Helix TCS Stock (OTCMKTS:HLIX): A Fundamentally Attractive Investment

Helix TCS Stock (OTCMKTS:HLIX) is turning out to be an interesting pick after a steep pullback in 2019. The stock appears to be trading at a big discount going by the solid fundamentals that support a bounce back from current lows. If you are looking for a company seeing plenty of opportunities on the horizon then Helix TCS stock fits the bill.

Helix TCS Stock Catalysts and Price Analysis

The company is currently ranked at number 32 on the Deloitte Technology 500 fastest growing companies. The impressive rating stems from the company reporting impressive financial results depicted by an 80% increase in revenue and a 39% increase in cash flow from operations.

Likewise, the company has moved to strengthen its prospects in the hemp business by launching the nation’s first hemp tracking system. Similarly, the company has inked a strategic partnership with Alt Thirty Six for the launch of digital payments targeting thousands of dispensaries across the U.S

Reports that Helix TCS BioTrack traceability stem processed over $11 million transactions in the first week of recreational sales attest to what could turn out to be a break out year for the company and its technology.

It thus does not come as a surprise that the company’s stock has started to pick up some steam after a roller coaster 2019. A 10% plus rally since the start of the year affirms renewed investor interest in response to the wave of positive developments in recent weeks.

After a recent spike higher, the stock faces immediate resistance at the $0.63 level as part of the bounce-back play. A rally followed by a close above the $0.63 level should open the door for the stock to make a run for the $0.77 mark, the next substantial resistance level.

The stock rising and finding support above the $0.77 mark should bring to an end the sell-off wave that had plunged the stock to all-time lows. Conversely, failure to take out the $0.63 level could leave the stock susceptible to further drops in continuation of the long-term bear trend.

About Helix TCS stock

Helix TCS casts itself as a leading provider of crucial infrastructure and technology that helps licensed cannabis businesses stay competitive in the multi-billion-dollar industry. The company boasts of an array of proprietary technology and security services used in enhancing supply management as well as asset protection. The company’s solutions are currently in use in over 2,000 customer locations in 38 states across the U.S and six countries.

BioTrack System Boost

Helix TCS sentiments and prospects have edged higher in the market on the confirmation that its proprietary BioTrack traceability system used in adult-use marijuana sales has processed over $11 million worth of sales.

On its first day of use in the state of Illinois, the system processed over $3.2 million in transactions with the numbers expected to continue increasing as the state continues to issue more licenses. The BioTrack system is designed to provide licensed cannabis operators a platform for managing business and maintaining compliance.

Digital Payment Opportunity

Likewise, Helix TCS has inked a partnership with Alt Thirty Six to enable digital payment payments in-store as well as online and on delivery services. The partnership will allow thousands of cannabis dispensaries across the U.S to accept digital payments consequently alleviate the risk of dealing with cash and credit cards.

“The primary mission of Helix Technologies is to be the leading provider of critical infrastructure services in the cannabis industry. By partnering with Alt Thirty-Six, we are able to provide our dispensary partners with yet another tool to help them run an efficient and compliant business,” said Moe Afaneh, COO at Helix BioTrack.

The unveiling of the BioTrack system in Illinois comes hot on the heels of the company launching an integrated hemp-tracking module in Delaware. The system allows operators to import hemp derivatives into medical cannabis products consequently ensuring patients get exactly what they asked for.

Bottom Line

The tide is slowly turning in favor of Helix TCS stock after coming under immense pressure in 2019. Improved operational efficiency with the launch of the BioTrack system is one of the key developments that continues to shape the company’s prospects.

Strategic acquisitions, as well as an increased focus on the customer and targeted internal improvements, should continue to drive growth and consequently shareholder value going forward. Improving fundamentals and positive developments provide clear evidence of positive trend materializing. In our view, Helix TCS stock looks set to continue bottoming out from current lows

We will be updating our subscribers as soon as we know more. For the latest updates on Helix TCS stock, sign up below!

Disclosure: We have no position in Helix TCS stock and have not been compensated for this article.