So, we think it’s wise to avoid the stock now.
How Does Vinco Ventures (BBIG) Stack Up Against its Peers?
While BBIG has an overall POWR Rating of F, one might want to consider taking a look at its industry peers, Société BIC SA (BICEY) and Ennis Inc. (EBF), which have an A (Strong Buy) rating.
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BBIG shares fell $0.19 (-2.69%) in premarket trading Tuesday. Year-to-date, BBIG has gained 414.60%, versus a 21.63% rise in the benchmark S&P 500 index during the same period.
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About the Author: Imon Ghosh
Imon is an investment analyst and journalist with an enthusiasm for financial research and writing.
Cryptyde is a blockchain-based business entity that has a business strategy focused on delivering gains through cryptocurrencies and NFTs.
The arrangement would see 1 share of Cryptyde being delivered for every 10 shares of BBIG, after which each stock would embark on an independent business trajectory, with resource allocation that is best suited as per its respective strategic visions. As a result of this news, Vinco has increasingly been under the market spotlight, with traders and investors closely watching the stock’s movements, with an eye out for any announcements by the Vinco management. In anticipation of the share dividend expected to take place in late May 2022, BBIG has been seeing increased buying activity within the market. May 6thsaw a 33% surge in the premarket session, following the announcement of the date of the share dividend transfer.
Is nft stock vinco ventures a good nft to own
InvestorPlace – Stock Market News, Stock Advice & Trading Tips
In many ways Vinco Ventures (NASDAQ:BBIG) stock perfectly epitomizes everything young investors look for. The selective acquisitions company maintains a focus on digital media and content technologies. BBIG stock recently skyrocketed from the $3 range to eclipse $10 over a span of just over a week.
A lot of that move has to do with the white-hot non-fungible tokens (NFT) space and Vinco Ventures’ position therein. The truth is that in the current turbulent market, BBIG stock certainly can rise higher.
There are plenty of signals that indicate that is the case. But at the same time, this is a gambler’s stock to be sure.
- Low stock price
- Small float
- High short interest (that’s Meade’s point, I think)
- Lots of momentum (which attracts mainstream interest)
The NFT Angle
Along with being a potential short-squeeze target, Vinco Ventures is intriguing because the company is getting involved with the red-hot NFT market.
For instance, a Vinco Ventures subsidiary pre-sold the first of three “exclusive Emmersive NFT’s” (E-NFT’s) to a private investor.
If you can believe it, the deal structure includes an initial payment of $2 million for the three-E-NFT set.
Furthermore, a subsidiary of Vinco Ventures reportedly plans to release “an exclusive NFT from superstar rapper, singer, songwriter and record producer Tory Lanez.”
I didn’t see the exact selling price of that NFT in the press release.
Moreover, BBIG’s trailing-12-month EV/S of 42.94x is 5,550% higher than JFIN’s 0.76x.
So, JFIN is the more affordable stock.
JFIN has an overall grade of A, which equates to a Strong Buy rating in our proprietary POWR Ratings system. On the other hand, BBIG has an overall grade of F, which translates to a Strong Sell rating. The POWR Ratings are calculated considering 118 different factors, with each factor weighted to an optimal degree.
JFIN has a grade of A for Sentiment, in sync with favorable analyst sentiment. On the other hand, BBIG has a D grade for Sentiment, consistent with unfavorable analyst sentiment.
JFIN has a B grade for Value, consistent with its trailing-12-month EV/S of 0.76x, 76.3% lower than the industry average of 3.21x.
It has also impacted the stock market of non-fungible tokens – NFTs which have grown significantly. Some of the areas in which NFTs/digital tokens are proving useful include the following.
The big deal about NFT’s rise is the interest of the entertainment and fashion industry in this area. The fashion icons and brands have led customers to invest much in NFTs.
The competition for limited supply has led to clients offering more than the actual price for the item’s ownership.
NFT is helping ensure the ownership of luxury items using the unique coding for each product. The digital record also shows that that asset is not counterfeited by other brands. It ensures a safe platform for the growth of fashion companies which has led to more people investing in it.
This includes trading platforms, blockchain technology developers, and marketing teams that give exposure to the industry as a whole.
An NFT ecosystem will help bring awareness about new distributed ledger technology that other companies can then use within this ecosystem.
One big part of such an ecosystem is digital art.
With a growing demand for individuals and organizations to produce and buy such assets, stocks related to art tend to be a good investment to look into.
What Are Some Great NFTs To Invest In?
Here are some of the best NFTs to invest in right now:
Cryptokitties: Cryptokitties is built on top of Ether and allows you to buy, sell and breed digital cats.
NASDAQ:BBIG) stock is on a wild ride this week with shares of the acquisition company running higher Friday.
We’ve seen positive stock just about all week long for BBIG stock and now shares are soaring even higher today. Part of that movement likely has to do with the company’s most recent earnings report. However, there are other factors at play here.
It’s no secret that Vinco Ventures is looking to strengthen its position in the non-fungible tokens (NFTs).
A subsidiary of the company focuses just on this and that has retail and crypto traders both taking an interest in BBIG stock.
But what do the experts have to say about BBIG stock? Let’s see what our own writers at InvestorPlace have to say about it.
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BBIG Stock Bulls
“Okay, so BBIG stock is a penny stock.
In addition, its 7.61x trailing-12-month Price/Sales ratio is 462.8% higher than the1.35x industry average.
Unfavorable POWR Ratings
BBIG has an overall F rating, which translates to Strong Sell in ourPOWR Ratingssystem. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight different categories. BBIG has a D grade for Quality. The stock’s negative profit margin is reflected in this grade.
Also, it has an F grade for Growth, which is consistent with the stock’s bleak financials and growth prospects.
In terms of Value Grade, BBIG has an F.
Big Stories to Watch.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.
We are confident our robust growth will sustain and positive trajectory in both loan growth, and asset quality will continue into the future.”
BBIG announced its subsidiary Emmersive Entertainment’s first-ever music streaming platform on August 4, 2021. The company’s CSO Brian McFadden said, “The launch of the Emmersive Platform, led by the limited-edition release of Tory Lanez’s latest album, is revolutionary. When combining this with the traffic that can be generated through Lomotif, we expect to build one of the largest NFT platforms in the music business.”
Recent Financial Results
JFIN’s net revenue increased 100.9% year-over-year to $76.23 million for the fiscal second quarter that ended June 30, 2021.
Its operating income grew 211.7% year-over-year to $23.17 million, while its net income increased 208.5% year-over-year to $19.64 million.
Find more: Nft nfts nfthowcroftreuters – Krypto-NFTs