LOTM Top Picks in the Blockchain sector:
- Mechanical Tech (MKTY* $7.06
- Galaxy Digital (BRPHF)* $13.72
- Voyager Digital (VYGVF)* $11.85
All three have outstanding fundamentals and growth metrics.
We suggest accumulating positions at the current prices and on a dollar-cost-averaging risk management basis. Set a limit as to how high you will pay and accumulate shares. We have no stop losses. LOTM believes all three are cheap Vs the next twelve months targets, revenue and earnings. Therefore, we see weaker prices as opportunities to accumulate additional shares – money available, permitting. Blockchain is not going away, and it is changing the world. Think Internet late 1990’s as to where Blockchain is in its timeline.
Galaxy Digital (BRPHF)* $13.72
Galaxy has two events planned between now and year end. We believe the shares will react positively to that news if not before in anticipation of the events.
- Galaxy Digital is in process of getting listed on a U.S. Trading Exchange. This should bring in new institutional investors.
- Galaxy is closing on its acquisition of BitGo. Closure of this deal will bring in between $30 and $35 Billion in additional assets. This is a game changing merger / acquisition for Galaxy.
Voyager Digital (VYGVF) $12.25
A Canadian based Crypto Trading Platform that does most of its business in the USA but now looking to expand into Europe and Canada. Two of the co-founders are a former CEO of eTrade securities and a former CTO at Uber. Voyager is well funded and very fast growing.
The company goal is to be the future of banking. Voyager intends expanding the trading platform to include equities. Issuing a debit card and payment platform. The company is ahead of other crypto platforms including Coinbase (COIN) $225.01, in offering commission free trading in Bitcoin and altcoins.
Negative Chart pattern but likely extended on the downside. You might establish an initial position and buying on a dollar-cost-average basis until it completes its base building process (Stage 1) and begins rising into its Stage 2.. Potential for a V bottom as it is well known in Crypto circles.
Growth metrics for Voyager are outstanding. Company is now cash flow positive. Earnings were out on July 14. The numbers were outstanding. We might have seen some “sell on the news” as all news is selling news when the market is in correction mode. We think the downdraft in Voyager is over-done and the stock is ready to rally. It is too soon to say it is a reversal of the downward trend or an over-sold bounce.
Voyager Digital Announces Record Quarterly Revenue with Growth of Over 65% from the Previous Quarter
Thu, July 15,2021 Yahoo finance.
Mechanical Technology (MKTY)* $7.06
In two years from December 31, 2020, to December 31, 2022 “if” Mechanical Technology (MKTY)* executes its game plan, we expect revenue to increase on an annual basis from $9 million on 12/31/20 to a number in our estimation, between $50 million and $60 million.
Two years growth – $9 million to $50 million.
Not bad. We believe MKTY has potential to double or triple its share price over the next six to eighteen months. The qualifier is “if” they execute their plan.
The company has been conservative in their projections and have tended to outperform. This is the type of company we like to be involved with as company owners. Cash flows and earnings per share are expected to be positive and to follow revenue’s trend.
Technically, the price is below all three moving average we watch. As a trader, we might watch and wait before buying. We are not trading this stock at this time. We are positioning the company for a two year or less goal of $21. A triple. If the shares decline, we have no issue with accumulating more shares at lower prices. It would be a gift.
EcoChain, MKTY’s 100 percent subsidiary’s most recent progress update – July 15 update report.
SUMMARY:
- In eighteen to twenty-one months, we are looking for a triple in price for MKTY.
- For Galaxy Digital we are anticipating a target price between a 2X and 3X the current price.
- Similarly with Voyager Digital, unless the story changes, we are targeting a double to triple in share price from its current price in twenty-four months or less.
Good luck, good fortune and good health for you and those close to you!
Send an email if you think we can be of help. It’s a tough world out there.
LOTM Research & Consulting Service
Where Value meets Buy Signals!
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* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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