Sunday, March 26, 2023
HomePenny StockTech Shares To Purchase This Month - BOMO Inventory

Tech Shares To Purchase This Month – BOMO Inventory

Bowmo Inc. (OTC: BOMO), previously generally known as Cruzani, Inc (CZNI), is an rising HR tech firm that gives software program options for staffing and recruiting industries. Following its reverse merger with CZNI in June, BOMO inventory has been gaining buyers’ consideration due to the potential supplied by the corporate’s providers. With the corporate’s identify and ticker modifications set to be efficient immediately, many buyers are bullish BOMO inventory could possibly be top-of-the-line tech shares to purchase this month.

BOMO Inventory Information

After beforehand sharing its plans for NASDAQ itemizing sooner or later, BOMO has been working to develop its enterprise to attain this goal. With this in thoughts, BOMO just lately secured a brand new enterprise account from its shopper – Endeavor Group Holdings, Inc. (NYSE: EDR). As a world chief in sports activities and leisure, EDR has a number of subsidiaries together with The William Morris Company, IMG Academy, and UFC. Primarily based on this, working intently with an organization of EDR’s caliber may convey in additional distinguished purchasers to BOMO’s V-RPO platform. 

On that notice, BOMO has been one in all EDR’s HR distributors since September 2021 and has offered its providers to various subsidiaries together with Endeavor Digital, Subsequent School Scholar Athlete (NCSA), IMG Academy, On Location, and Endeavor Streaming. Nonetheless, BOMO’s current take care of EDR to seek out certified candidates for senior IT positions for its corporations in Bulgaria, Lithuania, Estonia, Croatia, Czech Republic, Austria, Finland, Poland, and Germany. 

Since this deal supplies BOMO with a gateway to enter the EU market, the corporate has capitalized on this enlargement alternative and is ramping up its enlargement into the EU. As well as, BOMO is presently engaged in retaining Ukrainian recruiters to speed up the attain of certified candidates in focused EU markets. In the meantime, BOMO is outsourcing Ukraine-based skilled recruiters to assist within the preselection of certified candidates for EDR’s corporations within the EU. As the corporate is positioning itself to safe a share of the EU recruiting market, BOMO could possibly be top-of-the-line tech shares to purchase at its present low PPS due to its substantial development potential.

Along with securing offers and increasing globally, BOMO has plans to additional develop by way of a focused rollup technique which incorporates buying different smaller companies within the trade and including them underneath its umbrella. Primarily based on this technique, BOMO elevated its AS from 20 billion to 40 billion shares to have the ability to finance this technique. Whereas providing these shares may negatively impression shareholders’ worth, investing these funds may permit BOMO to extend its revenues, model recognition, and market share. For that reason, transferring ahead with this technique may compensate shareholders for any potential dilution. Since this technique may permit the corporate to attain its goal of uplisting to the NASDAQ, BOMO inventory could possibly be top-of-the-line tech shares to purchase in anticipation of the rollout of this technique.

In the meantime, BOMO is changing into one of many tech shares to purchase now as the corporate is getting ready to commerce underneath its new identify and ticker immediately. As this might permit for BOMO’s worth to be mirrored to new buyers and establishments, BOMO inventory could possibly be poised to run on the information – making it one of many tech shares to purchase immediately.

BOMO Inventory Financials

Based on its Q2 financials, BOMO has $284.8 thousand in belongings consisting of money and money equivalents solely. In the meantime, the corporate has $3.6 million in liabilities of which $3.3 million are present liabilities. As for revenues, BOMO reported $61.1 thousand. Nonetheless, BOMO incurred $316.9 thousand in working prices – resulting in a $286.9 thousand internet loss. Whereas these numbers could also be underwhelming, BOMO’s long-term potential in disrupting the HR tech trade may permit the corporate to witness important monetary development.

@cdntradegrljenn is bullish BOMO is a purchase forward of its identify and ticker change.

@InvestmentGuru_ is assured BOMO may surge upon its anticipated identify and ticker change.

Technical Evaluation

tech stocks to buy CZNI stock BOMO stock chart

BOMO inventory is presently buying and selling at a powerful resistance at $.0006 and reveals different resistance at ,0008 and .0010. In the meantime, BOMO has helps at .0004 and .0002. With the corporate getting ready to begin buying and selling underneath its new identify and ticker immediately, BOMO has the potential to run as many buyers are bullish on this identify change. With this in thoughts, BOMO is buying and selling at a powerful resistance which it has just lately retested. For that reason, bullish buyers may look ahead to this resistance to show to assist earlier than including shares. Buyers may additionally add to their positions close to $.0004 which seems to be a powerful assist.

tech stocks to buy CZNI stock BOMO stock chart

Contemplating BOMO’s long-term plans, accumulation is trending upwards and the MACD is bullish to the upside. The RSI is presently at 61 which leaves sufficient room for the inventory to run on excessive quantity. BOMO has an OS of 18.5 billion and a float close to 17.7 billion.

BOMO Inventory Forecast

With the HR tech trade rising quickly all through the world, BOMO seems to be well-positioned to capitalize on this development by way of its EU enlargement efforts. With this in thoughts, BOMO is already exhibiting encouraging indicators domestically because it is likely one of the foremost HR distributors for EDR. As the corporate’s EU enlargement is principally because of its relationship with EDR, BOMO could possibly be on observe to draw further excessive caliber purchasers. In the meantime, buyers are more and more bullish on BOMO’s identify and ticker change which can turn into efficient immediately. In mild of this, BOMO could possibly be one of many tech shares to purchase as soon as it begins buying and selling underneath its new identify and ticker.

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