Not only is the company apparently massively undervalued relative to its operational trajectory and market positioning, but the stock is starting to show signs of being poised for dramatic upside potential.
After breaking its former downtrend line in a technical basing formation, NGTF shares (and there are only about 35 million of them rattling around on the float) just broke above a range resistance barrier. That breakout following a three-point bullish divergence in MACD and RSI, meaning that momentum has been turning higher under the surface for some time.
Key Points: • NGTF has secured ice cream distribution in multiple Top-10 supermarket chains in the United States • NGTF has a small trading float of just 35M, which suggests the stock could launch higher on any additional influx of interest. • NGTF is making real money, with trailing revs already coming in at 456K. • NGTF is starting to see major topline growth, with quarterly y/y revs increasing at 102%, and q/q revs growing at 275%. • NGTF’s biggest shareholder has agreed to a long-term share lock-up agreement, keeping the stock free of heavy supply on future rallies. • NGTF is coming off three-point bullish divergences in both MACD and RSI indicators after breaking its prior downtrend line.
The chart agrees with the fundamentals right now in NGTF: the company appears to be a potential billion-dollar brand still selling equity under the guise of a $20 million holdings company. That may present an enormous opportunity for current and prospective investors in ahead of the crowd on future growth revelations.
Nightfood has already achieved brand attention and an expanding distribution footprint. As the scope and reach of sales increases, one might expect the cost per unit to dive and the market to suddenly find itself trying to price a rapidly growing profitable company being approached by bigger brands in search of an acquisition target.
The huge problem this company has is not the idea, it's the product.
Consumers are moving at a fast pace away from and towards Organic, Non-GMO products / snacks and moving rapidly away from products like what this company is pushing,
Have you seen the ingredients? Corn Starch...this is where a lot of the GMO comes from.
The executives at this company must be clueless because if they had a brain, they would be re-branding the company and moving it into the Organic industry where there is Billions of real money to be made.
Have you tried Organic Doritos yet? Frito hit a home run and they keep moving forward with the roll-out of Organic snacks that have less junk and better ingredients.
Best of luck with your trades!
DollaBillYall
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@stockkid, To be clear only 2 of the 8 flavors contain Corn Starch and “modified” in modified corn starch (and other types of modified starches) does not stand for genetically modified. In this context, “modified” simply means that the corn starch has been changed or altered in some way to make it more useful in food production. This could mean: Roasting the starch.
No one is doing what NGTF is doing in this space. Also, look at the team - especially Jim Christensen. It’s not just a great, innovative product but the strength of the team that will sustain positive growth for a long time.
The huge problem this company has is not the idea, it's the product.
Consumers are moving at a fast pace away from and towards Organic, Non-GMO products / snacks and moving rapidly away from products like what this company is pushing,
Have you seen the ingredients? Corn Starch...this is where a lot of the GMO comes from.
The executives at this company must be clueless because if they had a brain, they would be re-branding the company and moving it into the Organic industry where there is Billions of real money to be made.
Have you tried Organic Doritos yet? Frito hit a home run and they keep moving forward with the roll-out of Organic snacks that have less junk and better ingredients.
Best of luck with your trades!