$HUBC is in Critically Undervalued Territory
$HUBC has proven to be one of the highest trending stocks in March in terms of both trade volume as well as conversation volume for social retail investors. The company finally completed a nearly year-long SPAC deal with RNER, and commenced trading on NASDAQ on March 1st under its current symbol. Price action has seen its fair share of volatility since, with a couple days of >25M trade volume, trading halts, and a roller-coaster ride for current shareholders and potential investors alike. I've been following the ups and downs of the past few weeks and have been waiting for an opportunity to make a move. Here are some of the reasons why I think HUBC is mega undervalued and primed for a recovery:
1) Technicals: look at that chart. RSI is currently sitting around 35 (super undervalued), while MACD has marked a bullish histogram reversal last Wednesday, and seems poised for a bullish intercept of the signal lines next week. Meanwhile, recent short data shows that naked shorts have shamelessly been depressing HUBC share value. Putting these different factors together, HUBC is looking undervalued and on the brink of a bullish reversal. Keep an eye out.
2) Macro-global momentum. HUBC specializes in developing military-grade confidential computing solutions at the hardware, software, and consultancy & advisory levels. They have an A-list of current clients, ranging from European central banks to VISA to major insurance companies to defense contractors (Lockheed Martin) as well as the Pentagon itself. Pair this with the fact that the US Whitehouse recently announced a long-term strategy of heavy public sector investment in upgrading US cyber security capabilities, and HUB's deal flow over coming years looks all but secured. They also recently appointed an former Deputy Secretary at Department of Defense, John C. Rogers, to its board of advisors. The connections this guy will bring to the table in terms of potential defense deals is a game changer for HUB, and should help catalyze their penetration of the US market.
3) FUD. I've been watching HUBC's chart as well as conversation on finTwit and StockTwits over the past few weeks, and its a classic case of the market losing its head over an attractive new listing. Discord-group pumpers are out in force, and off-exchange volume and high SIR indicates that the hedge fund darkpools are having a field day with the hype around HUBC at the retail level. That said, 90% of the information I'm seeing swirling is either baseless or intended to scare. Look at the prospectus, look at the SEC filing, look at the company's history, and decide for yourself. My take is that this is a blue-chip cyber stock in the making that, with time and deal flow, has the potential to be the next CHKP or PANW.
On the basis of these points, HUBC is looking very attractive, particularly at its current share price of $1.30. This stock has definite long-term potential, and I for one intend on sticking around to see where this confidential computing disruptor is bound once the hype around the listing dies down. This is not financial advice, so DYOR and read the documents yourself. Yolo.
1) Technicals: look at that chart. RSI is currently sitting around 35 (super undervalued), while MACD has marked a bullish histogram reversal last Wednesday, and seems poised for a bullish intercept of the signal lines next week. Meanwhile, recent short data shows that naked shorts have shamelessly been depressing HUBC share value. Putting these different factors together, HUBC is looking undervalued and on the brink of a bullish reversal. Keep an eye out.
2) Macro-global momentum. HUBC specializes in developing military-grade confidential computing solutions at the hardware, software, and consultancy & advisory levels. They have an A-list of current clients, ranging from European central banks to VISA to major insurance companies to defense contractors (Lockheed Martin) as well as the Pentagon itself. Pair this with the fact that the US Whitehouse recently announced a long-term strategy of heavy public sector investment in upgrading US cyber security capabilities, and HUB's deal flow over coming years looks all but secured. They also recently appointed an former Deputy Secretary at Department of Defense, John C. Rogers, to its board of advisors. The connections this guy will bring to the table in terms of potential defense deals is a game changer for HUB, and should help catalyze their penetration of the US market.
3) FUD. I've been watching HUBC's chart as well as conversation on finTwit and StockTwits over the past few weeks, and its a classic case of the market losing its head over an attractive new listing. Discord-group pumpers are out in force, and off-exchange volume and high SIR indicates that the hedge fund darkpools are having a field day with the hype around HUBC at the retail level. That said, 90% of the information I'm seeing swirling is either baseless or intended to scare. Look at the prospectus, look at the SEC filing, look at the company's history, and decide for yourself. My take is that this is a blue-chip cyber stock in the making that, with time and deal flow, has the potential to be the next CHKP or PANW.
On the basis of these points, HUBC is looking very attractive, particularly at its current share price of $1.30. This stock has definite long-term potential, and I for one intend on sticking around to see where this confidential computing disruptor is bound once the hype around the listing dies down. This is not financial advice, so DYOR and read the documents yourself. Yolo.