$GDVM Hot Penny Stocks To Invest In
Global Developments, Inc. (OTC: GDVM) has been climbing investors’ watchlists since last August after the CEO of VeeMost Technologies, LTD Melvin Ejiogu acquired it. Since announcing plans to merge with Veemost, GDVM has seen major runs – reaching new 52-week highs thanks to the potential Veemost brings to the company. With the merger finally closed, GDVM has the potential to continue soaring as it grows its business. With a number of catalysts right around the corner, GDVM could be one of the penny stocks to invest in ahead of these catalysts – especially at its current dip.
GDVM Fundamentals
After much anticipation, GDVM finally closed its merger with Veemost through the exchange of preferred shares. Following this deal, GDVM will be renamed to VeeMost Technologies Holdings, Inc. and has already submitted applications with FINRA to change its name, ticker, and CUSIP. Now that Veemost is a public company, the company could continue garnering investors’ interest thanks to its technical capabilities.
As one of the few tech companies in the US to achieve four or more Cisco advanced specializations, GDVM is on the right track to becoming a Cisco Gold Integrator Partner. If the company receives this designation, GDVM stock could become one of the best penny stocks to invest in for the long term.
With this in mind, GDVM intends to become a strategic partner for Cisco and other industry leaders by providing technical expertise in several disciplines. GDVM appears to be on track to realize this goal as it recently earned the Cisco Customer Experience Specialization. As part of this program, GDVM is now recognized for the value it provides across its entire customer lifecycle.
This is a tremendous validation of GDVM’s ability to help its customers achieve their business objectives and eliminate obstacles to their subscription renewals. By receiving this designation, GDVM could be set to become a Cisco premier partner as it now has all the required certifications to become a gold integrator. In light of this, GDVM could be a bargain for long-term investors at its current PPS.
Thanks to the company’s impressive tech capabilities, GDVM has been approved by a global telecommunications provider. In this way, GDVM could be poised to secure similar deals with other major companies which would substantially increase the company’s value to shareholders. As GDVM has not shared additional news regarding this deal, the stock could soar on the official announcement of the deal which makes GDVM an attractive investment at the current PPS.
On that note, GDVM could be poised to significantly appreciate in value as it looks to capture a portion of the global public cloud services market. With $490.3 billion spent in 2022, global spending on cloud services is expected to grow 21% this year. If GDVM is able to secure a share of this market, the company could be well-positioned to realize major revenues in the long term.
Moreover, GDVM is looking to secure a share in the cybersecurity market to further add to its potential revenues. In 2022, organizations spent $188.3 billion on information security products and services due to the extreme rise in cybersecurity incidents. Since this spending is expected to grow 12.4% this year, GDVM could find it extremely profitable to continue growing in this segment.
To secure a share in both markets, GDVM intends to launch its own cloud services and solutions in Q2 to make them available to organizations and consumers. At the same time, GDVM has strategic alliances with most industry-leading security vendors like Palo Alto Networks, Cisco, and other companies.
Furthermore, GDVM plans to acquire tech and cybersecurity companies to grow its presence in both markets. On that note, GDVM is currently in talks with 2 acquisition targets – with which the company expects to reach agreements in the near future. Given the scale of the company’s plans, GDVM could be one of the best penny stocks to invest in for the long term.
Technical Analysis
Currently trading at $.0870, GDVM has supports near .0858, .0739, .0651, and .0514. The stock also shows resistances near .0931, .1108, and its 52-week high of $.1370. Although the company recently shared positive news regarding the Cisco Customer Experience Specialization, GDVM dropped by as much as 66% near the $.04 level.
Considering the company’s long-term growth potential following its merger with Veemost, GDVM ran more than 90% from its low and could continue running this week. As the stock closed above its resistance, the current PPS could be an attractive entry for bullish investors considering GDVM’s upcoming catalysts including acquisitions and launching its cloud services and solutions.
Following GDVM’s massive dip, accumulation took a major hit, however, it appears to be rebounding to the upside. Similarly, the MACD is bearish but could be approaching a crossover soon. The RSI also climbed from 18 to 34 indicating that GDVM remains slightly oversold. In light of these indicators, GDVM could be poised for a major run from current levels which makes it an attractive buy at the current PPS. GDVM has an OS of 368.3 million and a float near 324.1 million.
GDVM Forecast
Now that the merger with Veemost is closed, GDVM presents an intriguing opportunity for bullish investors at the current PPS – especially following its recent dip. Considering the company’s plans for acquisitions and launching its own cloud services and solutions, GDVM has the potential to soar to new highs on these catalysts. Given that GDVM is a fully PCAOB audited company, the company could deliver on its target of NASDAQ listing once its business shows the anticipated results. With several catalysts right around the corner, GDVM could be one of the penny stocks to invest in at current levels.
GDVM Fundamentals
After much anticipation, GDVM finally closed its merger with Veemost through the exchange of preferred shares. Following this deal, GDVM will be renamed to VeeMost Technologies Holdings, Inc. and has already submitted applications with FINRA to change its name, ticker, and CUSIP. Now that Veemost is a public company, the company could continue garnering investors’ interest thanks to its technical capabilities.
As one of the few tech companies in the US to achieve four or more Cisco advanced specializations, GDVM is on the right track to becoming a Cisco Gold Integrator Partner. If the company receives this designation, GDVM stock could become one of the best penny stocks to invest in for the long term.
With this in mind, GDVM intends to become a strategic partner for Cisco and other industry leaders by providing technical expertise in several disciplines. GDVM appears to be on track to realize this goal as it recently earned the Cisco Customer Experience Specialization. As part of this program, GDVM is now recognized for the value it provides across its entire customer lifecycle.
This is a tremendous validation of GDVM’s ability to help its customers achieve their business objectives and eliminate obstacles to their subscription renewals. By receiving this designation, GDVM could be set to become a Cisco premier partner as it now has all the required certifications to become a gold integrator. In light of this, GDVM could be a bargain for long-term investors at its current PPS.
Thanks to the company’s impressive tech capabilities, GDVM has been approved by a global telecommunications provider. In this way, GDVM could be poised to secure similar deals with other major companies which would substantially increase the company’s value to shareholders. As GDVM has not shared additional news regarding this deal, the stock could soar on the official announcement of the deal which makes GDVM an attractive investment at the current PPS.
On that note, GDVM could be poised to significantly appreciate in value as it looks to capture a portion of the global public cloud services market. With $490.3 billion spent in 2022, global spending on cloud services is expected to grow 21% this year. If GDVM is able to secure a share of this market, the company could be well-positioned to realize major revenues in the long term.
Moreover, GDVM is looking to secure a share in the cybersecurity market to further add to its potential revenues. In 2022, organizations spent $188.3 billion on information security products and services due to the extreme rise in cybersecurity incidents. Since this spending is expected to grow 12.4% this year, GDVM could find it extremely profitable to continue growing in this segment.
To secure a share in both markets, GDVM intends to launch its own cloud services and solutions in Q2 to make them available to organizations and consumers. At the same time, GDVM has strategic alliances with most industry-leading security vendors like Palo Alto Networks, Cisco, and other companies.
Furthermore, GDVM plans to acquire tech and cybersecurity companies to grow its presence in both markets. On that note, GDVM is currently in talks with 2 acquisition targets – with which the company expects to reach agreements in the near future. Given the scale of the company’s plans, GDVM could be one of the best penny stocks to invest in for the long term.
Technical Analysis
Currently trading at $.0870, GDVM has supports near .0858, .0739, .0651, and .0514. The stock also shows resistances near .0931, .1108, and its 52-week high of $.1370. Although the company recently shared positive news regarding the Cisco Customer Experience Specialization, GDVM dropped by as much as 66% near the $.04 level.
Considering the company’s long-term growth potential following its merger with Veemost, GDVM ran more than 90% from its low and could continue running this week. As the stock closed above its resistance, the current PPS could be an attractive entry for bullish investors considering GDVM’s upcoming catalysts including acquisitions and launching its cloud services and solutions.
Following GDVM’s massive dip, accumulation took a major hit, however, it appears to be rebounding to the upside. Similarly, the MACD is bearish but could be approaching a crossover soon. The RSI also climbed from 18 to 34 indicating that GDVM remains slightly oversold. In light of these indicators, GDVM could be poised for a major run from current levels which makes it an attractive buy at the current PPS. GDVM has an OS of 368.3 million and a float near 324.1 million.
GDVM Forecast
Now that the merger with Veemost is closed, GDVM presents an intriguing opportunity for bullish investors at the current PPS – especially following its recent dip. Considering the company’s plans for acquisitions and launching its own cloud services and solutions, GDVM has the potential to soar to new highs on these catalysts. Given that GDVM is a fully PCAOB audited company, the company could deliver on its target of NASDAQ listing once its business shows the anticipated results. With several catalysts right around the corner, GDVM could be one of the penny stocks to invest in at current levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.