SPYR Inc (OTCMKTS:SPYR) has caught the attention of analyst Konrad Kuhn and his publication known as the KonLin Letter. He is a leading analyst who has been selecting low priced stocks that outperform other stocks with considerable profit-making potential for more than 30 years. His monthly publication now has selected SPYR as its “Stock Pick of the Year,”
The KonLin Letter has selected SPYR as its 2015 “Stock Pick of the Year” stating what it terms an “aggressive makeover” starting in early 2015 after SPYR appointed James R. Thompson as the new CEO. The latest articles focus on company’s acquisition of Franklin Networks and its online brands. It also highlights the formation of SPYR APPS, LLC following which the company now operates in two different industries mobile apps & games development, and digital publishing & advertising.
Kuhn’s confidence in naming SPYR as his “Stock Pick of the Year” is also supported by company’s “insider” holdings, which the KonLin Letter claims as 83% of the SPYR’s total outstanding shares. The analyst states that management’s fast-paced rebranding of the company provides investors considerable opportunities while creating shareholder value. He further added that “Just think, hockey stick growth” which is a truly amazing experience.
He adds that he believes SPYR Inc (OTCMKTS:SPYR) is well positioned to generate revenues of around $12 million over the next year, and with the expected acquisitions and strong organic growth, it is projected to double in the following fiscal. It is prime reason the KonLin Letter has issued a target price of between $3.00 and $4.00 per share for SPYR stock.
In last trading session, the stock price of SPYR surged more than 16% to close the trading session at $0.624. The gains came at a share volume of 630,453 compared to average share volume of 198,327.