Home Financial Markets Penny Stocks ALPP Stock Fell 8% On Thursday, Why?

ALPP Stock Fell 8% On Thursday, Why?

The leading operator and owner of small market businesses, Alpine 4 Holdings, Inc. (OTCQBX: ALPP) closed Thursday’s regular trading session at $3.24 a share, losing -8.37% or -$0.31 on the day. Now Alpine 4 stock has a 52-week low at $0.034, while the ALPP stock 52-week high is at $9.49. In spite of nearly 20% growth in revenue posted for 2020, the ALPP stock has plummeted.

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How ALPP performed?


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The publicly traded Alpine 4 conglomerate invests in businesses that share its disruptive DSF model, or Drivers, Stabilizers, and Facilitators. ALPP understands the inherent capacity of technology and innovation to enhance the capability of a business. Technology is a powerful force in driving innovation, which ALPP focuses on. ALPP also believes it should benefit from its holdings’ synergistic effects, create fertile ground for competitive advantage, and collaborate across varying industries.

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Yesterday, Alpine 4 announced a 19% increase in revenue for 2020. ALPP expects to report its shareholders’ equity increasing to $40 million in Q1 2021.

Revenue increased year over year in 2020 by 19% to $33.5 million. The ALPP believes that if sales were not impacted by COVID, revenue would have risen to $47 million, a 64% increase over 2019.

What helped ALPP?

Alpine 4 (ALPP) has raised more than $50 million dollars from 5 strategic institutional investment groups. Adding cash to ALPP’s financial statements isn’t the only outcome of the capital raise. The resulting cash infusions enabled ALPP to restructure debt at its subsidiary level, hire new staff, infuse cash for strategic purchasing of time-sensitive materials and finally invest in new products to differentiate.

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