Snap Interactive Inc (STVI) Jumps After Solid Growth
Snap Interactive Inc (OTC:STVI) shares are showing very volatile session in Wednesday ‘s session as the company has reported robust quarterly earnings.
STVI stock gapped up this morning with a gain of 8% and strengthen later with increase of as much as 30%. However the stock given majority of its gains by afternoon session and currently it is trading higher by 9.20% to $1.07 with more than 162K shares traded hands, compared to its average volume of 90.70K shares.
STVI this morning said that it had a net loss of $632,868 during the quarter despite its revenue soared 288% year-over-year to $4.826 million. The company also said that AreYouInterested.com brand added over million new installs during the quarter.
STVI has been moving with a broader range over the past one year with the stock trading within a range of $0.10-$4.50. the stock corrected from $3 level in May to $1 in June.
STVI Stock Gaining Attention
SNAP Interactive, Inc. (OTC:STVI) has gained lots of investors’ attention as the company develops dating applications for social networking websites. The company has shown solid growth for its AreYouInterested.com social dating application.
STVI has over 49 million total installations across for its brands.
Currently, STVI stock is trading below its 50-Day Moving Average of $1.04 and well below its 200-Day Moving Average price of $2.22.
Snap Interactive Inc (OTC:STVI) had total outstanding shares of 37.62 million shares, of which 16.62 million shares were floating. The company has price/sales ratio of 3.89. The company has market capitalization of $40.25 million.
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