 with more than 72.66 million shares, compared to its average volume of 36.85 million shares. The stock moved within a range of $0.0010 – 0.0012 after opening trade at $0.0012.
SFLMaven Announces Record Setting Performance in March 2022
It should be noted that it took the total gains over the course of the past week to as much as 16%. The company came into focus on Friday after it made an announcement with regards to its performance in the month of March this year.
SFLMaven managed to clock year on year growth of as much as 51% for the month of March and the total value of top line sales stood at as much as $1.21 million. It should be noted that the figure remains unaudited.
However, at the same time, the company also noted that it was on course to hit its yearly top line sales target of more than $14.4 million. Last but not the least, investors ought to note that the figures might change once the auditing is completed. At this point in time, it could be a good move to keep the stock in your watch lists.
Key Quote
“So many factors are coming together this year, but the most important appears to be our market positioning,” reported Joseph Ladin, CEO of SFLMaven. “Most of our competitors are seeing volume and pricing offset by supply chain limitations. Because we aren’t dependent on complex logistics or manufacturing dynamics, our model has created a tremendous opportunity to pick up market share, and we are delivering on that premise and picking up record numbers of new and repeat customers along the way, suggesting this period is not only offering SFLMaven a windfall on pricing and volume but a sticky competitive advantage on branding and market identity.”
Traders Review
SFLM stock is trading below the 20-Day and 50-Day Moving averages of $0.0011 and $0.0013 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0029.
