The stock of Perk.com Inc (TSE:PER) reached all time low today, Sep, 14 and still has $2.33 target or 10.00% below today’s $2.59 share price. This indicates more downside for the $55.01 million company. This technical setup was reported by Barchart.com. If the $2.33 PT is reached, the company will be worth $5.50 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 1.89% or $0.05 on September 13, hitting $2.59. About 56,144 shares traded hands or 172.19% up from the average. Perk.com Inc (TSE:PER) has declined 29.60% since February 5, 2016 and is downtrending. It has underperformed by 46.09% the S&P500.
Perk.com Inc. , formerly Mira VI Acquisition Corp., is a cloud mobile rewards platform provider. The company has a market cap of $55.01 million. The Firm provides the Perk Rewards Platform, which is available through a suite of owned and operated applications and Websites, as well as third-party applications and Websites, where clients can interact to earn Perk Points. It currently has negative earnings. Perk Points are collected by users of applications and Websites and then redeemed for digital gift cards and consumer goods.
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