$UMGP Stocks Under $1 About To ExplodeUniversal Media Group Inc. (OTC: UMGP) is a leader in the production and distribution of media content in different genres through several media platforms. At the same time, UMGP is focused on producing celebrity-based content through social media and streaming platforms. With the company promising a series of announcements this week, UMGP stock is landing on investors’ radars as one of the top stocks under $1 to watch. Given that the news could be related to a new show or a collaboration with Netflix, Inc. (NASDAQ: NFLX), the stock seems to be poised to soar once the news is released.
UMGP Fundamentals
As things stand, UMGP stock is likely to run this week due to a series of major announcements regarding “exciting opportunities”. Odds are one of these announcements is about a new Netflix TV show. This speculation stems from the fact that the company previously shared that it was setting up PR regarding a new show back in June which was delayed.
Moreover, the company hinted at the possibility of utilizing Netflix multiple times last month which could see the new show available on Netflix. If that is the case, UMGP may soar given the potential exposure its show would receive which would eventually on the company’s revenues.
Meanwhile, there are other possible announcements regarding the development of Universal Streams – the company’s AI-oriented streaming service. On that note, little is known regarding the nature of Universal Streams aside from its utilization of AI algorithms which is why an update regarding this venture may be exciting for shareholders.
Another possible announcement could be regarding an update on the company’s show – Before The Fame. With that in mind, the company recently changed the intro of Before The Fame and tweeted about the show multiple times. These actions could be a prelude to UMGP transferring the show’s new episodes from Vimeo to a more notable platform. Given the significance of such news, UMGP could soar this week on these potential announcements – making it one of the stocks under $1 worth watching this week.
UMGP Financials
According to UMGP’s 2023 annual report, its assets remained relatively unchanged YoY at $2 million, that being said, its cash balance increased YoY from $36.5 thousand to $76.3 thousand. On the other hand, liabilities increased during that time from $2.8 million to $3 million.
When it comes to revenue UMGP made $25 thousand in the fiscal year 2023 compared to making no revenue over the same year-ago period. However, its expenses increased substantially YoY from $74.8 thousand to $235 thousand likely due to the fact that UMGP is currently working on developing its new AI streaming platform Universal Streams. Given this surge in expenses, it comes as no surprise that its net loss increased YoY from $167 thousand to $364 thousand.
Technical Analysis
UMGP stock is in a neutral trend and is trading in a sideways channel between $0.23, and $0.37. Looking at the indicators, the stock is above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is neutral at 63 and the MACD is curling bearishly.
As for the fundamentals, UMGP is planning to share a series of announcements this week which could see the stock soar since one of the announcements could be regarding a new Netflix show. Given the significance of such news, bullish investors could wait for a successful break of the resistance with a pullback to enter long positions ahead of the anticipated announcements.
UMGP Forecast
Currently, UMGP is one of the most exciting stocks under $1 to watch this week as the company is set to make a series of major announcements this week. One of these announcements could be about a new Netflix show, while the others may be about the company’s new AI streaming platform or a new season of Before the Fame. In all cases, these announcements could cause the stock to skyrocket this week which makes UMGP stock one to watch closely this week.
UMGP trade ideas
$UMGP 3.5 Mil Float/Rashad Evans/3-4 PRs/Mergers/AcquisitionsUniversal Media Group Inc. has been on the ball lately tweeting about multiple updates on the horizon that the company is excited about.
June 6th:
We are actively involved in M&A discussions with multiple well known private media entities with significant IP/Revenues in addition to outstanding management teams that would seamlessly integrate within our operation. We will announce developments soon. These negotiations have slowed down some corporate actions all to be resolved soon. We do have multiple company announcements regarding new deals and shows that will be released this week and next. Thank you to our investors for your interest in $UMGP
umediagroupinc.com
The company recently teamed up with celebrity UFC fighter Rashad Evans on his NFT project which has multiple utilities including mental health.
The stock recently went to a high of $3.67 with a float that has remained relatively unchanged since then and with multiple more announcements to be made this could very well see past that to $5+
$CMGR Past hit $28 now .0035 7 Mil Float Tons of News and PRsImmense interest is still on this gem after moving 500%+ twice within the last month. It seems dilution has slowed down tremendously and it has found a bottom finally down here in the high .0030s to .0040s
I would anticipate another move is percolating and hopefully is sustained on a longer time scale, as it did in the past when it moved from .05 to $28 granted the float was probably closer to 1,000,000 back them, it being 7x that now we wont be seeing such an immense move but a $1+ move isn't out of the question given how easily it moves on news.
Its most recent 8K stated that GS Capital agreed to convert a convertible promissory, dated November 26, 2021, in the aggregate principal amount of $300,445 (the “Converted Note”), at the conversion price of $1.00
Which states there may very well be much more to come and to anticipate a much larger move on the horizon.
The company closed a promo deal with “The Farmers Dog, inc” raising a total funding of $103.1 Million
The company now has promo deals with Target, Dutch Bros. Coffee and Rob Gronkowski
In addition to several other recent deals inked.
Universal Media Group (USA: $UMGP): Talk About A Bullish Setup🎤Universal Media Group Inc., a media company, produces and distributes media content worldwide. It produces On The Mike, a TV show that primarily include celebrity interviews, music concerts, and other events. The company was formerly known as Dalton Industries Inc. and changed its name to Universal Media Group Inc. in January 2016. Universal Media Group Inc. was founded in 1971 and is based in Boca Raton, Florida.