FCUV- a possible strong viable choice at $0.35, low volume right now
EDIT: to say please read all comments and check news on new stock issuance before investing and make your own decision. 2nd EDIT: Full dashboard and SEC filing info here: https://capedge.com/company/1590418/FCUV (this website is new to me, but damn, I bookmarked it!!!)
I posted this in the lounge today, suggested to make an actual post. I am not a financial advisor, and do your own research!!!
Trying to scratch the KULR and CTM itch here.
Over the last couple of days I reviewed all stocks under $1 via Yahoo Finance and Marketbeat- staying away from biopharma and foreign. After narrowing, I lightly researched at least 30 tickers by reading news articles and reviewing financials.
FCUV, Focus Universal, a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G was the stock I chose- 6,500 shares in full disclosure.
There's not a lot of volume but IMO, it's the best solid, non scam, lower risk stock under $1 that hasn't experienced high volatility in recent months. And it is tech, which seems to be the hottest industry right now.
$0.35 1.69M avg volume $25.88M market cap 52 week low $0.15 52 week high $1.80
In the news:
From Stocktitan.net: Rhea-AI Summary Focus Universal Inc. (NASDAQ:FCUV) announced its participation at CES 2025, where it will showcase its universal smart device Ubiquitor and universal smart IoT platform. The Ubiquitor can connect to unlimited sensors at a cost approaching that of sensors alone. The company's universal smart platform allows engineers to start IoT projects with 90% of the foundation complete, significantly reducing development costs and simplifying design processes.
The company's universal smart App eliminates the need for multiple IoT-specific apps, streamlining development. Focus Universal's SEC Financial Reporting software claims to be 1,000 times faster than traditional manual methods. The presentation will take place at booth 9877 in the North Hall Showcase of the Las Vegas Convention Center, January 7-10, 2025.
From investing.com: The company has demonstrated strong revenue growth of nearly 248% over the last twelve months, though InvestingPro's Fair Value analysis suggests the stock may be currently undervalued despite its challenging market performance.
In other recent news, Focus Universal Inc. has seen significant developments. The company's shareholders approved an increase in authorized common stock from 75 million to 150 million during their annual meeting. This decision could potentially facilitate various corporate purposes, such as financing operations, expanding business opportunities, or strategic acquisitions.
Weinberg & Company, P.A. was also ratified as the independent registered public accounting firm for fiscal years ending December 31, 2023, and December 31, 2024. This move underlines Focus Universal's commitment to financial transparency and oversight.
Moreover, Focus Universal successfully regained compliance with Nasdaq's minimum market value requirement, which is a positive sign of the company's ability to maintain the financial standards required by the Nasdaq exchange.
The company also completed a private placement of equity, raising $1.29 million through the sale of 4.3 million shares. An additional $1.2 million was secured through a registered direct offering to a single institutional investor, selling 3,750,000 shares of common stock at $0.32 per share. These funds are expected to support the development and launch of a new software product platform by Lusher Inc., a subsidiary of Focus Universal.
Please comment if you have background on investing in this stock or know more about it, or have a general opinion. I might buy more. Thanks!!!