TSNP delivered double digit stock returns since we covered the company in Tesoro Enterprises, Inc. To Start HUMBL Studios. Remember that we noted that demand for the stock was massive:
“Currently trading with a market cap of more than $700 million, TSNP appears to be an extremely profitable play. The fact that we don’t have a lot of information makes a position in the stock a bit risky. With that, the demand for the stock appears to be extremely high.” Source: Tesoro Enterprises, Inc. To Start HUMBL Studios
Very recently, the company announced a new positive development. TSNP or HUMBL, Inc. noted the launch of a new division called HUMBL Financial. According to the press release, from now onwards, the company will offer blockchain-based financial services in new areas like credit card services and lending.
The company disclosed a target market with thousands of potential customers. According to the press release, TSNP expects to be a competitor of ANT Financial and AliPay ($BABA):
The company’s management is moving very fast. HUMBL expects to open offices in Singapore, and will most likely offer proprietary trading algorithms and other financial services to global institutions.
In our view, the new initiative represents a large target market. Notice that the global blockchain market size is expected to grow from $3.0 billion in 2020 to $39.7 billion by 2025. Experts believe that the market could grow at a CAGR of 67.3% from 2020 to 2025. HUMBL could make a lot of money in the coming years.
What’s Next?
As we noted in previous articles, the market is waiting for TSNP to deliver its financial statements. Many traders want to know the amount of cash in hand owned by the company. In our view, if the company shows a good amount of financing, the share price will head higher.
Other traders are also looking at the amount of countries where HUMBL offers services. In our opinion, HUMBL shares are worth more if the HUMBL app is available in more countries. With this in mind, buying shares as HUMBL expands in its existing markets appears smart:
My Take
With a significant amount of stock demand, HUMBL, Inc. appears to be a company to be followed closely in the coming years. Many new traders are buying shares as HUMBL delivers more new products, and is present in more countries.
We don’t see why the share price would stop its upward trend. If the company continues to deliver positive developments, traders will most likely react by pushing the share price up.
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Disclosure. We don’t own shares of the company, and we were not paid to write this article.
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