Creatd Inc (NASDAQ:CRTD) Stock Sees Solid Buying: Time to Hold Or Sell?
There has been no fresh news about Creatd Inc (NASDAQ:CRTD) this morning but the stock has made a strong move already and gone up by 25%. The company, which is regarded as a technology company which is focussed on creators first, had announced on June 30 that it hit a major milestone.
The company announced that its product Vocal+ managed to hit the milestone of going past 30000 subscribers. It should be noted that Creatd Inc’s main product is Vocal and Vocal+ is the premium subscription offering of the same. The product had been launched by the company back in the early days of 2020.
As per the update from the company on June 30, Vocal boasts of more than 1 million subscribers combined on its freemium model and Vocal+. Jeremy Frommer, who is the Chief Executive Officer of Creatd, spoke about the development as well. He stated that he was confident that in the second quarter of the year, the company was going to generate net revenues of $1 million.
In addition to that, he went on to say that in the coming quarter, the company will be looking to add new features so that it can attract new subscribers and also retain the existing ones.
Market Reaction:
As of 11:50, CRTD stock soared 21% at $3.86 with more than 19.79 million shares, compared to its average volume of 2.43 million shares. The stock has moved within a range of $3.5800 – 4.5000 after opening the trade at $3.72. Over the past 52-week, the stock has been trading within a range of $2.1000 – 7.8100.
