Oliveda International Inc (OTCMKTS:OLVI) Stock In Focus After Recent Earnings Update
Shares of Oliveda International Inc (OTCMKTS: OLVI) have been moving within a narrow range over the past sessions. The stock could be in focus after reporting 1 31% revenue growth for 2021.
Market Stats
On Monday, OLVI stock ended flat at $0.0515 with more than 5 shares, compared to its average volume of 2.3K shares. The stock moved within a range of $0.0515 – 0.0515 after opening trading at $0.0510.
About Oliveda International
A subsidiary of Oliveda International Inc (OTCMKTS: OLVI), Olive Tree People Inc, has over two decades of experience in manufacturing and distribution of cosmetic and holistic waterless products. Founded by German real estate Thomas Lommel, Olive Tree People Inc is a leading international natural cosmetics firm in the premium segment. The firm also has wearable health and beauty technology. The company has both presence in online as well as an offline network of 650 retail stores.
Olive Tree People Inc. Announces Over 31% Revenue Growth for 2021 and Plans Acquisition to Develop Mindfulness App for Mental Health
Olive Tree People Inc on June 13, 2022, announced that the firm witnessed growth at an above-average rate of over 31% in 2021 despite unexpected conditions including store closures, lockdowns as well as other challenges. The company is also making preparations to acquire a tech company that would be responsible for developing an app on mental health mindfulness. This will be the first step in connecting a million people in real-time.
The company has a valuation of $95 million and is currently providing common shares at a price of $1.25 per share. This is part of Regulation A+ Tier 2 offering for raising about $15 million.
More News
Last year, Oliveda International also announced the launch of OLIVEDA TV in the US in October. The company, along with its exclusive TV partner, ShopHQ, will be making a novel OLIVEDA formula known in about 87 million U.S. households in the coming months. The first broadcast of OLIVEDA TV was aired on ShopHQ on October 1, 2021.
The goal of OLIVEDA was to make magical power from the mountain olive trees, especially hydroxytyrosol, accessible to all. The firm wants to make the knowledge available to all for the most beautiful, healthy, and radiant skin by combining the 95% additional active ingredients. The company is glad on having Victoria Kinney, a successful TV shopping personality, as OLIVEDA’s Head of TV Shopping. From October 1, Kinney will be guiding viewers through OLIVEDA and Oliveda International Inc.’s wholly-owned Olive Tree People subsidiary along with ShopHQ.
An ultra-fun, digital retailer, ShopHQ provides exciting brands as well as novel products to consumers around the country. Its network provides entertainment shopping to millions of homes even as the ever-growing mobile, online, as well as social channels,invite viewers to shop and share.
Traders Corner
OLVI stock is trading below the 20-Day and 20-Day Moving averages of $0.0556 and $0.0533 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0654.