Why Did OneMeta AI (OTCMKTS:ONEI) Stock Soar 54% On Monday?
There were a number of companies which saw its stocks record considerable gains yesterday and one of those was OneMeta AI (OTCMKTS:ONEI). The company came into focus following a key announcement yesterday and the stock soared by as much as 54% for the day as investors piled on to it in a big way.
Trading Data
On Monday, ONEI stock rose 53.76% to $1.4300 with 195.58K shares, compared to its average volume 22.77K shares. The stock moved within a range of $0.8800 – 1.5400 after opening trade at $0.8800.
Onemeta AI Current Real Time Translation Products Surpass Planned Future Products of Other Companies
The company made an announcement yesterday with regards to the translation products that it was going to launch. It should be noted that at this point in time the translation products offered by OneMeta AI have the capability of translating as many as 85 distinct languages simultaneously. The news about upcoming products resulted in considerable optimism among investors and led to the remarkable rally in the stock that was seen yesterday.
The President of the company Rowland Day spoke about the background of the latest move. It noted that last week another company had announced a new audio translation product but it was similar to a product that is already offered by OneMeta AI. He went on to note that the products from OneMeta AI are already being used by its clients even though other companies were only coming up with products which mirror those that it already produced.
Key Quote
Rowland Day, President, stated “Last week another company announced a forthcoming audio translation product that to a large extent mirrors our existing Verbum product. What other companies see as a future product, at OneMeta, our products already exist and are currently used in different marketplaces. We have developed the AI technology to support our existing products and intend to bring even more robust products to the various business marketplaces in the foreseeable future.”
