Vaycaychella Inc. (OTC: VAYK) Stock Gains After The Latest Development
The vacation rental market has continued to be one of the more interesting spaces for investors over the years, and one of the major companies working in the sector is Vaycaychella Inc. (OTC: VAYK). The company was in the news cycle on Monday after it sent out a new release about Airbnb, the biggest operator in the market.
Airbnb Earnings
In the news release from the company yesterday, the management of Vaycaychella commended the recent performance from Airbnb as evidenced in its earnings report. The company stated that the Airbnb financial results, which surpassed expectations, had created a beneficial environment for Vaycaychella as it readies to launch its upgraded service solution. The company noted that the solution would be launched in the upcoming months.
Key Information
The company further stated that it had built the business under the premise and conviction that short-term rentals were going to be the future of the hospitality industry. Vaycaychella aimed to become one of the leaders in the industry, and the growth of Airbnb’s revenues by as much as 300% since 2020 was an indication of the potential of the industry. It remains to be seen if Vaycaychella gets any attention this week or not.
Management Quote
“We have built our company on the conviction that short-term rentals, whether operated on Airbnb or other similar platforms, represent the future of the hospitality industry. We aim to become a leading service provider in this industry,” stated Stephanie Anderl, interim CEO of VAYK. “The fact that Airbnb’s annual revenue has grown more than 300% since 2020 verifies our conviction. This is a fast-growing emerging market, and we are providing a unique service in this market.”
Fundamentals
P/E Ratio | 7.0000 |
PEG Ratio | -0.04 |
Price to Book | -1.87 |
Price to Cash Flow | – |
Price to Free Cash Flow | – |
Total Sales (TTM) | – |
Revenue per Share (TTM) | – |
Shares Outstanding | 862.884 M |
Share Float (%) | 861.93 M (99.89%) |
% Held by Institutions | 0.00 |