And, Deloitte says in their Finance 2025 report, “The technologies needed to reimagine fi-nan-ce are here and they will only get better…” (2)
There hasn’t been a global shift like this on the horizon since the railroad, or the internet.
Even if you owned every single share of Amazon, which completely revolutionized the entire retail space, that would be worth somewhere around $1.6Tn. (3)
While that is definitely not pocket change, it’s still less than the $2.5Tn market this new tech could revolutionize.
More from the company website.
As I mentioned above, this profile has several potential catalysts that could fuel a vertical chart move in the near term. Here's what you need to know:
#1. APCX Potential Catalyst - Low Float Profile/Possible Volatility
According to the Yahoo Finance website, APCX has a low float.
The website reports this profile to have approximately 10.37Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
#2. APCX Potential Catalyst - Major Acquisition (Definitive Agreement) News Could Be A Sign Of What's To Come
AppTech Payments Announces its Intent to Acquire Hothand Inc., Bolstering its Patent Portfolio
CARLSBAD, Calif., April 19, 2022 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (“AppTech”) (NASDAQ: APCX) a Fintech company powering commerce experiences, is excited to announce its definitive agreement to purchase Hothand Inc. (“Hothand”), a patent holding company which owns the intellectual property rights to a wide array of mobile credit/debit transaction and mobile search, location, offer, and payment fields.
AppTech will acquire Hothand’s portfolio of twelve patents focused on the delivery, purchase, or request of any products or services within a specific geolocation and time provided by a consumer from any cell phone anywhere in the United States. Hothand’s family of patents also includes advertising on mobile phones within the application, where the products or services are purchased...
Luke D’Angelo, AppTech CEO commented, “The acquisition of Hothand’s patents will bolster AppTech’s highly anticipated technology stack, which will bring the company to the forefront of the fintech industry. We plan to begin writing and filing a more comprehensive patent combining our technologies with those of Hothand, which will serve as a cornerstone of AppTech’s upcoming product offerings.”
The purchase price is a combination of cash and stock. Under the agreement, AppTech will acquire Hothand’s patent portfolio which includes USPTO 7,693,752; USPTO 8,554,632; USPTO 8,799,102; USPTO 9,436,956; USPTO 10,102,556; USPTO 10,127,592; USPTO 10,600,094; USPTO 10,621,639; USPTO 10,846,726; USPTO 10,846,727; USPTO 10,909,593; USPTO 11,107,140.
Read the full article here.
#3. APCX Potential Catalyst - A Spate Of Recent Hires Could Signal Something Big On The Way
So far in 2022, APCX has announced several new hires to the company.
Could these experienced individuals add value to this company in unimaginable way?
Check it out for yourself:
#1. AppTech Payments Appoints Julia Yu as Senior Vice President of Corporate Finance and Accounting
“We are continuing to attract and build a robust team at AppTech, and we are excited to have Julia lead our accounting and finance functions as we look to substantially grow our organization,” said Luke D’Angelo, CEO of AppTech Payments Corp. “Julia has built a distinguished career as an accounting and finance professional in fast-growing companies. This experience will become critical as we begin to launch our payments platform and consider further acquisitions.”
#2. AppTech Payments Corp. Welcomes Howard Fish as Director of Sales and Business Development
Chad Nelley, COO of AppTech Payments Corp., commented, “Howard’s leadership talent, deep understanding of the Fintech space, combined with his extensive background and experience in selling financial technology solutions make him a great fit for AppTech’s anticipated business development growth over the coming years! We are excited to welcome Howard and have him lead such a critical area of our business.”
#3. AppTech Payments Corp. Kicks off 2022 By Welcoming Nicholas Nolasco and Scott Carnley as Senior Leaders within the Company’s Research, Development & InfraOps Team
AppTech CTO, Ben Jenkins, commented, “I’m extremely pleased to welcome Nick and Scott to our technical leadership team. Their extensive background in building enterprise solutions, as well as their tremendously valuable insight and talent brought forth from years of developing and leading innovative platforms at scale will anchor AppTech’s growth well into the future.”
#4. APCX Potential Catalyst - Oversold Leaning Technicals Provide Reversal/Bounce Potential
Going into Tuesday's opening bell, Barchart was reporting this profile to have several oversold leaning technicals.
These technicals could be signaling a healthy reversal in the near term.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals (going into Tuesday's opening bell) that could signal APCX to be leaning oversold and on the verge of a potential reversal.
- 9-Day Relative Strength Index: 27.42%
- 14-Day Relative Strength Index: 32.26%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 12.64%
- 14-Day Williams %R: 87.36%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
#5. APCX Potential Catalyst - New Observers And Added Exposure?
AppTech Payments Corp. Announces Pricing of $15.0Mn Underwritten Public Offering and Nasdaq Listing
The Company has received approval to list its Common St-ock and Warrants on the Nasdaq Capital Market, with its Common St-ock trading under the symbol “APCX” and the Warrants trading under the symbol “APCXW”, with trading expected to begin on January 5, 2022. In connection with the offering, the Company will effectuate a reverse split of its issued and outstanding Common St-ock at a ratio of 1-for-9.5. The reverse stock split is expected to be effective on or about 8:50 a.m., Eastern Time, on Wednesday, January 5, 2022. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse st-ock split.
Read the full article here.
APCX Recap: 5 Must-Know Potential Catalysts For This New Nasdaq Profile
#1. - Low Float Profile/Possible Volatility
#2. - Major Acquisition (Definitive Agreement) News Could Be A Sign Of What's To Come
#3. - A Spate Of Recent Hires Could Signal Something Big On The Way
#4. - Oversold Leaning Technicals Provide Reversal/Bounce Potential
#5. - New Observers And Added Exposure?
Coverage is officially initiated on APCX. When you have time later, do this: