![]() ![]() The stock is down more than 87% from last year’s highs, and the company is not afraid of issuing more shares when it needs money.Ĭlick to Enlarge As a result, HMNY stock has breached both its 50-day and 200-day moving averages. ![]() Now that I’ve gotten that off my chest, let’s look at potential trading ideas for those so inclined. Helios (HMNY) Stock Options and Technicals While Helios has suggested that its only looking at the possibility of offering its own cryptocurrency, the very idea reeks of another cash grab to help offset current losses. It’s looking at its own ICO, or its own cryptocurrency to compete with the Bitcions, Litecoins, Ethereum, etc. Also, the company is not looking at the blockchain end of the crypto market, where the real future of the technology lies. Crypto is not a part of Helios’ main business model. Is it likely? Not very.Īnd then we have the company’s cryptocurrency debacle - and yes, I’m calling it a debacle. Basically, Helios needs enough subscribers who don’t use their subscriptions regularly to offset the overall cost of reimbursing movie theaters for tickets. Unless Helios finds some way to turn a profit, and I doubt very much that even doubling subscriber numbers would accomplish this, the company is in serious trouble. In fact, the recent plunge in HMNY stock comes as the company issues $105 million in new stock to gain some of that much-needed capital. (NYSE: CNK) make some profit off of actual movie tickets, the bulk of their revenue comes from concession sales and premium addons.īy its basic business model, Helios doesn’t have these add-ons, and it’s starving for cash to make up for the shortfall. (NYSE: AMC), Regal Entertainment Group (NYSE: RGC) and Cinemark Holdings, Inc. While the likes of AMC Entertainment Holdings, Inc. (NASDAQ: AMZN) online streaming, MoviePass would have made a major impact.īut Helios is beginning to realize that the real money to be made in the movie-going experience isn’t in the movie tickets themselves - it’s at the concession stand. That’s where profit margins are the fattest, and where the vast majority of subscribers exist. However, the move in entertainment media is online and mobile. There is clearly a market for MoviePass though - the service has more than one million subscribers. ![]() When I first heard about MoviePass last year, a $10-per-month subscription service for participating movie theaters, I thought it was an excellent idea that was about 10 years too late. But the honeymoon period is over, and Helios now has to figure out how to make its business sustainable … and it’s going about it all wrong. The parent company of MoviePass initially sparked a wave of bullish excitement by taking on millions of subscribers. Helios and Matheson Analytics Inc (NASDAQ: HMNY) is a hot mess. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |