Vinco Ventures, Inc.

Vinco Ventures, Inc. (NASDAQ: BBIG) is a consumer cyclical company engaged in the research and development, manufacturing, marketing, packaging, and fulfillment of consumer products. It generates revenue through sales of consumer products to retailers, distributors, manufacturers, and end-users via e-commerce channels.

Key Highlights

• BBIG reported a 47.97% decline in revenue to USD 2.69 million in Q2FY21 (ended June 30, 2021) from USD 5.17 million in Q2FY20 owing to a decrease in sales from its Edison Nation Medical division.
• Its Q2FY21 net loss was USD 183.67 million, a steep increase from USD 1.62 million reported in Q2FY20, primarily due to a USD 133.70 million loss on issuance of warrants recorded during the quarter.
• On November 08, 2021, BBIG filed the Form 10 registration statement with the Securities and Exchange Commission (SEC) relating to the intended spin-off of its subsidiary Cryptyde, Inc.
• It is currently also in merger talks with Zash Global Media and Entertainment Corp. post completion of the spin-off.
• The stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels and its RSI Index is at 33.83.
• It is trading close to the lower end of its 52-week range of USD 1.11 to USD 12.49.
• BBIG's stock price fell 38.56% in the past month.

Technical Price Chart (as of November 19, 2021). Analysis by Kalkine

Conclusion: Considering the spin-off and anticipated merger, lackluster fundamentals, and other technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 3.92, down 1.26%, as of November 19, 2021, at 1:09 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.

Powerbridge Technologies Co., Ltd.

Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS) provides Blockchain applications and Software-as-a-Service (SaaS) solutions by integrating artificial intelligence (AI), big data, and Internet-of-Things (IoT) offerings. Its Blockchain applications comprise BTC and ETH mining, IPFS distributed network services, and other industry-specific applications.

Key Highlights

• In FY20 (ended December 30, 2020), the company generated USD 26.66 million in revenue, 32.69% more than USD 20.10 million in FY19, due to an increased income from application development services.
• The net loss for the period increased to USD 18.36 million from USD 10.79 million reported in FY19.
• On September 24, 2021, PBTS' subsidiary, Powercrypto Holdings, announced its plans to launch cryptocurrency mining in Hong Kong and intends to deploy 2,600 high-performance mining rigs, covering 600 BTC and 2,000 ETH mining machines with a hashrate of 60 and 1,000 GH/s, respectively.
• Stock is currently trading below its crucial short-term (50-day) and long-term (200-day) SMA support levels and its RSI Index is at 40.63.
• It is leaning towards the lower end of its 52-week range of USD 0.95 to USD 9.65.
• PBTS' stock price corrected 81.13% in the past nine months.

Technical Price Chart (as of November 19, 2021). Analysis by Kalkine

Conclusion: Considering the increase in net losses, low-profit margins, and other technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 1.07, up 1.90%, as of November 19, 2021, at 1:09 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.