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Wednesday, May 25, 2022

Mobiquity Technologies, Inc. (MOBQ) Stock on Bearish Roll Giving Back the Gains Following Selection by A-Nation.

Mobiquity Technologies, Inc. (MOBQ) is a next-gen, Platform-as-a-Service business for advertising and data. Its shares price gained pace by 5.24% to remain at $2.21 at the closing of Thursday’s regular trading. The price dropped in today’s premarket session by 9.05%. The current stock price as of the writing stands at $9.05.


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MOBQ: Recent Developments

MOBQ reported on its selection by A-Nation to provide it with data and programmatic promotion. The company has been selected for the advertising of A-Nation’s brand awareness associated with its cryptocurrency, NFTs, and motion pictures. The company updated on the appointment of Kade Vu as a crypto entrepreneur at A-Nation. Both parties intend to use cryptocurrency to drive filmmaking. In addition, A-Nation will offer NFTs directly associated with to cast, BTS, a day on the set, and red carpet will all be available on A-MARKET.

MOBQ: Industry Outlook

The stocks in the communication services provider business had the highest percentages of Buy ratings at the conclusion of the quarter which is 62%, by following the ratings at the sector level. Approximately all the main indexes recorded their two years’ worst performance due to several factors including growing interest rates, mounting geopolitical tensions, and disturbances in supply-chain, which reduced investor sentiment.

MOBQ: Company Outlook

MOBQ is ranked better than 60% of the stocks in the advertising agency industry. The company will hold its earnings release call on May 9, and the company recorded an EPS of -$4.98 over the last year. The company also provided updates on the conversion of over $2 million in debt into equity at the start of April. Also, it made major changes to its executive management by appointing board members and Chief Operations and Strategy Officer in December.

Conclusion

MOBQ stock is in good shape for the past month as it outperformed by 37% during the duration. The company announced its selection by A-Nation and its stock gained in yesterday’s trading session. The company’s stock is down in today’s premarket session to give back some of the gains it made after the optimistic news.

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