Glucose Health Inc. (OTCMKTS:GLUC) Stock Jumps 4% After Announcing Quarterly Earnings
Glucose Health Inc. (OTCMKTS:GLUC) was up 4% after the company released financial highlights for fiscal Q3 2021 for the quarter ended September 30, 2021.
Market Stats
On Wednesday, GLUC stock gained 4.50% at $2.11 with more than 6k shares, compared to its average volume of 14k shares. The stock has moved within a range of $1.9800 – 2.1100 after opening the trade at $1.98.
Earnings Recap
In Q3 2021, the company had revenue of $134,930 compared to $126,504 a year ago, representing 86% YoY growth. For the nine months since the start of 2021, the company reported a 110% YoY revenue increase to $759,498. Glucose Health’s Q3 2021 gross profit was $85,714, and for the nine months, it was $279,748.
Based on the exceptional sales and reviews on the Amazon marketplace, GLUCODOWN has continued to grow in popularity among consumers. Thousands of reviews posted on Amazon show with seven out of the eight GLUCODOWN flavors obtaining 4.5-star ratings. Furthermore, all double-packs have received 4.5 and 5-star ratings. The most common reasons for customer satisfaction with GLUCODOWN purchases are the health advantages and great taste. The company will also update its IP effort initially mentioned in the January 4, 2021 news release. Investors should keep an eye on GLUC.
Traders Corner
GLUC stock is trading below the 20-Day and 50-Day Moving averages of $2.19 and $2.48 respectively. Moreover, the stock is trading below 200-Day moving average of $3.45. The stock is down 17% in the past 3-month.
