We expand our coverage of Moxian, Inc. (MOXC: Nasdaq), a developer of an online-to-offline platform to connect consumers with local businesses.
Moxian presents an interesting vehicle to participate in China’s continued strong economic growth and the country’s migration to mobile commerce. Urbanization coupled with a lack of chain stores has made China fertile ground for adoption of mobile e-commerce technology of the sort encompassed in the Moxian+ online-to-offline platform.
The Company made its debut in the U.S. equity market through a reverse merger with a publicly traded, but non-operational company. A recent public follow-on offering has put more shares into the secondary market of this otherwise closely held company. We expect MOXC to continue adjusting to the expanded flotation and improved liquidity as investors get better acquainted with the potential in the Company’s technologies and products as well as the unique opportunity the China market presents. Newly enabled with an infusion of capital, Moxian is now poised to rapidly expand its market presence with an accelerated sales and marketing program.
We have expanded our coverage with a new Speculative Buy rating and $5.25 price target. Our new report also includes financial projects for the next two fiscal years.
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