The stock of Frankly Inc (CVE:TLK) hit a new 52-week low and has $0.35 target or 13.00% below today’s $0.40 share price. The 8 months bearish chart indicates high risk for the $13.09M company. The 1-year low was reported on Nov, 4 by Barchart.com. If the $0.35 price target is reached, the company will be worth $1.70 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 204,000 shares traded hands or 256.05% up from the average. Frankly Inc (CVE:TLK) has risen 6.00% since October 5, 2016 and is uptrending. It has outperformed by 4.91% the S&P500.
More notable recent Frankly Inc (CVE:TLK) news were published by: Prnewswire.com which released: “Frankly, Inc. Selects Operative Compete to Increase Programmatic Performance …” on June 15, 2016, also Marketwatch.com with their article: “Raycom Media Completes Previously Announced Financing Arrangements With …” published on September 01, 2016, Prnewswire.com published: “Frankly Appoints Media Titan Tom Rogers and Veteran Financial Expert Steve …” on October 03, 2016. More interesting news about Frankly Inc (CVE:TLK) were released by: Forbes.com and their article: “Why Silicon Valley Startup Frankly Listed On Canada’s Junior Stock Exchange …” published on February 11, 2016 as well as Prnewswire.com‘s news article titled: “Frankly Sets Third Quarter 2016 Conference Call for Tuesday, November 29, 2016 …” with publication date: November 04, 2016.
Frankly Inc., formerly WB III Acquisition Corp., is a Canada firm engaged in providing a software platform for brands and media companies to create, distribute, analyze and monetize their content across all of their digital properties on Web, mobile and television. The company has a market cap of $13.09 million. The Firm is a software-as-a-service well-known provider of content management and digital publishing software. It currently has negative earnings. The Firm provides a white-labeled, integrated software platform to media companies and brands, which use its technology to get their content onto multiscreen devices and enable digital advertising.
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