As its hearing with the NASDAQ for an extension to regain compliance is underway, Mobiquity Technologies, Inc. (NASDAQ: MOBQ) could be one to watch closely this week as it could be poised to have a delisting run. Meanwhile, if an extension is granted, MOBQ stocks could be one of the election stocks to buy as the election season is approaching thanks to its new AI-powered platform – ElecTech.
MOBQ Fundamentals
NASDAQ Compliance
MOBQ requested a delisting hearing with NASDAQ owing to MOBQ not reaching the minimum stockholders’ equity requirement of $2.5 million. At the same time, MOBQ is not in compliance with the NASDAQ minimum bid price requirement of $1 and it failed to gain shareholders’ approval to effect a reverse split. In this way, MOBQ will have to increase its share price organically to maintain its NASDAQ listing.
With that in mind, MOBQ stock may go on a delisting run similar to Ideanomics, Inc. (NASDAQ: IDEX) when it ran 205% last April after requesting a hearing with the NASDAQ panel. Given the similarities in both situations, MOBQ could be one of the election stocks poised to surge this week if it gains enough momentum especially since it has a low float of 18.8 million.
Election Season
Avoiding delisting is a priority for MOBQ especially since the presidential election season is approaching and multiple campaigns have started for the 2024 presidential elections. The 2024 elections will garner a lot of interest since both President Biden and Trump have announced that they are running for president in 2024 suggesting a potential rematch of the 2020 election which would be the first presidential rematch since 1956. That would indicate that MOBQ would thrive amidst all the interest this election will garner as one of the election stocks.
Moreover, Mississippi, Louisiana, and Kentucky will also be looking to elect their new governors and attorneys general. That, coupled with the presidential elections, could mean that MOBQ is looking for a busy season in the next couple of months as political campaigns begin to ramp up.
New AI Products
All of these political campaigns can help MOBQ showcase its new products as one of the election stocks. Since political campaigns are a big part of MOBQ’s business, it has recently released its new AI-powered platform – ElecTech – which will significantly improve political ad targeting and is designed to be a one-stop solution for modern political campaigns. MOBQ also announced new AI integration in its privacy-centric advertising platform, ATOS 2.0, which would enable ATOS 2.0 to optimize ad bidding and targeting.
This new direction of incorporating AI in its new and existing products can prove fruitful for MOBQ, especially since AI stocks have been gaining a lot of interest lately, and MOBQ stock would be a cheap AI stock for new investors wanting to ride the rising AI wave.
MOBQ Financials
In its Q1 2023 report, MOBQ’s assets increased 80% QoQ from $2.6 million to $4.7 million, and its cash and cash equivalents increased almost 890% QoQ from $0.22 million to $2.1 million. MOBQ’s total liabilities decreased 4% QoQ from $2.6 million to $2.5 million.
Revenue also declined 75% from $542 thousand to $132 thousand. Operating losses decreased nearly 28% YoY from $1.8 million to $1.3 million, which amounted to a net loss of $1.7 million – a 30% decrease YoY.
Technical Analysis
MOBQ stock’s trend is neutral with the stock trading in a sideways channel between $0.1635 and $0.1783. Looking at the indicators, the stock is trading below the 21 and 50 MAs, which are bearish indications and is retesting the 200 MA as support. Meanwhile, RSI is neutral at 49 and the MACD is neutral.
As for the fundamentals, MOBQ stock just witnessed a catalyst with its new AI-powered ElecTech. Additionally, MOBQ stock future catalysts will be tied to the start of presidential campaigns and other political campaigns in Mississippi, Louisiana, and Kentucky as MOBQ stock is one of the election stocks.
MOBQ Forecast
With the election season approaching, MOBQ may garner a lot of attention as political campaigns begin to ramp up. Furthermore, MOBQ has recently announced its new AI-powered platform, ElecTech, making MOBQ a cheap AI stock option amidst the huge interest AI stocks have been gaining recently. MOBQ may have hit the jackpot with the timing of its new products as the election season approaches and AI stocks continue to gain interest from investors.
However, the main catalyst for MOBQ at the moment is its hearing with the NASDAQ panel for an extension to regain compliance. Given that delisting plays could get popular, MOBQ stock is one of the election stocks to watch closely this week in anticipation of a run.
MOBQ Fundamentals
NASDAQ Compliance
MOBQ requested a delisting hearing with NASDAQ owing to MOBQ not reaching the minimum stockholders’ equity requirement of $2.5 million. At the same time, MOBQ is not in compliance with the NASDAQ minimum bid price requirement of $1 and it failed to gain shareholders’ approval to effect a reverse split. In this way, MOBQ will have to increase its share price organically to maintain its NASDAQ listing.
With that in mind, MOBQ stock may go on a delisting run similar to Ideanomics, Inc. (NASDAQ: IDEX) when it ran 205% last April after requesting a hearing with the NASDAQ panel. Given the similarities in both situations, MOBQ could be one of the election stocks poised to surge this week if it gains enough momentum especially since it has a low float of 18.8 million.
Election Season
Avoiding delisting is a priority for MOBQ especially since the presidential election season is approaching and multiple campaigns have started for the 2024 presidential elections. The 2024 elections will garner a lot of interest since both President Biden and Trump have announced that they are running for president in 2024 suggesting a potential rematch of the 2020 election which would be the first presidential rematch since 1956. That would indicate that MOBQ would thrive amidst all the interest this election will garner as one of the election stocks.
Moreover, Mississippi, Louisiana, and Kentucky will also be looking to elect their new governors and attorneys general. That, coupled with the presidential elections, could mean that MOBQ is looking for a busy season in the next couple of months as political campaigns begin to ramp up.
New AI Products
All of these political campaigns can help MOBQ showcase its new products as one of the election stocks. Since political campaigns are a big part of MOBQ’s business, it has recently released its new AI-powered platform – ElecTech – which will significantly improve political ad targeting and is designed to be a one-stop solution for modern political campaigns. MOBQ also announced new AI integration in its privacy-centric advertising platform, ATOS 2.0, which would enable ATOS 2.0 to optimize ad bidding and targeting.
This new direction of incorporating AI in its new and existing products can prove fruitful for MOBQ, especially since AI stocks have been gaining a lot of interest lately, and MOBQ stock would be a cheap AI stock for new investors wanting to ride the rising AI wave.
MOBQ Financials
In its Q1 2023 report, MOBQ’s assets increased 80% QoQ from $2.6 million to $4.7 million, and its cash and cash equivalents increased almost 890% QoQ from $0.22 million to $2.1 million. MOBQ’s total liabilities decreased 4% QoQ from $2.6 million to $2.5 million.
Revenue also declined 75% from $542 thousand to $132 thousand. Operating losses decreased nearly 28% YoY from $1.8 million to $1.3 million, which amounted to a net loss of $1.7 million – a 30% decrease YoY.
Technical Analysis
MOBQ stock’s trend is neutral with the stock trading in a sideways channel between $0.1635 and $0.1783. Looking at the indicators, the stock is trading below the 21 and 50 MAs, which are bearish indications and is retesting the 200 MA as support. Meanwhile, RSI is neutral at 49 and the MACD is neutral.
As for the fundamentals, MOBQ stock just witnessed a catalyst with its new AI-powered ElecTech. Additionally, MOBQ stock future catalysts will be tied to the start of presidential campaigns and other political campaigns in Mississippi, Louisiana, and Kentucky as MOBQ stock is one of the election stocks.
MOBQ Forecast
With the election season approaching, MOBQ may garner a lot of attention as political campaigns begin to ramp up. Furthermore, MOBQ has recently announced its new AI-powered platform, ElecTech, making MOBQ a cheap AI stock option amidst the huge interest AI stocks have been gaining recently. MOBQ may have hit the jackpot with the timing of its new products as the election season approaches and AI stocks continue to gain interest from investors.
However, the main catalyst for MOBQ at the moment is its hearing with the NASDAQ panel for an extension to regain compliance. Given that delisting plays could get popular, MOBQ stock is one of the election stocks to watch closely this week in anticipation of a run.