SOMD | Is StudioOne Media’s “X-Factor” An Old Song?

SOMD, Studio One Media, MyStudio, X Factor AuditionsPersons looking for a chance to record a music video, a video resume, or trade a penny stock like an ATM card, should look closely at Studio One Media Inc. (SOMD). After filing their 10-K for the year ended June 30, 2012 last week, its apparent sales are down significantly for the entertainment & technology company that helped a number of contestant via the Pepsi mobile MyStudio get to the X-Factor to compete. Yet, although $1.85 share is unlikely to be a number attached to SOMD stock anytime in the near future, using the penny stock like an ATM card is something that can be done for those who can track charts.

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SOMD, Studio One Media, MyStudio, X Factor AuditionsSOMD Stock Chart

Market Cap: 8.22M
Close: 0.25, down -0.02 (-7.41%)
Volume: 11,000
Dollar Volume: $2,700
High: 0.25
Low: 0.245
Trades: 3
Average Trade Size: 3,666
Authorized: 100,000,000
Issued and Outstanding: 36,412,601

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Simon Cowell’s The X Factor began its second season on the FOX Television Network by kicking off initial auditions in March which the Company’s MyStudio made meaningful contributions to. The good, the bad and the ugly contestants who were not otherwise able to attend other audition locations were able to still attempt their chance at fame via one of the Company’s seven studios which, in collaboration with Pepsi, went mobile to 19 cities across the U.S.  to give aspiring, as well as dillusional, musicians a chance to audition for the show. The end result, an incredible display of advertisement of the Company’s My Studio.

However, for the year ended June 30, 2012, sales were down over 50%; $224,928 versus $522,379 for the same 12 month period ended June 30, 2011. The weak capital markets were to blame for the constrained growth and inability to fully implement the Company’s plans to roll-out new studios. However, they were successful in gaining three patents over the past year to protect the MyStudio, AfterMaster and related intellectual property and technologies the Company has developed.

So assuming that SOMD stock price spikes each time a press release involving The X Factor is issued, the other trading sessions allow for a great stock charter  to be able to use the penny stock as a personal ATM machine to spit out $100 bills once or twice a month. After reviewing the technicals, the 50 and 100 day moving averages are identical: 0.2928. With the average volume during those two periods being 34,229 and 28,590, respectively, a play on SOMD for 2,000 shares at its current level has a potential upside of 17% or $85. With randomly scheduled news about MyStudio’s contribution to The X Factor, those numbers could double on a wee timed play.

About SOMD Stock

Studio One Media, Inc. is a diversified media and technology company. The Company’s wholly-owned subsidiaries include MyStudio HD Recording Studios, Inc. and AfterMaster HD Audio Labs, Inc. Over the past several years, the Company and its subsidiaries have been engaged in the development and commercialization of proprietary, leading-edge audio and video technologies for professional and consumer use, including MyStudio® HD Recording Studios, AfterMaster™ HD Audio and ProMaster HD™.

Click here to view the SEC filings, including the recent 10-K, for SOMD.

Bottom Line: SOMD is a penny stock to swing trade when the opportunities present itself. Volume and liquidity are always going to be an issue since insider own 10,772,881 shares, about 27% of the issued and outstanding stock.  Personally, our opinion is that SOMD stock would skyrocket if they were to have their MyStudio booths in every mall in Asia capturing the next Gangnam Style freak who explodes on YouTube.

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