January 10th, 2022 | 13:14 CET
Nel ASA, CoinAnalyst, GameStop - Prepared for the future!
Technology stocks suffered from a painful correction in recent weeks. The announcement on the occasion of the publication of the FED minutes that interest rates would be raised faster than expected intensified the consolidation. As a result, stocks with disruptive business models fell, as did hydrogen stocks, which are promising in the long term due to the energy transition. The bulk of cryptocurrencies also lost by double digits. However, these sectors are more than promising in the long term and offer attractive entry opportunities at current levels.
time to read: 3 minutes
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Author:
Carsten Mainitz
ISIN:
NEL ASA NK-_20 | NO0010081235 , CoinAnalyst Corp. | CA19260U1084 , GAMESTOP CORP. A | US36467W1099
Table of contents:
Author
Carsten Mainitz
The native Rhineland-Palatinate has been a passionate market participant for more than 25 years. After studying business administration in Mannheim, he worked as a journalist, in equity sales and many years in equity research.
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Nel ASA - Leadership change
The new year begins for the Norwegian hydrogen specialist as the old one ended - with share price losses. In the first trading days of 2022, the stock sank from EUR 1.70 to EUR 1.46, thereby wiping out the next consolidation formation. Below EUR 1.40, it is likely to return to the zone around the EUR 1.20 mark.
The change in the management of the Scandinavian company was viewed negatively by stock market participants. The Board of Directors of Nel ASA announced that it had appointed Hakon Volldal as the new Chief Executive Officer (CEO). At the end of the second quarter, Volldal will take over from Jon André Lokke, who held the position for around six years. Lokke, in turn, is to be appointed to the board of Nel ASA. "The Company has a rock solid platform for the expected growth and expansion. The succession was planned in close cooperation with the board, comes at the right time after the opening of our facility in Heroya, and gives me a bit more flexibility in life," Lokke said.
CoinAnalyst - Leveraging NFT sentiment
CoinAnalyst's activities revolve around digital currencies, specifically in the area of Big Data analytics, with its developed platform based on AI technology from Germany's Cogia AG. In doing so, CoinAnalyst provides its users with a personalized dashboard that collects, analyzes and evaluates real-time data from the cryptocurrency market such as coins, tokens and NFTs from over 300 sources.
In addition to the products "Insights" and "Crypto Market Letter", the focus is on the area of "Copy Trading," which is primarily offered for crypto enthusiasts from Germany. Here, investors will learn from professional investors in the future by setting up an academy. According to the management, the launch of an app and a sentiment analysis for NFTs is also planned. CoinAnalyst's focus here is on the music industry. "Musicians and artists are at the forefront of the "passion economy" and are looking for alternative ways to monetize. CoinAnalyst's intention here is to access exclusive content through partnerships and promote it accordingly," said CEO Pascal Lauria.
Overall, CoinAnalyst sees itself well-positioned for the future and already expects over 50,000 paying users in 2023. Accordingly, revenues are expected to climb to around CAD 17 million. The German-Canadian company, which has also been traded on the Frankfurt Stock Exchange since the fourth quarter of last year, still has a manageable market value of CAD 11 million and is moderately valued given its potential.
GameStop - Entry into the NFT business
The US retail chain for computer games and entertainment software should be known to every investor at least since the emergence of the so-called meme shares. These volatile securities are characterized by drastic price increases, usually triggered by social networks. GameStop was one of the first stocks to be bought up by the "wallstreetbets" community on the social media platform Reddit. On Reddit, small investors gather to bet against hedge funds worth billions, which, on the other hand, bet on falling prices.
The struggling retail chain is currently trying to create new growth opportunities and plans to enter the cryptocurrency market, specifically the booming sector of NFTs, non-fungible tokens. These are purely digital collectibles that are paid for with cryptocurrency. The advantage of non-fungible tokens is that they are unique, counterfeit-proof and indestructible. The basis behind this phenomenon is blockchain technology.
GameStop wants to build a digital marketplace that will allow buying or selling NFTs of virtual video game goods such as avatar outfits or weapons. The launch is expected to take place later this year. The announcement sent GameStop's stock soaring about 8%. However, with a market capitalization of USD 10.7 billion, the meme stock is not currently an obvious investment.
The decline in many technology stocks allows investors to invest in promising technologies at a more favorable level. At the same time, GameStop is still ambitiously valued. CoinAnalyst is taking a broader stance by building NFT analysis and has potential given the large addressable market and moderate valuation. In contrast, Nel ASA has a management change to digest.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
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