Blue Calypso, Inc. (OTCBB:BCYP)’s Upward Streak Has a Few Dents
Blue Calypso, Inc, (OTCBB:BCYP) is one of those companies that has these press releases that suggest they are a big deal. Well they currently aren’t that big of a deal and to be honest most of what they do is initiate lawsuits against other companies that are allegedly infringing their patents. We might say that even though they won a dispute with MyLikes concerning such patents Yelp and Groupon might prove to be too big of a bite to swallow.
Their stock movements aren’t that convincing either. The chart of BCYP looks like a folk tracery with its red white and black candles that show the inconsistent movement of their stock’s price. Volumes are jumping up and down too, so we might say that they are somewhat risky.
Yesterday’s trade session went well for BCYP and they are generally moving upward from a little over 2 weeks. They had some sessions in the red during this climb, but those didn’t really do much more than slow the ascent. Yesterday BCYP‘s stock gathered another 16% in value as the stock progressed from $0.163 to $0.1895.
With an average volume of 775 thousand we might say that the 2 million shares that switched hands yesterday were a lot, but the interest in the stock didn’t manage to push the price down. Instead of that the volume combined with the upward movement in price helped generate a total trade value of $360 thousand for the day. Today, however, isn’t really going that good for them as they started sliding in a downward direction and are currently at $0.187 per share
They seem to be headed for the big money, but let’s take a look at what they really have at the moment with the numbers of prime interest from their quarterly report covering this year’s Q1.
- cash: $64 thousand
- total current assets: $83 thousand
- current liabilities: $515 thousand
- total liabilities: $1.4 million
- quarterly revenue: $10 thousand
- net loss: $970 thousand
They are not in the brightest of financial states, but at least they have some revenues. These revenues, however, are quite little and just can’t make up for the costs that the company has, which makes their stock very risky to invest in. If you are on another opinion be sure to do your due diligence and weigh out all the risks before making an investment choice.
On the other hand yesterday’s trade session went extremely well for Soul and Vibe Interactive Inc (OTCBB:SOUL) who gained 60% on a massive volume of 5.3 million traded shares, which helped them generate $5.1 million in trade value. Today they are continuing to move up and have gained 17% by now with a current price of $1.34 per share.
Probably the biggest winner of yesterday’s session, however, was Petron Energy II (OTCBB:PEII) who gained a whopping 525% yesterday, but are not doing so good in today’s market as they are 20% down, currently being traded at $0.0600.
