Ryde Group Ltd. (NYSE: RYDE) - Testing Support LevelsSingapore-based mobility and quick commerce solutions provided Ryde Group Ltd. is seeing a test on the key support level of $0.450 over the shorter term period. The RSI indicator however, is showing an indication of the stock being oversold, which gives out a potential buy-at-low opportunity. Based on our understanding, a recent research report by Maxim Group had given a target price of $2.00 to the company, giving the company a significant potential upside ahead.
We kept a BUY rating for Ryde Group for the next 12 months.
Maxim
$BYOC Officially Files to be Listed on the OTCQB MarketSince September of last year:
1. Company Secured a $10,000,000 Private Placement Loan Boustead Securities
2. Secured MAXIM LLC for 4.2 Mil shares of restricted common stock
3. Secured it's first major Acquisition Service 800 for $4.2 Mil
4. Secured 1,472 of office space for company HQ in Florida for 8 Years
5. Secured a $1,000,000 Non-Dilutive Bridge Loan with Chicago Venture Partners
6. Cut the company's shares in the float by almost a half.
7. Newest filing hit just today securing the company's progress towards uplisting to the OTCQB then eventually the NASDAQ
www.sec.gov
$BYOC OTCMARKETS COMPLETELY UPDATED + 300 MIL FLOAT REDUCTION!Beyond Commerce has updated their OTCMarkets information and the first thing that is noticed is an almost 300 mil reduction in the float from previous count. The other thing noticed is a new website and other necessary information that clue in the possibility that the audited quarterlies could be dropped as soon as this week.
After that it should be smooth sailing as the first acquisition gets closed and more profit producing companies are acquired under the Boustead umbrella. In addition uplistment isn't too far away either.
I also anticipate since the shares from the Bank that owned them were removed from the float that they will also be removed from the O/S and the A/S will also be reduced eventually by the company as well.
As I've been saying since early October last year this is my long term hold for at least a year and a half to two years where I anticipate the PPS should be around $5 by this time next year, by that point we should be safely and comfortably listed on the NASDAQ exchange.
$BYOC Audited Fins + Closing of First Major Acquisition = Soon$BYOC Continues on a sideways trend awaiting the drop of audited Fins and the closing of its first major acquisition back in January. In addition uplistment and future acquisitions to take place over the coming year. DD posted in links below.
Additional DD In Links Below
$BYOC Bullish Volume + L2 Shift and PARSAR Flip + Upcoming News$BYOC Has been steadily gaining traction yet again with the L2 having as many MMs as it did during the 2nd major run from .02 to .16
In addition to the L2 shift there has been noticeable steady buying with increased bullish volume and a PARSAR flip of the daily.
The next news piece to hit is anticipated to be sometime this week or the latest next week. I anticipate the PPS to be .10-.12+ very easily by then if buying volume continues at this pace.