$GDVM Hot Penny Stocks To Invest In
Cyberattacks have become drastically more prevalent, which is why demand for VeeMost Technologies Holdings, Inc.’s (OTC: GDVM) services has been on the rise. In order to meet the increasing demand for cybersecurity solutions that eliminate cyberattacks, the company intends to form a partnership with NVIDIA Corporation (NASDAQ: NVDA) to develop AI security systems for its clients. If this deal goes through, GDVM stock could soar given the significance of partnering with an industry leader – making it one of the most promising penny stocks to invest in.
GDVM Fundamentals
The cyber security market is projected to undergo substantial growth in the next few years. In 2022, the market was worth around $173.5 billion and it is expected to increase at a CAGR of 8.9% – reaching a market size of around $266.3 billion in 2027. However, the cybersecurity market value projections may increase more than that number given the fact that ransomware has experienced a sizable resurgence in 2023.
In 2022, ransomware groups received an estimated $456 million, a sizable decrease from 2021 in which they received $765 million. Conventional wisdom in 2022 would have dictated that ransomware would experience a downtrend in prevalence. Contrary to expectations, ransomware experienced a resurgence collecting $449.1 million in the first half of 2023. At its current pace, that figure is projected to reach $898.6 million by the end of the year.
As companies look to secure their data from ransomware attacks, one of the most effective ways to combat this threat is an AI security system. This is where GDVM comes in as it is currently in talks to partner with AI giant NVDA to create a new business model in which it creates protective AI software for its clients by procuring AI chips.
With that in mind, GDVM is also partnered with another AI powerhouse – Microsoft Corporation (NASDAQ: MSFT). By combining the expertise of both NVDA and MSFT, the company’s potential AI product may prove to be extremely successful which would cause its revenues to increase substantially due to the potential demand for such a product. For this reason, GDVM may be one of the best penny stocks to invest in this year.
GDVM Financials
According to its Q1 2023 report, GDVM has $2.9 million in assets including $428 thousand in cash on hand and $1.7 million in accounts receivable. Meanwhile, it reported $1.3 million in liabilities all of which are current liabilities. In terms of revenue, GDVM realized $2.76 million in Q1 and reported $1.8 million in operating costs. In this way, the company reported a net income of $891 thousand which is a positive sign for the company.
Technical Analysis
GDVM stock is in a neutral trend and is trading in a sideways channel between $0.043, and $0.057. Looking at the indicators, the stock is currently trading above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is approaching overbought at 67 and the MACD is curling bearishly.
As for the fundamentals, GDVM has the potential to be one of the best penny stocks to invest in if it successfully secures a partnership with NVDA. Given the potential of this partnership in developing extremely promising AI cybersecurity systems, the company may be on track to witness a surge in its customers which would be reflected in its revenues eventually. Based on this, investors could wait for the stock to retest its support and go long thanks to the company’s long-term potential.
GDVM Forecast
As one of the most promising penny stocks to invest in, GDVM may be poised to run soon on any announcement regarding a partnership with NVDA which the company is currently seeking. With the company intending to create an AI cybersecurity product out of this partnership, it also stands to benefit significantly from its current partnership with AI powerhouse MSFT. In this way, the company’s potential product may see huge demand considering the growing wave of cyber attacks. In light of this, GDVM stock appears to be a potentially profitable long-term hold.
GDVM Fundamentals
The cyber security market is projected to undergo substantial growth in the next few years. In 2022, the market was worth around $173.5 billion and it is expected to increase at a CAGR of 8.9% – reaching a market size of around $266.3 billion in 2027. However, the cybersecurity market value projections may increase more than that number given the fact that ransomware has experienced a sizable resurgence in 2023.
In 2022, ransomware groups received an estimated $456 million, a sizable decrease from 2021 in which they received $765 million. Conventional wisdom in 2022 would have dictated that ransomware would experience a downtrend in prevalence. Contrary to expectations, ransomware experienced a resurgence collecting $449.1 million in the first half of 2023. At its current pace, that figure is projected to reach $898.6 million by the end of the year.
As companies look to secure their data from ransomware attacks, one of the most effective ways to combat this threat is an AI security system. This is where GDVM comes in as it is currently in talks to partner with AI giant NVDA to create a new business model in which it creates protective AI software for its clients by procuring AI chips.
With that in mind, GDVM is also partnered with another AI powerhouse – Microsoft Corporation (NASDAQ: MSFT). By combining the expertise of both NVDA and MSFT, the company’s potential AI product may prove to be extremely successful which would cause its revenues to increase substantially due to the potential demand for such a product. For this reason, GDVM may be one of the best penny stocks to invest in this year.
GDVM Financials
According to its Q1 2023 report, GDVM has $2.9 million in assets including $428 thousand in cash on hand and $1.7 million in accounts receivable. Meanwhile, it reported $1.3 million in liabilities all of which are current liabilities. In terms of revenue, GDVM realized $2.76 million in Q1 and reported $1.8 million in operating costs. In this way, the company reported a net income of $891 thousand which is a positive sign for the company.
Technical Analysis
GDVM stock is in a neutral trend and is trading in a sideways channel between $0.043, and $0.057. Looking at the indicators, the stock is currently trading above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is approaching overbought at 67 and the MACD is curling bearishly.
As for the fundamentals, GDVM has the potential to be one of the best penny stocks to invest in if it successfully secures a partnership with NVDA. Given the potential of this partnership in developing extremely promising AI cybersecurity systems, the company may be on track to witness a surge in its customers which would be reflected in its revenues eventually. Based on this, investors could wait for the stock to retest its support and go long thanks to the company’s long-term potential.
GDVM Forecast
As one of the most promising penny stocks to invest in, GDVM may be poised to run soon on any announcement regarding a partnership with NVDA which the company is currently seeking. With the company intending to create an AI cybersecurity product out of this partnership, it also stands to benefit significantly from its current partnership with AI powerhouse MSFT. In this way, the company’s potential product may see huge demand considering the growing wave of cyber attacks. In light of this, GDVM stock appears to be a potentially profitable long-term hold.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.