When any company’s share price skyrockets by 750% in less than a month, it is time to pay attention. This is exactly what has happened in the case of SGOCO Group (NASDAQ: SGOC) shares.
If you want to find out all of the key information you need to know before you invest in SGOCO stock, you have come to the right place. This article explains what the company is, what it does, why it has surged in value and whether or not you should invest.
If you want to buy SGOC shares right now, simply scroll down to the section immediately below and click on one of the links: these are the best places to buy, sell and trade SGOCO shares today.
How & where to buy SGOCO stock online
To buy SGOC stock in the UK and elsewhere, sign up to one of the low-fee stockbrokers below. Just click one of the links, enter a few basic details and fund your account. Then, you will be ready to invest in stocks and shares today.
Here are the two best platforms to buy SGOCO Group shares right now:
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What is SGOCO Group?
Formerly known as SGOCO Technology, it is a financial company that is based in Hong Kong. It engages in the money lending business throughout Hong Kong and Australia, offering mortgages, and personal and corporate loans. The company is listed on the Nasdaq stock exchange under the ticker, SGOC.
In addition, SGOCO Group develops and operates an online financial marketplace that allows big institutions to connect to its users via a mobile application. Furthermore, the company offers API and SaaS services to a wide variety of clients.
There has been no news or analyst coverage to create this recent share price surge, and it appears to be the interest of retail investors that has unleashed SGOCO’s value.
Should I buy SGOCO Group shares?
Despite the jurisdictional risk, SGOCO is a growing company with a wide variety of revenue streams. If you believe in the company’s business model and have conducted your own due diligence, buying shares and holding them for the long term could be a good move.
In addition, while the heavy involvement of retail investors will likely cause short-term volatility, stock traders may be able to use this to their advantage.
SGOCO price target 2021
Our SGOC price forecast is as follows: up to $30 by year end, a substantial increase on its current price of $15.