Penny Stocks To Watch #4: IZEA Worldwide
Another one of the top penny stocks we’ve watched breakout this month was IZEA Worldwide (IZEA Stock Report). On May 4th, the company announced a streaming event to demonstrate the latest capabilities of BrandGraph®, its newly released social intelligence platform. According to the company, BrandGraph provides analysis of share-of-voice, engagement benchmarking, category spending estimates, influencer identification, and sentiment analysis.
Why is IZEA stock moving this week? The company came out with additional progress updates. IZEA announced that it established a new relationship with a “Fortune 500 insurance company” for influencer marketing services. IZEA said it also expanded its relationships with a “Fortune 100 food manufacturer” and a leading “multi-billion-dollar furniture goods manufacturer,” among others.
“The surge of customer wins in recent weeks is simply remarkable. As of today, Q2 bookings for managed services in 2020 have already exceeded Q2 bookings for the same period in 2019.”Ted Murphy , IZEA’s Chairman and CEO
While there is a current S-3 filing in place to raise money, it doesn’t seem to have impacted the stock price much. On May 22nd the registration statement was filed. shares of IZEA stock began the quarter trading at $0.1995, have seen highs of $0.949 and traded at nearly $0.70 on Thursday. Can this trend continue into June?