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NexTech3D.AI Corp. (OTC:NEXCF) Stock Continues To Trend Lower: Here Are Key Details

Although the NexTech3D.AI Corp. (OTC:NEXCF) stock suffered from a selloff and ended the day with a decline of 6% last Friday, it should be noted that the company made a major announcement on the same day. It could be instructive to take a closer look into the development.

The Big News

NexTech3D. AI Corp announced that it had attained the capability of producing AI-powered lifestyles through the use of 3D models or even 2D photographs and then through further enhancement with lifestyle backgrounds. More importantly, the company also announced that it now offered the capability of producing images to match the specific requirements of e-commerce platforms with just a click.

Benefits of the Platform

The company asserted that the platform would be highly beneficial for e-commerce businesses in a number of ways. There would no longer be any need to spend on expensive photo shoots; the images would be produced in minutes with 1K to 4K resolution, and the images could be produced in any orientation, which would negate the need for green screens.

Additionally, the platform also offered user-friendly customization features and had been specifically created for e-commerce platforms. Businesses would be able to produce professional-grade photographs, which would help in amplifying the key features of the product.

Management Comment

Evan Gappelberg, CEO of Nextech3d.AI, comments, “Our AI photography suite available within Nextech3d.AI and the Toggle platform enables merchants of Amazon, Etsy, and eBay to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay-as-you go credit system that makes purchasing 3D models, meshes, or 3D product photography easy and affordable. We are seeing an enthusiastic response from our existing customers and new customers as well.”

Technicals

+/- EMA(20)0.0597 (-13.90%)
+/- SMA(50)0.0696 (-26.15%)
+/- SMA(200)0.1002 (-48.70%)
5-Day Perf.-13.47%
1-Month Perf.-18.28%
3-Month Perf.-5.86%
6-Month Perf.-50%
YTD Perf.-59.91%
1-Year Perf.-69.91%
RSI(14)37.72
ATR(14)0.01
ADX(14)19.91
Beta (5Y)0.75

Published by Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.

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