Notable Stock to Watch: SRAX (NASDAQ:SRAX)

SRAX (NASDAQ:SRAX), stock identified change of 128.39% away from 52-week low price and recently located move of -39.49% off 52-week high price. It has market worth of $44.07M. SRAX stock has been recorded -18.50% away from 50 day moving average and -1.70% away from 200 day moving average. Moving closer, we can see that shares have been trading -11.31% off 20-day moving average.

On Aug. 14, 2019, SRAX (NASDAQ:SRAX) a digital marketing and consumer data management and distribution technology platform company, disclosed results for the three months ended June 30, 2019.

We continue to build our data assets through increasing adoption of our verticals and BIGtoken, stated SRAX’s CEO and Founder Christopher Miglino. These proprietary platforms are positioned to generate long-term revenue and value. During the quarter, we made substantial technology advancements in the SRAX IR platform and BIGtoken. SRAX IR is a perfect example of the type of platform that we believe will deliver long term recurring revenue, while building one of the most valuable data sets in the financial markets.

BIGtoken is the leading edge of the new data economy. Our global and diverse BIGtoken subscriber base experienced viral growth in April and reached 15.9 million users as of this week.  During the third quarter, we began to monetize our BIGtoken users, as we engaged with brands and several marketing agencies. Now, we are focused on increasing scale within certain data segments in specific countries. In addition, our discussions with advertisers and agencies have uncovered new revenue opportunities that leverage our high-quality user data. Through building what we predict will be one of the most valuable opt-in data sets in the world, we are well positioned to generate long-term revenue and value for shareholders.

The Services sector company, Social Reality noticed change of 1.43% to $3.54 along volume of 161889 shares in recent session compared to an average volume of 147.19K. The stock observed return of -6.60% in 5 days trading activity. The stock was at -25.32% over one month performance. SRAX’s shares are at -29.90% for the quarter and driving a -25.79% return over the course of the past year and is now at 73.53% since this point in 2018.

The average volatility for the week at 9.15% and for month was at 8.12%. There are 12.45M shares outstanding and 10.91M shares are floated in market. Right now the stock beta is 2.18.

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