WealthMakers, a popular Wall Street Research and trading entity issued an updated research report on SPYR Inc (OTCMKTS:SPYR). The report details the short term bullish pattern as shown by SPYR on chart. The firm issued a SqueezeTrigger price of $0.38 per share on SPYR and an estimated short squeeze price of $1.90 per share. Here, it is important to mention that the company is paying WealthMakers compensation of $1,116 per month for data analysis to be covered in six monthly reports.
The price update news coincides with other news which states that Adam Tuttle will now serve as Managing Director of Media with SPYR. Mr. Tuttle has more than twenty years of experience working in digital advertising and ad technology market. He has been an important part of some of the most reputed companies in the industry. He started his digital advertising career at Alexa Internet. Being a founding member of company’s ad sales and research team, he has developed some of the first web based contextual ad techniques and campaigns and supported Amazon.com, Inc. (NASDAQ:AMZN) business directives after online retailer bought Alexa.
SPYR recently expanded its business operations and is now active in the digital publishing segment in addition to running its restaurants. There is lot of news coming from SPYR’s headquarters in the past few months. A couple of weeks ago, the company’s mobile app segment launched its second game and on June 16, 2015 the management team reported that Franklin Networks has been included in the list of the top most 250 digital publishing networks in the United States.
The future ahead
SPYR further reported that it engaged new advertisers to enhance the revenue generated by its two lead games. Plucky is already said to have recorded between 1,000 and 5,000 installs on the Google Inc (NASDAQ:GOOGL)’s Play Store and the second game has between 100 and 500 installs. The company has a revenue source and a sizeable amount of cash and does not appear like a stock pump candidate.