People tend to stay far away from IPO stocks as they still don’t fully know how they will operate. However trading that way can lose you millions of dollars! Yes, IPO stocks are hard to analyze and know where you will be heading. But there are some stocks that are no-brainer, in this article we will present for you some new stocks showing potential for great gains this year.
These stocks are Virax Biolabs Group Limited (NASDAQ: VRAX), Mobile Global Esports Inc. (NASDAQ: MGAM) and Golden Sun Education Group Limited (NASDAQ:GSUN). Don’t miss out on exploding stocks by signing up to our daily 100% free alerts!
#1 IPO STOCKS EXPLODING: VRAX
Virax Biolabs Group Limited (NASDAQ: VRAX) is a biotechnology company that works on detecting and diagnosing viral diseases. Accordingly it has products for detecting Covid-19 and Monkeypox. The innovative enterprise also focuses its efforts on the immunology field.
Virax Biolabs completed its initial public offering on July 21 and since then the stock has begun trading at the Nasdaq Market. The IPO consisted of 1,350,000 ordinary shares at a price of $5 per share. The total gross proceeds of VRAX’s IPO reached $6.75 million before deducting expenses.
The company has made headlines since then for introducing to the European market a Monkeypox PCR kit. On July 26 Virax announced the launch of its new product that detects Monkeypox and Varicella-Zoster viruses in real time. These PCR tests are currently available all Europe and can be purchased through the company’s sales team. Commenting on that Virax’s CEO – James Foster – said
This upcoming launch further demonstrates these capabilities on the heels of our successful suite of Covid-19 tests that have been revenue-generating since 2020. This PCR Detection Kit will assist in making earlier diagnoses which will help with patient treatment and management.
Although the Monkeypox is not yet a pandemic, the world is holding its breath. It is also worth noting that last month the World Health Organization confirmed that there are Monkeypox cases in 59 countries. With that in mind, a Monkeypox PCR test can heavily affect the growth of VRAX. If you are afraid to miss out on that and other major runs in NASDAQ and NYSE Penny stocks, sign up now to our alerts!
Analyzing IPO stocks on a technical basis can be complicated because there are no trends. However let’s take a look at how VRAX Stock has been doing since it first came to the market. The stock is currently trading at $11.8 with a resistance around 25.78 and a support near 5.16.
The MACD is on a bullish crossover and RSI stands at 47. On the other hand, accumulation has been trending downwards.
#2 IPO STOCKS EXPLODING: MGAM
As a mobile esports company, Mobile Global Esports Inc. (NASDAQ: MGAM) has an esports social platform. Based and operated in India since 2016, the platform includes proprietary compression technology, trademark holding and IP rights for collegiate esports tournaments and players in India.
The company announced the commence of its IPO just last Friday. MGAM’s IPO of 1,500,000 common shares with each share price priced at $4, has gained a lot of momentum among investors. The gross proceeds of the IPO is expected to reach $6 million before expenses’ deduction.
Additionally, MGAM granted the underwriters an exclusive option of purchasing an additional 15% or 225,000 shares in the following 30 days ending on 2nd of August.
Investors are bullish on that stock as it operates in a lucrative industry and holds a strong financial position. In fact the last financial records ending December,2021 shows that MGAM has zero debt and $238,000 cash on hand.
Currently trading at $12.66, MGAM stock has a resistance around 18.04. Meanwhile the RSI is at 33 and accumulation has been on a downwards trend. However the MACD is on a recent bullish crossover.
Most of the indicators are showing negative signs but with IPO stocks that’s quite expected. Keeping in mind that MGAM has a market capitalization of $55, the stock has huge growth potential. Sign up for our free alerts now so you don’t miss out when this stock hits new highs!
#3 IPO STOCKS EXPLODING: GSUN
Another international stock that made our watchlist today is Golden Sun Education Group Limited (NASDAQ:GSUN). The Chinese company provides educational tutorial services with a focus on developing each student’s unique strengths. With over 20 years of experience, Golden Sun also works on developing life-long skills and interests in learning.
On June 24, Golden Sun announced the closing of its IPO with aggregate gross proceeds reaching $20,240,000. The IPO first began on June 21 at a $4 price per share and at that time the company only expected to obtain aggregate gross proceeds of$17,600,000.
The company is planning on using the proceeds from the offering on acquisitions of tutorial centers for non-English foreign language and other centers for language training. As well as research and development of non-English foreign language courses, recruitment of personnel, working capital and other general corporate purposes.
Currently trading at an all time high of $33.8, GSUN has a primary support around 27 and a secondary one near 16.4. That 14.81% increase is a bullish sign on where the stock might be headed over the next few months.
MACD is on a bullish crossover, however accumulation has been steadily decreasing. Lastly, the RSI is at 81 indicating that the stock is overbought at the moment. This run up might not be a good entry point but keep an eye on GSUN stock as it has the potential to grow dramatically upon any news from the company.
BOTTOM LINE
IPO stocks are quite the challenge but if you are bullish on one don’t be too afraid to get in as the rewards can easily make you a millionaire! All in all, VRAX, MGAM and GSUN can all be your next great victory if you time your entries and exits just right.
As always, good luck to all (except the shorts)!
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Disclosure: We have no business relationship with any company whose stock is mentioned in this video. Viral Stocks is not an investment advisor and this video does not provide investment advice. Always do your own research, make your own investment decisions, or consult with your nearest financial advisor. This video is not a solicitation or recommendation to buy, sell, or hold securities. This video is our opinion and is meant for informational and educational purposes only and does not provide investment advice. Past performance is not indicative of future performance.
