The stock of Powerbridge Technologies Co., Ltd. (PBTS) gained in the Pre-market after the company announced that they are launching power stream supplies to target new opportunities in the retail sector. The stock valued at $0.65 in the pre-market gained more than 4.84% from the previously closed value. At the end of the last trading session, the stock was valued at $0.62. The volume of the stock traded in the last trading session was approximately 4.78 million shares.
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Reason for the PBTS stock gain
Powerbridge Technologies Co., Ltd. (PBTS) is a Blockchain application as well as SaaS solutions provider in a press release on 20th December 2021 announced that they are launching powerstream supplies to target new opportunities in the retail sector.
A supply chain financing platform and ecosystem are being created by Powersteam. It is being created by utilizing blockchain and big data that involves enhanced retail and new media as well as live streaming s-commerce. This new platform by Powerstream will integrate the offline as well as online sales and supply chain to create a new dynamic retail world.
The platform by Powerstream ensures the business value chain as well as the promotion of real-time resources sharing and information about the different participants in the whole supply chain. This will improve the efficiency of the capital turnover by the utilization of the innovation in the closed-loop capital service model.
Effect on the stock
The investors responded positively to the news of the company that they are launching powerstream supplies in order to target new opportunities in the retail sector. The decisions will play an important role in their efforts to strengthen their business and solve the problems of the supply chain by using blockchain and big data. Investors are expecting that with this decision the productivity of the company will increase and is expected to increase its profits in the upcoming quarters. If everything goes as per the plan the stock of the company could give a significant capital gain in the future.
Conclusion
This is a big decision for Powerbridge Technologies Co., Ltd. (PBTS) and is expecting to bring exciting results in their productivity as well as profitability along with keeping up with the goals of utilizing an innovative supply chain powered with block chain and big data.
