On Dec. 3, 2020, Powerbridge released its fiscal first-half 2020 results for the six months ended December 2020. The Company reported a gross profit increase of $26.2% year-over-year to $5.7 million. Net loss decreased (-93.5%) to $0.02 million YoY. Revenues rose 12.9% to $14.5 million YoY. Powerbridge Technologies Co-CEO, Stewart Lor stated:
Mr. Lor, continued:
Data Risk Monitoring Platform at Nanning Customers
On July 24, 2021, Powerbridge launched the Powerbridge Big Data Risk Monitoring Platform at Nanning Customs as part of its Smart Customs initiative. Nanning Customs encompasses cross-border trade across 26 ports and marketplaces along the 497 miles. The platform enables customers agents to monitor and manage a number of regulatory and operational risks pertaining to cross-border customs declarations. The platform integrates sophisticated machine learning algorithms to automate AI-powered data analytics. Powerbridge Technologies CEO Ban Lor stated, “We are pleased that our big data platform is now successfully launched at Nanning Customs. The platform significantly enhances the level of risk control and prevention, a challenge faced by many customs agencies today, in real time. We are aggressively bringing this product across China to help customs authorities effectively manage their regulatory and operational risk control. We believe our series of smart big data solutions will be a significant contributor to our continued revenue growth.”
Using the rifle charts on the weekly and daily time frames provides a precision view of the landscape for PBTS stock. The weekly rifle chart breakout has a rising 5-period moving average (MA) at $1.66 Fibonacci (fib) level. The 15-period MA is rising at $1.73. The weekly upper BBs sit at $4.50. The weekly market structure low (MSL) triggered on the breakout through $2.32. Although this is a micro-cap meme stock, the weekly stochastic has a bullish mini pup slowly grinding through the 20-band. The daily rifle chart is in a make or break with flat 5-period MA at $5.12 and a rising 15-period MA at $3.96. The daily stochastic crossed down but is stalled for either a cross back up or a mini inverse pup down towards the 15-period MA. Speculators can monitor for opportunistic pullback levels at the $4.23 fib, $4.02 fib, $3.50 fib, $3.20 fib, $2.48 fib, and $2.13 fib. Upside trajectories range from the $6.70 fib level up to the $10.10 fib.