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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by SvenSteindorffon Oct 21, 2021 10:41pm
288 Views
Post# 34035777

Patience will become Value

Patience will become Value Meanwhile, Banxas valuation has dropped significantly. The stock is trading 47% lower than its all-time high. Its market capitalization is $176 million, while the company reported $42 million in revenue. That implies a price-to-sales ratio of 4.2. Bottom line Banxa stock lost nearly 80% of its value in a matter of months. However, better-than-expected earnings and a sudden surge in Bitcoins value have turned things around. Banxa stock is up 42% in less than three weeks. However, its still 47% away from its all-time high. If the digital assets retain their value and transaction volumes remain elevated, Banxa stock could surge higher. This could be an opportunity for long-term tech investors. Add Banxa stock to your watch list for the months ahead. I see a steady breakout over $4. Right now buyers pileing in below the next support level. Value is there now. No use getting frustrated with daily ups and downs. Look at long the term picture. A double digit stock price.
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