Creatd Inc (NASDAQ:CRTD) Stock Jumps To Multi-Month High: A Good Buy Now?

Technology company Creatd Inc (NASDAQ:CRTD), which is well known for being totally dedicated to creators, is in the focus of many investors this morning and has managed to clock gains of 39% so far.

There has been no fresh news about the company this morning but it might be a good idea for investors to take a look at a development from last week with regards to Vocal+. On June 30, the company announced that it hit a new milestone after the number of subscribers for Vocal+ went past 30000. Vocal+ is the premium version of the Creatd Inc product Vocal and had been launched back in 2020. The Vocal platform had originally been launched back in 2017.

In total, the company currently boasts of more than million members across the freenium version of Voice and for the premium service Voice+. At the time of the announcement, the Chief Executive Officer of the company, Jeremy Frommer spoke about the company’s revenue projections as well. He said that the company was confident that the net revenues for the second quarter of the year are going to be $1 million. If that happens, it would represent a threefold year on year rise in revenues.

Market Reaction:

As of 12:41, CRTD stock soared 32% at $4.11 with more than 9.52 million shares, compared to its average volume of 522k shares. The stock has moved within a range of $3.2420 – 4.5000 after opening the trade at $3.43. Over the past 52-week, the stock has been trading within a range of $2.1000 – 7.8100.