New Trade Alert: QPAGOS Corp. (OTCMKTS: QPAG)
This week, we are going start things off by focusing south of the border, on a small cap payment and cash processing play from Mexico that has started to pile up some incredible growth numbers.
QPAG is the ticker, and our analysis shows this chart as very ripe for potentially a significant bounce that could be worth as much as 100% or more if it gets traction.
We like this play because it has two of our favorite things: Huge revenue growth and a very small float. Enjoy!
Company: QPAGOS Corp.
Latest News: http://finance.yahoo.com/q/h?s=QPAG+Headlines
Company Website: http://www.qpagos.com
Who is QPAG
Qpagos (OTCMKTS:QPAG) provides physical and virtual payment services in Mexico. It offers an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to any merchant in its network.
According to the company’s press materials, “U.S based QPAGOS delivers state-of-the-art digital payment services to consumers and service providers in Mexico where 60% of the adult population does not have a bank account and where over 80% of personal payments are made in cash. It operates a network of self-service kiosks and applications that provides more convenient payment alternatives for consumers and more efficient billing for service providers.”
The company is seeing massive growth, with revenues jumping from $137,250 to $1,510,365 in just one year.
In addition, they now have over 700 kiosks and terminals all over Mexico, as well as deals with the government and a number of major Mexican corporations.
The company just announced the expansion of its network of self-service kiosks into Mexico City’s Metro System, formally known as Sistema de Transporte Colectivo (STC).
“With 12 lines covering 226 Km., and over 180 stations Mexico City’s Metro System carries over 1.6 billion passengers per year, or an average of over 4 million per day, and is considered among the world’s eighth largest.”
The company also just announced the expansion of its self-service payment solutions by MF AMIGA, S.A.P.I. de C.V. SOFOM ENTIDAD REGULADA (AMIGA), one of Mexico’s emerging SOFOMs. SOFOMs are non-bank financial entities under Mexican law whose main objective is to provide loans and credits.
“AMIGA, with over 54 nationwide branches, through a 3rd party leasing company, completed today the order of 30 additional QPAGOS kiosks for a total of 88 self-service kiosks being deployed across their network. AMIGA customers no longer have to wait in line to make their weekly loan amortizations, and they can also make payments at the kiosks for over 150 service providers in QPAGOS payments platform.”
The chart looks primed for big things ahead by our analysis.
This extremely tiny float (only 5M shares) is ripe for some explosive upside as soon as this stock starts to receive a bit more attention. Our sense is the recent dive in the RSI measure to under 40 suggests the stock has forced out weaker players, which bodes well for new involvement.
A potential retest of recent range highs would imply a move up to something in the neighborhood of the $0.90 area. That would grant traders over 100% in potential gains from current levels.
QPAG (QPAGOS Corp.) trumpets itself as a company that provides physical and virtual payment services in Mexico.
QPAG offers an integrated network of kiosks, terminals, and payment channels that enable consumers to deposit cash, convert it into a digital form, and remit the funds to any merchant in its network.
QPAG operates a network of self-service kiosks and applications that provides more convenient payment alternatives for consumers and more efficient billing for service providers.
QPAG is formally based in Mexico City, Mexico.
- QPAG just saw its revenues increase from $130k to over $1.5M in just the past year… explosive!
- QPAG has a Tiny trading float of just 5M, which suggests the stock could launch higher on any additional influx of interest.
- QPAG is trading at a price from which it just tripled a few months ago. Support is holding.
- QPAG is coming off an RSI trough under 40, pointing to a massively oversold stock now heading back the other way.
- QPAG just recorded a MACD Bullish reversal, suggesting a technical change in trend.
- QPAG is adding new customers every day and has seen massive growth in kiosks.
QPAG is ripe right now for a monster potential bounce that could retest range highs from late last year, resulting in a significant opportunity of at least triple digit percentage returns. The company’s top line results have grown by over 400% in the past year, and the float is extremely small.
All of that suggests to us one thing: As soon as this stock gets a little attention, it could fly right up into orbit. That means, it could be tough to catch for those who are late to the game. So be good and ready when that bell rings tomorrow morning!
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