Already up 79% since the start of June, HIRU Corporation (OTC: HIRU) could be poised to continue on its bullish run thanks to two notable reasons. The first is the fact that it obtained a series of partnerships that provide it with millions in revenues and position it as a noteworthy player in the market. The second is a mass share buyback of HIRU stock which in turn might cause the stock to maintain its steady momentum. As things stand, HIRU stock is well-positioned to continue on its uptrend as a result of its growing business and dwindling float.
HIRU Fundamentals
Securing Deals
Over the course of the year, HIRU accumulated two noteworthy co-packing agreements, one with Voss and the other with BLK. Voss for the uninitiated is a high end bottled water producer known for its cylindrical bottle. On the other hand, BLK is the fastest growing flavored water brand in the US. The brand is known for the dark black color of its water and its flavors’ catchy names like dirty lemon or black cherry.
That said, these two brands are dominant players in the bottled water industry and by signing co-packaging agreements with these brands HIRU has effectively increased its notoriety in the bottled water industry and is likely to obtain substantial profits from these deals. As things stand, HIRU is poised to make millions from the VOSS deal alone which is extremely promising for HIRU stock.
Share Buyback
In an effort to increase the HIRU stock price, the company is buying back a sizable quantity of shares in order to lower the stock’s 1.9 billion float and increase demand for its shares in accordance with the law of supply and demand. So far, HIRU managed to buy back 12.5 million shares in May and 9 million shares so far in June. All in all, HIRU managed to buy back 21.5 million shares which is a good start though it doesn’t scratch the surface of the stock’s 1.9 billion float. That said, HIRU shows no sign of ending its current buybacks anytime soon
As things stand, the stock may experience positive catalysts in the near future as a result of its increased revenue and new deals due to its increased notoriety. These catalysts would then have an easier time influencing the stock due to its shrinking float.
HIRU Financials
According to its Q1 financial report, HIRU’s assets increased QoQ from $8.5 million to $9.3 million. Its cash balance also increased QoQ from $28.4 thousand to $38.7 thousand. On the other hand, its liabilities decreased from $2.9 million to $2.2 million.
HIRU’s income statement clearly depicts its substantial gains while illustrating its struggle with upscaling. Its revenue quadrupled YoY from $1.8 million to $4.9 million. That said, its cost of sales also increased substantially from $584 thousand to $2.94 million which is a clear indicator of upscaling struggles. A clearer indicator of these struggles is its operating expenses which increased from $345 thousand to $1.5 million. Due to these upscaling issues, HIRU’s net profit decreased from $942 thousand to $380 thousand.
Technical Analysis
HIRU stock is in a bullish trend and is trading in an upward channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 61 and the MACD is approaching a bullish crossover.
As for the fundamentals, HIRU stock is poised to increase its revenues due to two major co-packaging agreements with VOSS and BLK. These agreements have also increased HIRU’s notoriety, and as a result, these deals may lead to additional deals in the future. Additionally, HIRU is currently in the midst of its stock buyback efforts in order to lower its massive float. For these reasons, HIRU stock could continue climbing over the course of this week – especially with the stock gaining momentum among Fintwit investors.
HIRU Forecast
As is, HIRU stock has two things going for it. The first is its new deals with VOSS and BLK which in turn may likely result in greater revenue and a boost in notoriety. The second is HIRU’s current stock buyback which may cause the stock’s PPS to rise due to the law of supply and demand. Additionally, its shrinking float means that the stock could be more easily influenced by catalysts like additional deals due to increased notoriety and improved revenues due to the recent deals.
HIRU Fundamentals
Securing Deals
Over the course of the year, HIRU accumulated two noteworthy co-packing agreements, one with Voss and the other with BLK. Voss for the uninitiated is a high end bottled water producer known for its cylindrical bottle. On the other hand, BLK is the fastest growing flavored water brand in the US. The brand is known for the dark black color of its water and its flavors’ catchy names like dirty lemon or black cherry.
That said, these two brands are dominant players in the bottled water industry and by signing co-packaging agreements with these brands HIRU has effectively increased its notoriety in the bottled water industry and is likely to obtain substantial profits from these deals. As things stand, HIRU is poised to make millions from the VOSS deal alone which is extremely promising for HIRU stock.
Share Buyback
In an effort to increase the HIRU stock price, the company is buying back a sizable quantity of shares in order to lower the stock’s 1.9 billion float and increase demand for its shares in accordance with the law of supply and demand. So far, HIRU managed to buy back 12.5 million shares in May and 9 million shares so far in June. All in all, HIRU managed to buy back 21.5 million shares which is a good start though it doesn’t scratch the surface of the stock’s 1.9 billion float. That said, HIRU shows no sign of ending its current buybacks anytime soon
As things stand, the stock may experience positive catalysts in the near future as a result of its increased revenue and new deals due to its increased notoriety. These catalysts would then have an easier time influencing the stock due to its shrinking float.
HIRU Financials
According to its Q1 financial report, HIRU’s assets increased QoQ from $8.5 million to $9.3 million. Its cash balance also increased QoQ from $28.4 thousand to $38.7 thousand. On the other hand, its liabilities decreased from $2.9 million to $2.2 million.
HIRU’s income statement clearly depicts its substantial gains while illustrating its struggle with upscaling. Its revenue quadrupled YoY from $1.8 million to $4.9 million. That said, its cost of sales also increased substantially from $584 thousand to $2.94 million which is a clear indicator of upscaling struggles. A clearer indicator of these struggles is its operating expenses which increased from $345 thousand to $1.5 million. Due to these upscaling issues, HIRU’s net profit decreased from $942 thousand to $380 thousand.
Technical Analysis
HIRU stock is in a bullish trend and is trading in an upward channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 61 and the MACD is approaching a bullish crossover.
As for the fundamentals, HIRU stock is poised to increase its revenues due to two major co-packaging agreements with VOSS and BLK. These agreements have also increased HIRU’s notoriety, and as a result, these deals may lead to additional deals in the future. Additionally, HIRU is currently in the midst of its stock buyback efforts in order to lower its massive float. For these reasons, HIRU stock could continue climbing over the course of this week – especially with the stock gaining momentum among Fintwit investors.
HIRU Forecast
As is, HIRU stock has two things going for it. The first is its new deals with VOSS and BLK which in turn may likely result in greater revenue and a boost in notoriety. The second is HIRU’s current stock buyback which may cause the stock’s PPS to rise due to the law of supply and demand. Additionally, its shrinking float means that the stock could be more easily influenced by catalysts like additional deals due to increased notoriety and improved revenues due to the recent deals.