November 28, 2016 - By Michael Collier
Penny stock shareholders are becoming inquisitive about SFX ENTERTAINMENT INCORPORATED (OTCMKTS:SFXEQ), following the fact that the share price has moved $0.002, reaching the $0.006 price level in a recent trade.
A big benefit of investing in small-cap shares is that there is a prospect to outpace the institutional investors. In addition, mutual funds have limits controlling their power to purchase large lots of any one firm’s outstanding shares.
It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, SFX ENTERTAINMENT INCORPORATED’s stock was big mover. According to the short interest report published recently, (SFXEQ) had 3.90 million shorted shares for 6.3 days to cover. The prior short interest was 3.89 million for a $0.29 change. The 52-Week High and Low are noted here. -98.67% (High), Infinity, (Low). The stock had 623,100 average volume.
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As seen in stock market, the first point in investing in penny shares is to earn money. A popular trait of penny shares is that they move quickly and are extremely volatile. Penny shares are mainly stocks of small cap firms that can be open to change in industry conditions and stock market sentiments. Though penny shares are generally stated to be dicey, a trader can make massive amount of money in a short period of time, as against bigger, so-named ‘blue chip’ shares and mutual funds, which need a long-term plan.
Needless to state, investing in penny stock is not a right choice for the risk-averse, and only non-essential disposable income or ‘play money’ should be put in penny stocks. In no way are these stocks termed as the conservative investments and traders who play them are willing to take risks with invested capital. Penny stock shareholders must be prepared to put on stake their entire investment. Penny stocks trade fast in directions, recording massive downticks or upticks in few hours.
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Anticipated penny stock investors should learn and gain knowledge of the penny stock market. They must conduct intense research of a firm they might want to invest their money into. Learning can start by enrolling to a penny stock newsletter which offers informative penny stock recommendations. Gathering data as much as you can that is related to the penny stock world is tremendously vital if you want to earn money in trading. It is highly suggested that you enter into the market with a small amount of capital to lessen the risk if you incur a loss.
Disclaimer: The information, views, and opinions expressed in this publication are those of the writers and do not necessarily shows the position or official policy of any company financial professionals, analysts or stakeholders. Examples of assessment performed within this publication are just examples. They should not be used to make financial decisions or stock portfolio as they are based merely on open source and limited information. Assumptions taken within the study are not indicative of the position of any financial professionals or analysts.
More notable recent SFX Entertainment Inc (OTCMKTS:SFXEQ) news were published by: Wsj.com which released: “SFX Entertainment Gains Access to Bankruptcy Financing” on February 03, 2016, also Wsj.com with their article: “SFX Entertainment Files for Chapter 11 Bankruptcy” published on February 01, 2016, Forbes.com published: “SFX Entertainment Considers Filing For Bankruptcy 26-Months After $260 Million IPO” on January 08, 2016. More interesting news about SFX Entertainment Inc (OTCMKTS:SFXEQ) were released by: Thestreet.com and their article: “SFX Entertainment (SFXE) Stock Closes Down After Going Private Offer Fails” published on August 14, 2015 as well as Globenewswire.com‘s news article titled: “SFX Entertainment, Inc. Pursues Consensual Plan of Reorganization Noteholder …” with publication date: June 18, 2016.
SFX Entertainment, Inc. is a United States producer of live events and digital entertainment content focused on the electronic music culture . The company has a market cap of $593,355. The Firm operates in two divisions: Live Events, consisting of the production of its live events and includes revenue from ticket sales, ticketing fees and commissions, food, beverages and merchandise, license fees, event specific sponsorships and advertising, and Platform, a 365-day yearly engagement with its fans outside of live events and includes sales of digital music, and certain sponsorship and marketing activity. It currently has negative earnings. It presents EMC festivals and events, many of which have over a decade of history, followers and vibrant social communities surrounding them.
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