HMBL a review from our recent monthly newsletter
HMBL – traded at highs over $6.84 in early Feb. 2021. Since then, has sold off for more than 16 months. At the rate of more than 200 million shares per year entering the market registered through an S1, gaining traction is not a word recently related to HUMBL Inc. Touching a 52-weeklow of $0.045 in June may have finally signaled a bottom. Breaking $0.10 in July and falling to a support level of $0.06. The stock begins to form a base and building above .045’s. With a current sizable Market Cap of $115,834,046 from early August, some of the price volatility occurs from continued internal funding.
Total shares authorized: 7,450,000,000
Total shares outstanding: 1,317,715,639
Public Float of 1,257,811,016
HMBL – HUMBL Inc. | Security Details | OTC Markets
With the S1 still in effect and Net Losses from continuing operations exceeding $49.6M annually. It may not be time to buy HMBL just yet. HUMBL made our top fintech hotlist due to technical and speculation. As the company turns a new leaf from warrants exercised and Net cash from financing activities.
HMBL closed out 2021 cash positive by $3,493,213. Giving management the power to expand in tech sectors gaining revenue creating channels during an economic downtrend. Having cash and share structure to expand and capitalize in distressed businesses has paid off in the past. HUMBL is a Web 3 platform being developed to seamlessly connect consumers and merchants in the digital economy, across its Mobile Applications, Marketplace, and financial divisions.