Over the course of the past couple of months, the Alpine 4 Technologies Ltd (OTC: ALPP) stock has emerged as one of the more eye-catching gainers owing to a range of developments. The company, which owns and operates, several small businesses, saw its stock decline by as much as 50% on Wednesday.
While the decline in the stock price is significant, it should be noted that the stock is still up by as much as 6000% over the past two months.
Yesterday, Alpine 4 provided an update with regards to the preliminary revenue projections for the full year 2020. The company projects that its revenues is going to be in the range between $33.5 million and $35 million.
If that happens, then it would be able to record revenue growth in the 19% to 24% from its revenues in 2019. While the market did not quite take kindly to the update, it remains to be seen if the stock can regain its losses today.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.