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Home ANALYSIS

Tesoro Enterprises, Inc. To Start HUMBL Studios

Jacob Saphir by Jacob Saphir
in ANALYSIS, EARNINGS, EMPRESAS PRIVADAS, FASHION & TRENDS, FEATURED, FeaturedNews, IPO, LARGE CAP, MOMENTUM STOCKS, Short, Uncategorized
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Shareholders of Tesoro Enterprises, Inc. (TSNP) are celebrating the most recent stock price dynamics. From December 17, 2020, the share price has increased more than 100%. The fact that the company launched HUMBL Studios explains the reaction of traders. In this article, we will assess the new information delivered by TSNP.

TSNP And HUMBL Studios

Tesoro Enterprises, Inc. or HUMBL, Inc. delivers high quality, low cost digital payments and financial services.

Among other products, the most interesting new development is HUMBL Studios, which is expected to offer digital pairing experiences for merchants and consumers:

HUMBL Studios will allow global merchants in areas such as art, clothing, jewelry, fashion, soft goods and other merchandise, with the opportunity to create authentic online shops within the HUMBL Marketplace, as well as save up to 50% on listing fees versus other online shopping portals.

According to Jennifer Edgerton, VP of Omni-Channel at HUMBL, the company’s strategy is connecting small businesses and bringing them into client’s homes. At the moment, we know little about the company’s new tool. However, it appears clear that the market liked the initiative quite a bit. In my view, investors will do good by assessing the company’s news. If TSNP delivers a few more details about HUMBL Studios, the share price may be pushed up to higher marks.

The Release Of The New Financial Statements May Make The Share Price Increase

As we noted in the most recent article, TSNP executed a merger with HUMBL. As a result, most readers will be expecting the company to release new financial accounts. HUMBL was a private company, so we know nothing about its assets and liabilities. If the share count does not increase, and the new combined company reports sales growth, traders may push the share price up. With this in mind, I would recommend following every single communication released by TSNP. In my opinion, only those traders who study the financial statements carefully will get paid. 

Forget About Short Sellers

You normlly find short sellers in every single listed company. TSNP is not an exception. Very recently, one trader delivered a bearish article about TSNP. I will not give my opinion about the analysis made by Seeking Alpha’s “Gold Panda.” However, I will only mention that a short position in a growing company is most of the time not profitable. Also, notice that the company responded to the Seeking Alpha post:

Tesoro/HUMBL management are fully supportive of anybody’s right to free speech and opinion. We are also supportive of anybody’s right to make their investing decisions based on the opinion of Seeking Alpha’s, “Gold Panda,” an anonymous Bulgarian cyber-blogger, who not only criticizes HUMBL, but blockchain technology in general. Therefore, we will not comment on the credibility of the Seeking Alpha article but invite accredited journalists and financial analysts to discuss our endeavors with us.

Conclusion

Currently trading with a market cap of more than $700 million, TSNP appears to be an extremely profitable play. The fact that we don’t have a lot of information makes a position in the stock a bit risky. With that, the demand for the stock appears to be extremely high. Stock traders don’t want to wait for TSNP to deliver the new financial statements. They are buying shares with the hope that the new numbers will be beneficial. As we always do, we recommend you to do your own due diligence on the stock.

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Disclosure: We don’t have shares of TSNP

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Tags: BitcoinBlockchainemerging marketsHUMBLHUMBL StudiosInc.Tesoro EnterprisesTSNP
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