Global Tech Industries Stock (GTII:OTC) Assigned a Strong Buy, $5 target

STA Research
by: STA Research
Global Tech Industries Stock

Global Tech Industries Stock Analysis

The consensus analyst target price for Global Tech Industries stock is $5 per share.  The consensus analyst recommendation for Global Tech Industries stock is a Speculative Buy. Global Tech Industries stock analysis by Stock Target Advisor is Bearish. It is based on 2 good signs and 5 negative indications. The stock price of Global Tech Industries stock was $3.53 at the most recent closure. The stock price of Global Tech Industries moved by -3.55% over the previous week, -9.49% over the previous month, and +209.65% over the previous year.  The consensus Crowd Rating for the stock is a Strong Buy, with a 12-month Crowd Target forecast of $6.75 per share.

Global Tech Industries Stock News:

Global Tech Industries reported on November 12, 2022, at a special board of directors meeting, the company’s directors gave management permission to pursue a partnership with Upstream, a global dual listing platform, up to and including the execution of a technology service agreement, a sponsor advisor agreement, as well as any other necessary paperwork in support of this objective.  The company’s Upstream app, now gives the users the ability to trade NFTs and invest in securities for IPOs, crowdfunded businesses, U.S. & worldwide equities, and celebrity initiatives thanks to the platform’s Ethereum-L2 matching engine technology from Horizon.

Chairman and CEO David Reichman said, “Management has been focused on finding a means to give a digital dividend to our devoted shareholder base since early spring. We think that this agreement may provide us with the opportunity to do just that. Through this alliance, GTII may be able to reach a wider audience and offer our shareholders the chance to trade on a lively market and earn a digital dividend.

About Upstream: Using the Upstream app, users can trade NFTs and invest in securities for IPOs, crowdfunded businesses, U.S. & worldwide equities, and celebrity initiatives thanks to the platform’s Ethereum-L2 matching engine technology from Horizon. Please visit https://upstream.exchange for additional details.

About Global Tech Industries Group (GTII:OTC)

In the US, Global Tech Industries Group, Inc. has a website for trading cryptocurrencies. It runs the cryptocurrency trading platform Beyond Blockchain, which supports direct settlements in Bitcoin SV, Aave, Compound, Uniswap, Chainlink, and Yearn Finance as well as multi-currency clearing in Bitcoin, Ethereum, Tether, Bitcoin Cash, Litecoin, and other cryptocurrencies. In July 2016, the business changed its name from Tree Top Industries, Inc. to Global Tech Industries Group, Inc. The headquarters of Global Tech Industries Group, Inc. are in New York, New York, and it was founded in 1980.

Most Recent Insider Trades

REICHMAN DAVID I Officer 06/28/2022 Acquisition (Non Open Market) Direct 10,447 $0.99 38,861,419
REICHMAN DAVID I Officer 06/07/2022 Acquisition (Non Open Market) Direct 5,187 $1.44 38,850,972
REICHMAN DAVID I Officer 03/23/2022 Acquisition (Non Open Market) Direct 4,500 $1.68 38,845,785
REICHMAN DAVID I Officer 01/03/2022 Acquisition (Non Open Market) Direct 5,000 $1.38 38,846,285
GLOBAL TECH INDUSTRIES GROUP, INC. Officer 12/03/2021 Acquisition (Non Open Market) Direct 10,000 $0.96 38,871,285
GLOBAL TECH INDUSTRIES GROUP, INC. Officer 12/01/2021 Acquisition (Non Open Market) Direct 2,000 $0.98 38,861,285
GLOBAL TECH INDUSTRIES GROUP, INC. Officer 11/30/2021 Acquisition (Non Open Market) Direct 3,000 $0.96 38,859,285
GLOBAL TECH INDUSTRIES GROUP, INC. Officer 11/29/2021 Acquisition (Non Open Market) Direct 5,000 $1.00 38,856,285
GLOBAL TECH INDUSTRIES GROUP, INC. Officer 11/26/2021 Acquisition (Non Open Market) Direct 10,000 $0.92 38,851,285

 

Fundamental Analysis

Positive Fundamentals

Superior risk-adjusted returns
In the top quartile, this stock has outperformed its sector rivals on a risk-adjusted basis over the course of at least a 12-month holding period.

Little Debt
The company is more flexible since it is less leveraged than its competitors and is in the top quartile. However, keep an eye on the news and consider the industry. This is occasionally low because there is no room for future expansion at the organisation.

 

Negative Fundamentals

Excessive volatility
Over the past five years, this company’s total returns have been erratic and higher above the industry average. If you plan to invest in such a stock, be sure your risk tolerance is adequate.

Compared to book value, it is overpriced
On a price to book value basis, the stock is selling at a premium to the median of its peer group.

Poor cash flow
The last four quarters saw a negative total cash flow for the organisation.

Free cash flow that is negative
In the last four quarters, the company’s overall free cash flow was negative.

Low growth in earnings
Compared to its sector, this stock’s five-year median earnings growth was lower than average.

Conclusion of Analysis:

Fundamental analysis basis for Global Tech Industries stock scores 2.9 out of 10, whereby the stock is seen overall as bearish.

Disclaimer

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