Powerbridge technologies Co. Ltd. (NASDAQ:PBTS) Stock Down 5% In a Week: A Good Opportunity?
Powerbridge technologies Co. Ltd. (NASDAQ:PBTS) fell 5% and down for the week. The company has announced that it is developing a blockchain-enabled Supply Chain Management SaaS platform. Powerbrige is focusing on spearheading its foray into Blockchain tech as it seeks to integrate and optimize conventional supply chains systems.
In addition, the company focuses on offering cutting-edge tech in the Internet of Things, Blockchain, AI, and Fintech. Also, the company offers SaaS services and solutions in other fields, including smart cities, cross-border trade, and government services.
The Supply Chain Management Saas Platform powered through blockchain tech will connect logistics service providers, suppliers, retailers, and distributors through an integrative network that facilitates real-time data sharing for all participants. The company expects the platform to be applicable in a practical context with enhanced business integration. Most importantly, the blockchain platform will produce sustained growth in revenue growth for the company. In addition, the company will expand the solution to sectors like supply chain finance tech. So in the coming weeks, PBTS is a stock to watch.
Market Reaction:
On Tuesday, PBTS stock fell 5.15% at $1.29 with more than 2.86 million shares, compared to its average volume of 2.73 million shares. The stock has moved within a range of $1.2201 – 1.4500 after opening the trade at $1.46. Over the past 52-week, the stock has been trading within a range of $1.0700 – 9.6500.
