The ink isn't dry yet but proposed merger partner Fr8Hub is lending a helping hand thanks to reporting strong growth for 3 and 6-month operating results.
Second-quarter of 2021 revenues were approximately $5.9 million, up 394% compared to approximately $1.2 million in the prior-year period. Revenues for the six-month period ended June 30, 2021, were approximately $10.7 million, up 294% compared to approximately $2.7 million for the prior-year period.
Levels: Plotting the retracement using September's low, some interesting levels started to present themself. The 618 level has continued as support for weeks/months now then higher levels you can see that the 382 area is a key level too. it's been a constant point of resistance that HUSN has been denied at many times. Now that it's broken above this during premarket on 8/5, the logical next level would be the 236 right? In my opinion, it could be important to see where the next level of support sets up...will it test and bounce back from the 382 level or is this a clear shot to the 236?
"Cloud technology, IoT, AI, and AR have all become hot topics among investors. Emphasizing the potential of this pending merger, this month, Hudson announced that FreightHub reported preliminary Q1 revenue of $4.8M. This was a year-over-year increase of 216% and a quarterly record for the company.
'We have started 2021 off strong, with enhancements to our technology platform and increased sales force driving the record sales for 1Q21 and the launch of our Fr8Hub University,' FreightHub CEO Javier Selgas commented. Furthermore, with digital technology as a backbone to the Fr8Hub platform, the HUSN stock price saw a strong spark..."
Now we wait to see if this merger finalizes or not.
Quote Source & Read More: Hot Penny Stocks To Buy Next Week? 3 Tech Stocks For Your Watch List
Second-quarter of 2021 revenues were approximately $5.9 million, up 394% compared to approximately $1.2 million in the prior-year period. Revenues for the six-month period ended June 30, 2021, were approximately $10.7 million, up 294% compared to approximately $2.7 million for the prior-year period.
Levels: Plotting the retracement using September's low, some interesting levels started to present themself. The 618 level has continued as support for weeks/months now then higher levels you can see that the 382 area is a key level too. it's been a constant point of resistance that HUSN has been denied at many times. Now that it's broken above this during premarket on 8/5, the logical next level would be the 236 right? In my opinion, it could be important to see where the next level of support sets up...will it test and bounce back from the 382 level or is this a clear shot to the 236?
"Cloud technology, IoT, AI, and AR have all become hot topics among investors. Emphasizing the potential of this pending merger, this month, Hudson announced that FreightHub reported preliminary Q1 revenue of $4.8M. This was a year-over-year increase of 216% and a quarterly record for the company.
'We have started 2021 off strong, with enhancements to our technology platform and increased sales force driving the record sales for 1Q21 and the launch of our Fr8Hub University,' FreightHub CEO Javier Selgas commented. Furthermore, with digital technology as a backbone to the Fr8Hub platform, the HUSN stock price saw a strong spark..."
Now we wait to see if this merger finalizes or not.
Quote Source & Read More: Hot Penny Stocks To Buy Next Week? 3 Tech Stocks For Your Watch List