In an ARCE Research analyst report
issued late last week, analyst Juan Gutierrez discusses the fundamentals behind
the recent decline in IFAN Financial’s share price before highlighting the
numerous growth opportunities that await the development-stage company.
View the free report here:
http://bit.ly/-IFAN-AnalystReport
IFAN shares currently trade around
$0.33, below their moving average of $0.49 and a steep drop from the 2015 high
of $1.01. The analyst calls the decline a “parabolic movement” bringing shares
back to the levels seen last year.
“The stock trend has been downwards
throughout the month of March starting from $0.38 on March 2nd, but in the last
week it showed signs of a possible change towards a sideline trend,” Gutierrez
states in the report, noting that the company’s valuation would benefit from
improved basic financial metrics.
California-based IFAN Financial is
developing the next generation of mobile payment transactions. Together with
its wholly owned subsidiaries, iPIN Technologies and Mobicash America, IFAN
designs, develops and distributes software that enables modern mobile payments
via debit card and corresponding PIN number for purchases and peer-to-peer cash
transfers made online via mobile phone, tablet or computer.
Thanks to a recent overhaul of its
website, investor relations material, and general market buzz, the company’s
technologies are earning broader market attention.
“IFAN Financial is starting to get
noticed for its portfolio of products, but the role of the company in the
dynamic market where it’s operating is still to be decided,” states Gutierrez.
This “dynamic” market is the $50
billion U.S. mobile payment market that Forrester research projects will more
than double to $142 billion by 2019.
In questioning whether IFAN has the
tools needed to succeed in this market, the report highlights several of IFAN’s
strategic moves, including product beta testing, industry partnerships and the
anticipated launch of its iPIN Technologies products, slated for next quarter.
“The second quarter of 2015 will be a
decisive period for the company with the possible release of the iPIN
Technologies’ products and the beta testing that is undergoing with Vanvit
which, according to J. Christopher Mizer, President and CEO of IFAN Financial,
is ‘the final step of testing before we go live with the prepaid portion of our
iPIN Technologies platform, an achievement that represents a significant
milestone in the development of IFAN’s business,’” ARCE Research states in the
news release announcing the availability of the report.
For more information about IFAN visit
http://ifanfinancial.com
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