Yesterday, it was an interesting and more importantly, a rewarding session for Pure Hospitality Solutions Inc. (OTCMKTS:PNOW) shareholders. PNOW stock price jumped 66.67% to close the trading session at $0.00050. Moreover, the gains came at even a stronger volume of over 83 million as against the average share volume of around 70% million.
This sharp up move in Pure stock can see further upside as the company released a PR stating that its subsidiary Numismatic Specialty Store has registered client retention rate of 52%, indicating the demand is strong for inventory from its existing clients.
Melvin Pereira, the CEO and President of Pure Hospitality, confirmed that the company boasts a solid client base in as many as four nations and spreading to total 20 states. Based on the new clients and fresh orders coming on regular basis, the company has managed to record the revenue that is far better than the January revenue figure. What makes it more interesting is the fact that the month is still not over, which implies, February sales numbers are going to outdo previous month’s revenue by a big gap.
Pure Hospitality firm recorded an impressive 22% revenue growth in a matter of just two months. The cash pipeline is getting stronger on the back of recurrently increasing sales. So far, this development is coming just from the single platform, that is, online-based sales. In the coming period, the company has all the plans set to expand its distribution means.
Mr. Pereira further stated that it’s imperative to note, the revenues Meso records, are still from web sources, and do not consider the upcoming auctions including Heritage Auctions, Lyn Knight Auctions and Stacks Bowers Auctions. When these planned auctions are done, they would be recording considerably higher revenues, and approaching close to hit year-end goals.
JetBlue Airways Corporation (NASDAQ:JBLU) stock price jumped more than 300% between 2014 and 2015, as the firm benefited from declining fuel prices and impressive unit revenue trends. However, the up move took a halt in 2016. Furthermore, the company began 2017 on the wrong foot, releasing weak unit revenue projection for the first quarter, and mainly for January. As a result, the airline stock declined over 12% last month.