Nasdaq Profile (NCRA) Pops Early, Shoots Vertically Up Approximately 19% (Read Immediately)
NCRA just popped early. Pay close attention.
Shooting vertically to an early high of $1.49, NCRA is currently up approximately 19%.
This could be partly due to yesterday's big announcement. Check it out:
Nocera, Inc. Continues b2c Success with Official Opening of its Flagship Bento Box Store
TAIPEI, TAIWAN / ACCESSWIRE / December 15, 2022 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company"), ..., announced today that its flagship bento box store located in Nangang District of Taipei City officially opened. Nocera estimates that its food products business-to-consumer ("B2C") model may increase its pro-fit margins by up to 200%. The two signature dishes, grilled eel rice bowl and super value bento box, made an instant hit around Nangang Software Park. Nangang Software Park contains around 400 companies with more than 25,000 people. The demands for lunch and dinner on a day-to-day basis are incredibly high, and Nocera's flagship bento box store became the new rising star.
Jeff Cheng, Nocera's Chief Executive Officer, claimed, "Seeing our b2b customers' success has further encouraged our decision to extend a direct-to-consumer product line. We believe that this will be one of many and comes with significant pro-fit margin effects. It's clear we have an amazing product, and we will continue to look for our own ways to capitalize on it keeping the majority of the pro-fits to ourselves. I'm excited to see what else will come in 2023 in our b2c business!"
Read the full article here.
With this green burst first thing today, NCRA is now trading above 4 key lines of potential support including its 20-Day Simple Moving Average and its 13-Day Exponential Moving Average.
If potential support continues to build at these levels, it could act as the building blocks towards a further vertical move near term.
Take a moment to read my NCRA report below and get this Nasdaq past champ pulled up quickly.
Let's dive in because we've got a bunch to go over, and little time to do it.
Right now I'm bringing a Nasdaq past champ back to your attention.
When I brought it to you previously for the morning of September 14th, it opened at $1.96.
By September 16th, it had surged all the way to a high of $2.41.
Overall? An approximate move of 22% short term.
Now it needs to be back on radar once again. Here's why.
Revenue news. I mean, MASSIVE revenue news.
With "record breaking" revenue announcements, it's clear that this company is trending in the right direction.
And the best part? It's still flying under Wall Street's radar.
Pair all that info with this profile having a low float under 6Mn shares, acquisition related news, and a newly entered into distribution agreement, and it shouldn't be any surprise I'm asking you to get it back on your radar.
For Friday, December 16th, there is only one Nasdaq profile that should be at the top of your watch-list:
*Nocera, Inc. (NCRA)*
Nocera is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems (RAS) for both fresh and saltwater fish and in-vests in fish farms by building high-tech RASs. The Company's main business operation consists of the design, development, and production of large-scale RAS fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators.
And right now, based on multiple potential catalysts, NCRA needs complete focus. Chew on these:
No. 1 - Low Float Intraday Explosiveness?
No. 2 - Record Breaking Revenue News Could Provide A Major Jolt
No. 3 - Explosive October Revenue News Keep The Hits Rolling
No. 4 - New Distro Agreement Should Create More Monthly Revenue For NCRA
No. 5 - Acquisition Related News Could Become A Major Company Game-Changer
But more on those in a second...
The Vast Market Potential For Nocera, Inc. (NCRA) (1)
Global fish consumption has long been on the rise at a rate higher than any other source of animal protein, and the trend is expected to continue.
With overfishing already threatening the earth’s marine ecosystem, it is anticipated that a significantly larger proportion of fish consumption would be farm-raised instead of wild-caught in the future.
The trade conflict between the U.S. and China has led to a greater demand for non-Chinese originated seafood products from the U.S. and other markets.
The global supply chain disruption caused by CV-19 also has made shipping costs and shipping arrangements highly unstable and unpredictable, which further contributes to a greater demand for domestically produced seafood products.
A Market Analysis
According to the Food and Agriculture Organization’s (FAO) latest report “The State of World Fisheries and Aquaculture 2020,” per capita food fish consumption grew from 9kg (live weight equivalent) in 1961 to 20.5kg in 2018, equating to around 1.5% growth each year.
At the same time, since 1961, the average annual rise in global food fish consumption of 3.1% has outpaced the population growth of 1.6% and exceeded the consumption escalation of all other animal protein foods (like beef, poultry, and milk), which increased by 2.1% per year (Food and Agriculture Organization of the United Nations, 2020, p. 2-3).
Over the past three decades, fish production from aquaculture has grown by over 450%, significantly contributing to the increase in the global fish production, as shown in the table below: