NetworkNewsBreaks – Crystal Equity Research Reaf
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Posted On: 08/25/2017 7:23:23 PM
NetworkNewsBreaks – Crystal Equity Research Reaffirms Price Target of $5.25 for Moxian, Inc. (NASDAQ: MOXC)
In January 2017, Crystal Equity Research LLC published an initial report on Moxian, Inc. (NASDAQ: MOXC) with a price target of $5.25, and that price target remains unchanged as of an August 15 updated report from Crystal. Crystal categorized investment in Moxian as a “speculative buy” and made positive note of the company’s joint venture with Shewn International Group in Shanghai, also stating it anticipates revising its revenue estimates for Moxian upward when the Shewn transaction is formalized. As noted in a recent NNW article:
“Moxian is an integrated platform operator in the midst of converting its unpaid platforms to paid. Its joint venture with upscale wine distributor Shewn — expected by Crystal Equity to be finalized by the end of September 2017 — calls for Shewn to use Moxian+ Merchant App technology. It uses a UnionPay module processing system and offers Moxian’s Mo-Points redemption plan. In return, Shewn offers Moxian quicker and less costly market penetration and an additional revenue stream. Moxian will earn a fee on Shewn’s digital sales processed on the Moxian+ platform. ‘Execution on the Shewn International joint venture should put greater certainty into the Moxian story, providing the foundation for greater investor confidence and a higher valuation of the shares. We view it as an important catalyst for valuation. In our view, the stock provides an interesting play on China’s e-commerce industry,’ the report said.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
In January 2017, Crystal Equity Research LLC published an initial report on Moxian, Inc. (NASDAQ: MOXC) with a price target of $5.25, and that price target remains unchanged as of an August 15 updated report from Crystal. Crystal categorized investment in Moxian as a “speculative buy” and made positive note of the company’s joint venture with Shewn International Group in Shanghai, also stating it anticipates revising its revenue estimates for Moxian upward when the Shewn transaction is formalized. As noted in a recent NNW article:
“Moxian is an integrated platform operator in the midst of converting its unpaid platforms to paid. Its joint venture with upscale wine distributor Shewn — expected by Crystal Equity to be finalized by the end of September 2017 — calls for Shewn to use Moxian+ Merchant App technology. It uses a UnionPay module processing system and offers Moxian’s Mo-Points redemption plan. In return, Shewn offers Moxian quicker and less costly market penetration and an additional revenue stream. Moxian will earn a fee on Shewn’s digital sales processed on the Moxian+ platform. ‘Execution on the Shewn International joint venture should put greater certainty into the Moxian story, providing the foundation for greater investor confidence and a higher valuation of the shares. We view it as an important catalyst for valuation. In our view, the stock provides an interesting play on China’s e-commerce industry,’ the report said.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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