Momentum & Growth

Byzen Digital Inc (OTCMKTS:BYZN) Surging As Organic Growth Gathers Pace

Shares of Byzen Digital Inc (OTCMKTS:BYZN) are once again skyrocketing after feeling the full force of short sellers in 2018. The stock is already up by more than 40%, after succumbing to short-selling pressure early in the year. The rally has come on the company affirming plans to pursue organic growth.

Share Price Analysis

In addition, the company continues to elicit strong interest, in the market, on announcing plans to list in the OTCQB market. Listing in the high profile market should go a long way in broadening the company’s exposure especially among institutional investors in the U.S.

The formation of an advisory board paves the way for the company to leverage the experience and insight of a four strong-panel as it moves to execute on its business plan in pursuit of growth and shareholder value.

BYZN Daily Chart

Byzen Digital has hit the buy zone after rallying past the $4 a share level. The stock stabilizing above the $4 a share level, should affirm the emerging uptrend, setting the stage for the stock to continue powering high. For the stock to turn bullish as a long-term play, then it will have to surge and stabilize above the $7 mark, a critical resistance level.

In the meantime, sell-offs should experience strong support above the $3 a share level. A breach of the support level could give short sellers a reason to continue pushing the stock lower, in continuation of the long-term downtrend. However, if recent developments are anything to go by, then Byzen Digital looks set to hold above the $4 a share mark, as part of the emerging uptrend.

What Does Byzen Digital Do?

Byzen Digital bills itself as a high growth organization focused on mergers and acquisitions in the technology space. The company has grown beyond its initial focus of blockchain technology, to focus on other technologies for enhancing cyber-security, data storage, cloud tech analysis and digital applications.

Acquisition Drive

Byzen Digital has emerged as a bounce-back play on bottoming out from all-time lows. The trigger behind the recent resurgence has to be an aggressive acquisition drive that affirms the company’s organic growth prospects.

In line with the acquisition drive, the company has signed a binding letter for the acquisition of Fortune8 Technologies. With the acquisition, the company will gain access to a reputable technology company that distributes Chinese products in the U.K and European retail market.

In addition, the acquisition paves the way for the Byzen Digital to source technology hardware from the Chinese market at competitive price points. Fortune8 Technologies acquisition is part of the company’s M&A campaign that targets a minimum of one deal per quarter.

“The addition of this company into Byzen Digital’s portfolio affords us a host of competitive advantages in dealing with the Chinese and Asian markets. Our discussions have already opened a wealth of valuable connections in Asia, and we believe that the importation of innovative Chinese technology to the UK and Europe will be a significant revenue generator for Byzen Digital,” said COO Chris Percy.

Byzen technologies has followed the acquisition of Fortune8 Technologies with the signing of a letter of intent for the acquisition of a majority ownership in Comparison Group. Founded by British Computer Scientist Jason Reed, Comparison Group bills itself as a marketing and software solutions startup.

The acquisition of a majority stake opens the door for the company to achieve its strategic goals and strengthen its revenues stream in the U.K and European market.

Advisory Board

In addition to the aggressive acquisition drive, Byzen Technologies has confirmed the formation of a four-strong panel that will make up the company’s Advisory Board. The board is tasked with the responsibility of providing strategic input as the company moves to execute on its strategic business plan.

“The assembled team represents our first choice for providing leadership and strategy across several key areas during a phase of intensive company growth over the next two years and beyond. The broad makeup of the Board places a wealth of business acumen from across the spectrum of business and technology at Byzen Digital’s disposal,” said COO Tom Beckett.

Bottom Line

Byzen Digital has once again found its footing in the market after a rollercoaster 2018. The stock is powering up the charts as an aggressive acquisition drive continues to strengthen investor confidence. The formation of an advisory board underscores the company’s willingness to leverage diverse ideas and acumen as it continues to execute its business plan in pursuit of growth and shareholder value.

We will be updating our subscribers as soon as we know more. For the latest updates on BYZN, sign up below!

Disclosure: We have no position in BYZN and have not been compensated for this article.

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Byzen Digital Inc (OTCMKTS:BYZN) Surging As Organic Growth Gathers Pace
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