“The Night is Young” may be an expression, even a hit Nelly Furtado song, but the penny stock of NightCulture Inc. (NGHT) is aso Young, but it ain’t so cheap. Since we first issued an alert on the electronic dance music promoters, NGHT stock has risen nearly 81% with Monday being a bulk of that increase. After the New York Times again covered how the dominant trend in American pop is taking over even Hollywood with its lively synthetic beats and booming bass lines, the thousands, even millions, that DJ’s can make for one gig could be staring traders in the face right now.
NGHT should be at the top of your list of penny stocks to watch.
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NGHT Stock Chart
Market Cap: 13.32M
Close: 0.38, up 0.11 (40.74%)
Volume:346,358
Dollar Volume: $118,257
High: 0.38
Low: 0.295
Trades: 98
Average Trade Size: 3,534
AimHighProfits Alert Price: 0.21
Percentage Gain Since Alert: 80.95%
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NightCulture is a producer of live concerts and events. Based on their presentation to investors as filed by their April 18, 2012 8-K, the Company expects revenues for the current and subsequent three years (2013-2015) to come in at $1,626,884, $4,113,605, $7,741,736 and $12,345,260 respectively. Their growth plan has them expending from 95 planned events in 2012 to 712 by 2015 in 26 additional geographic markets, driven by a combination of tour bulk purchasing and local promoter acquisitions.
About NGHT Stock
Bottom Line: NGHT needs to get on your list of penny stocks to watch if you don’t already own some. With the magical wizardry of electronic music and the ability to get every into a euphoric state of mind, the electronic trading platforms are about to light up with NGHT stock. Keep a close eye out on NightCulture because this is just the beginning.
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