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Friday, October 7, 2022

Today’s Watch List: Changing Technologies Inc (OTCBB:CHGT)

Changing Technologies Inc (OTCBB:CHGT) is moving up again off its base at $0.40 on accelerating volume. The stock has a history of big moves running from $1 to $5 last year after first hitting the bb’s.

The Company said on January 27 that industry research firm Gartner, Inc., forecasts that worldwide 3D printer shipments will double in 2015, rising to 217,350 units from last year’s total of 108,151.

What’s more, Gartner predicts that 3D printer shipments will continue to more than double every year for the next three years, when worldwide shipments are forecast to surpass 2.3 million units. Key market drivers for new 3D printers include lower prices, improved performance and increasing availability.

The stock has seen a recent explosion in price and interest after reversing off recent low of $0.24. The Company continued ”Tailoring 3D printed gifts to consumers that spent over $3 trillion dollars on gifts during the 2013 holiday season, domestic retail giant Target Corporation TGT, -0.11% is offering an exclusive holiday collection of personalized 3D printed products to consumers.”

Changing Technologies Inc (OTCBB:CHGT) or as they like to say “ChangingTechno” – came to life in an era where personal performance and health data is driving a revolution of applications, information, and technology. ChangingTechno derived its purpose from the need to explore and offer apps primarily focused on improving personal and business productivity and health and fitness monitoring.

The iPhone industry and apps have boomed. This growing market opens unique opportunities to connect individuals with experiences that can improve the lifestyle and longevity. As of now there are over 1,250,000 approved apps in the app store making it a lucrative market for the smartphone users, developers, and brands. CHGT mission is simple – build apps that people will use and that companies can monetize.

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The Company is based in Texas with a team of industry-proven gurus made up of user-interface (UI) experts, certified project managers, user experience (UX) engineers, and skilled developers working under one banner: change the reality of smartphones into an engagement platform.

On October 16, CHGT announced ‘CHGT CEO Expects Retail Factor to Boost Thriving 3D Printer Materials and Services Market, Forecasts of $10 Billion – CHGT Omar T. Durham says the demand for 3D printer materials and services, a sector forecast to reach $10 billion by 2018, is likely to exceed expectations as the technology moves into the mainstream and becomes readily available to consumers in retail environments.

Mr. Durham went on to say “As more consumers and businesses become familiar with the cutting-edge advantages 3D printing technology offers and are given easier access through mainstream environments, like retail, the market for services is surely going to shatter expectations,” Durham said. “CHGT not only expects the demand for 3D printing services to continue to escalate as analysts predict, but we also expect to capitalize on this booming market segment by continuing to explore new 3D printing innovations, secure strategic partnerships and revolutionize on-demand for consumers in a variety of environments.”

CHGT subsidiary 6th Dimension Technologies (6D3D) will be offering high-quality, professional-grade on-demand 3D printed items at its retail kiosks. Currently a technology not easily accessible to mainstream consumers, 6D3D users will be able to customize items such as arts and crafts, jewelry, mobile phone cases, figurines and licensed miniatures with groundbreaking personalization options.

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Currently trading at a $25 million market valuation CHGT has limited operating history and little real fundamentals. But the stock does have a history of spectacular moves running from $0.50 to over $5 per share a few months ago. When this one starts running Investors need to pay attention and it looks as if they are starting to notice as CHGT is upward bound.

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Disclosure: we hold no position in CHGT either long or short and we have not been compensated for this article.

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