The ‘sky is the limit’ is a saying that perfectly describes Nfusz Inc (OTCMKTS:FUSZ) performance over the past few weeks. The stock has surpassed, even our most bullish expectations, on powering to record highs and in the process generated significant returns to our readers.A 60% plus spike form our last update all but affirms nFusz credentials as a breakout stock supported by solid fundamentals. Just like in our previous update, we remain upbeat about the stock’s long-term prospects, given the ever-growing investors’ confidence. FUSZ Daily ChartNFusz is currently trading at two years highs at the $0.71 handle. Given the steep rise in share price, it may be wise to wait for a pullback before entering a long position. A pullback to the $1 a share handle should act as a good entry position, as it is a key support level.A close below the $1.02 level could see the stock plunge to the $0.84 handle, which appears to be another key support level.Before we look at the catalysts likely to strengthen investor’s sentiments in the stock and trigger a further movement on the upside, let’s look at what nFusz does.NFusz is a Hollywood-based digital technology company that operates internet-connected audio-video recording studios. The company also develops and licenses interactive video platform for customer relations management, marketing campaigns, and social engagement.Its lead product in the space is Notifi, a cloud-based software-as-a-service that allows users to produce, distribute and track interactive videos online.Recent DevelopmentsIn our previous update, we took note of how the stock was trading higher on investors taking note of the company’s blockchain aspirations. The media technology company has made it clear its intentions to leverage blockchain technology to achieve a greater number of views for interactive videos distributed by its notifiCRM platform.Fast forward, nFusz is yet again the center of attention after expanding its footprint in the in the advertising and digital advertising sectors. The digital technology company has inked a new partnership with dr2marketing, a lead generating agency, as it seeks to accelerate growth in the multi-billion advertising business.Pursuant to the agreement, the dr2marketing is to use the company’s cloud-based SAS platform notifiCRM, to create interactive videos. The videos are to be posted on display and Google PPC advertisements among other marketing initiatives.In addition, dr2marketing is to offer notifiCRM to its client’s, from which nFusz is to generate some revenues.
“NFusz interactive video technology engages a target audience more effectively than anything we’ve ever seen,” says Roger Lee, Managing Partner of dr2marketing. “We’ve personally observed how powerful their notifiCRM in-video interactive calls to action can be, and we look forward to employing this tool for the benefit of all of our clients.
In addition, nFusz has inked another strategic partnership with Ignite Visibility, a top digital marketing company in the industry. The San-Diego based company boasts of one of the most prestigious client roasters that nFusz should be able to leverage as it moves to get notifiCRM into as many clients as possible.Pursuant to the agreement, nFusz and Ignite Visibility are to share any revenues generated from the use of notifiCRM by Ignite Visibility’s clients. The digital marketing company also plans to use the cloud-based platform to develop interactive videos that are to be posted in its blog and newsletter, distributed weekly to an ever-growing list of 10,000 subscribers.
“As a leader in digital marketing Ignite Visibility is a great partner for us as we seek to enhance our leadership position for interactive video technology in the advertising agency sector. We look forward to having all of their clients on-boarded and enjoying the greater levels viewer engagement and higher conversion rates that our notifiCRM platform delivers,” said CEO, Rory J. Cutaia.
NFusz has already engaged the services of Concentrus Inc. as it seeks to accelerate the integration of notifiCRM into cloud platforms of popular enterprise resource planning and CRM service providersWhat next for nFusz after 60% SpikeThere is no doubt that a steep rise in nFusz share price comes as a surprise. However, the stock has every reason to continue rising, given the strong fundamentals supporting the uptrend. Unlike other companies whose valuation have been based on blockchain ambitions, the digital media company has made important strides as it continues to diversify its revenue streams.The advertising business is one of the most lucrative in the world and nFusz appears to have got its act together in pursuit of market share. The number of strategic deals that the company has signed for notifiCRM is a testament to its acceptance in the space.It goes without saying that it is only matter of time before the company starts generating significant revenues from the advertising business and in the process generate more shareholder value.In our view, any pullbacks from the current trading levels should act as a good entry point pending further movement on the upside.Disclosure: We have no position in FUSZ and have not been compensated for this article.
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