Boston, MA 03/07/2014 (wallstreetpr) – Sky-Mobi Ltd (ADR) (NASDAQ:MOBI) may be the kind of stock that those who want more can go for. The stock is already good today and its tomorrow is equally unfolding well. The good thing in this stock doesn’t necessarily start or stop with the noted jump in shares in the last session, in fact, that is just the result. And there is much more that needs deciphering.
Talk about shares and the stock was changing hands at $9.18, with 23.72 percent gain to bell time. It was a day that the stock was out to write new price records, posting new one-year high of $9.74. And an exceedingly higher volume of shares than daily average was traded in the last session.
All that happened on the back of solid metrics revealed about Sky-Mobi Ltd (ADR) (NASDAQ:MOBI).
Undervalued stock
Sky-Mobi Ltd (ADR) (NASDAQ:MOBI) comes across as an undervalued stock. This means that taking it up now will eventually lead to the desired end in future. Besides the discounted price of the stock, it is also well positioned to benefit from the boom in the Chinese mobile gaming and app industry.
Sky-Mobi Ltd (ADR) (NASDAQ:MOBI) functions in the provision of mobile games and apps for smartphones. It has been established that Chinese mobile gaming industry will grow more than 94 percent to $3.4 billion this year. Yet another benefit Sky-Mobi enjoys is the fact its Maopao mobile app store comes pre-installed in smartphones sold by China Mobile – the nation’s giant telecoms operator with more than 760 million subscribers. This prospect combined with the expansive presence of Sky-Mobi Ltd (ADR) (NASDAQ:MOBI) in the industry creates a bullish picture around the stock. So then, investors are taking this into their strides.
Fast-paced growth
Sky-Mobi Ltd (ADR) (NASDAQ:MOBI) is not only set to benefit from the robust Chinese mobile gaming market, but also from the fact that it is growing very fast. The company is adding more customers every day than most, if not all, of its competitors. The company has been adding around 380,000 users on daily basis as of December. By the end of last year, the company had Maopao users totaling 110 million.
