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Grab Key Sources Here: Company Website. Company Presentation.
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And mentioned above, APCX has multiple potential catalysts that could create breakout buzz. Check them out:
No. 1 APCX Potential Catalyst - A Low(ish) Float Could Create The Potential For A Volatility Environment (Daily).
According to info from the Yahoo Finance website, APCX has a relatively low float.
In fact, the website reports this profile to have approximately 20.37Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could more positive company news in the tail half of 2024 provide a near term spark?
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No. 2 APCX Potential Catalyst - This Nasdaq Fintech Profile Has Been Heating Up In The Recent Term (Interesting Chart Positioning).
If you haven't been watching APCX over the recent term, it has been in the throws of a bullish chart surge.
Climbing over 30% from a low of $.68 towards the end of August to Tuesday's high of $.90, this Nasdaq profile has pushed above key technical chart levels (at 3:00PM EST Tuesday):
- 5-Day Simple Moving Average (SMA)
- 20-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
If support continues to grow at those levels, it could help APCX to try and take on potential resistance at its 50-Day SMA around $.92+ and its 200-Day SMA around $1.22.
And if those key technical levels break down, buzz could start swarming APCX as a potential squeeze scenario.
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No. 3 APCX Potential Catalyst - Several Company Highlights From 2024 Could Put APCX In The Breakout Spotlight!
In a recent press release, (Nasdaq: APCX) highlighted several 2024 accomplishments to date.
Here's a quick rundown:
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In August 2024, the Company successfully piloted and tested multiple portfolios, which are now ready to scale to commercial levels.
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In July 2024, AppTech successfully tested and integrated payment systems for multiple airports, building custom back-end payment systems and upgrading the airport's legacy systems. The Company anticipates rolling out these systems to over 440 airports over the next 18 months.
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Following a successful pilot program, AppTech officially launched its Banking-as-a-Service platform in May 2024. The platform supports the launch of InstaCash, offering virtual accounts, debit and credit cards, and high-yielding financial products. This initiative aims to democratize banking by providing small and medium-sized enterprises with access to financial products typically reserved for large corporations.
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In May 2024, strategic partner PayToMe.co was honored with six prestigious Stevie® Awards, including gold, silver, and bronze awards. These accolades underscore the transformative power of AppTech’s collaborative approach to technological innovation and our shared vision of driving long-term shareholder value.
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In May 2024, the Company began integrating multiple credit union backends, providing the necessary support to offer mobile to mobile payment systems, ACH capabilities, virtual card issuance, ledger management, and fraud detection. The Company plans to roll out these services to 4,000 credit union locations over the next 12 months.
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After acquiring Finzeo last year, AppTech has been focused in Q1 and Q2 2024 on consolidating, integrating, and streamlining operations to support the scaling of top-line revenue, which includes the projects mentioned above.
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No. 4 APCX Potential Catalyst - A Strategic Partnership Will Help To Empower Community Banks With A Modern Technology Solution.
AppTech Payments Announces Strategic Partnership with FISB Solutions to Upgrade Legacy Banking Systems
Over two hundred community banks represented by FISB to receive the latest neobank technologies
CARLSBAD, Calif., June 11, 2024 (GLOBE NEWSWIRE) -- AppTech Payments Corp. (Nasdaq: APCX) (“AppTech” or the “Company”), a pioneering Fintech company powering frictionless commerce, announces today a strategic partnership with FISB Solutions (“FISB”) whereby the Company will update the legacy core banking systems represented by FISB with the latest neobank technologies, empowering hundreds of community banks with a competitive advantage in the digital banking era.
AppTech Founder and CEO Luke D’Angelo stated, “The foundation of community banks are the diverse local relationships from the mayor’s office to the local hospitals, churches, schools, and small to medium-sized businesses that make up the depository base. Historically, the key challenges facing small banks are limited reach and low-end technology. Additionally, these banks require additional touch points in the community to offer new products and services. AppTech plans to introduce strategic local Independent Sales Organizations (ISO) to act as an extension for the community bank who would otherwise not have the resources to meet, greet, follow up and establish new relationships with the bank. We look forward to empowering community banks with a modern technology solution that is complemented with a team of seasoned fintech professionals to drive new customer growth at no additional cost to the bank.”
Jerry Federico, President and Founder of FISB Solutions Inc., added, "Of the hundreds of financial institutions and independent sales organizations I have worked with to deliver electronic payment solutions to small businesses, AppTech is among the very best. We are gratified to align with an established Fintech partner that shares our commitment to providing community banks and credit unions with a menu of best-in-class fintech solutions.”
Read the full article here.
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(Nasdaq: APCX) Recap - These 4 Potential Catalysts Are Must-Know Material Right Now
No. 1 - A Low(ish) Float Could Create The Potential For A Volatility Environment (Daily).
No. 2 - This Nasdaq Fintech Profile Has Been Heating Up In The Recent Term (Interesting Chart Positioning).
No. 3 - Several Company Highlights From 2024 Could Put APCX In The Breakout Spotlight!
No. 4 - A Strategic Partnership Will Help To Empower Community Banks With A Modern Technology Solution.
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Coverage is officially initiated on AppTech Payments Corp. (Nasdaq: APCX).
Get this past champ Fintech profile on your radar quickly!
Sincerely,
FierceAnalyst | Jaks Swift
Editorial Writer
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)
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