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Snipp Interactive ( (TSE:SPN) ) just unveiled an update.
Snipp Interactive Inc. reported that shareholders approved all items at its January 9 annual general and special meeting, including the re-election of four directors and the appointment of RSM Canada LLP as auditor, while fixing the board size at five. Investors also endorsed an amended fixed number stock option plan, the creation of two control persons tied to a potential secured convertible debenture financing, and a potential share consolidation, signaling strong shareholder support for the company’s capital structure flexibility and strategic financing options as it pursues growth in the loyalty and promotions market.
The most recent analyst rating on (TSE:SPN) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Snipp Interactive stock, see the TSE:SPN Stock Forecast page.
Spark’s Take on TSE:SPN Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPN is a Neutral.
The score is held back primarily by weak and inconsistent profitability with negative free cash flow, despite improving revenue and a sharp gross margin step-up. Technicals are mildly bearish (below key longer-term moving averages with negative MACD), and valuation signals elevated risk due to losses and no stated dividend yield.
To see Spark’s full report on TSE:SPN stock, click here.
More about Snipp Interactive
Snipp Interactive Inc. is a Vancouver-headquartered Platform-as-a-Service provider focused on the global loyalty and promotions sector. Its modular SnippCARE platform underpins solutions such as SnippCHECK for receipt-based promotions, SnippLOYALTY for customizable loyalty programs, SnippREWARDS for digital and physical incentives, and SnippWIN for compliant global games of chance and skill, serving a marquee roster of Fortune 500 clients and agencies across North America, Europe, and India.
Average Trading Volume: 160,087
Technical Sentiment Signal: Sell
Current Market Cap: C$12.36M
For detailed information about SPN stock, go to TipRanks’ Stock Analysis page.