Deep Analysis of Vinco Ventures Inc: Bbig Stock is scaring TikTok

Vinco Ventures, stock BBIG, has recently completed the acquisition of all ZVV Media equity from ZVV Media Partners, a joint venture between Vinco Ventures and Zash Global Media. This acquisition includes TikTok rival Lomotif, positioning Vinco Ventures as a significant player in the social media market.

The market cap for BBIG has reached $145.97 million, with 210.59 million shares outstanding and 187.78 million shares in the current float. The stock has seen a trading volume of 9873446 in the most recent trading day, which is considered active by market watchdogs.

The Stock Performance

The stock has not performed well in the past 12 months, with a drop of -57.39%. Despite this, there is potential for growth in the future, as a new megatrend in the fintech market is well underway.

Mobile payments are projected to become a massive $12 trillion market by 2028, and according to Motley Fool, this growth stock could "deliver huge returns" not only in the immediate future, but also over the next decade.

The man behind Vinco Ventures, a serial entrepreneur, has a history of success. However, the stock has recently fallen into the red zone, with a negative trend and a drop of -0.80%. Over the past four-week period, BBIG shares have gained 14.86%, but have dropped -35.00% over the last 6 months and -57.39% in the past year of trading.

The Relative Strength Index (RSI) can be used to identify overbought and oversold stocks, with an RSI result of over 70 indicating overbought conditions and a rate below 30 indicating oversold conditions.

The current RSI for BBIG stock in the last two-week period is set at 55.72, with the RSI for the last single trading day at 58.13, and the three-week RSI at 52.82.

The present Moving Average for the last 50 days of trading for this stock is 0.6266, while it was recorded at 0.6976 for the last single week of trading, and 1.3918 for the last 200 days.

Fire in the Hole

A Few analysts have given a HOLD rating for this stock, with 0 of them giving it an UNDERWEIGHT rating and 0 providing a SELL rating. The moving average of the company in the 100-day period was set at 0.7936, with a change in the price of -0.33. In the last 100 days, Vinco Ventures Inc. has posted a movement of -34.02% and recorded 7,971,226 in trading volumes.

While Vinco stock has seen significant drops in the past year, the acquisition of ZVV Media Partners and the projected growth in the mobile payment market present potential for future growth. Investors should keep a close eye on the company and consider the potential risks and rewards before making any investment decisions.