Are Facedrive stocks worth buying?

Asked 4 years ago

I've been particularly fond of Facedrive ever since they entered the market. A close friend is actually a part of their Rideshare program, and I'm definitely seeing potential for a good long-term profit. Are they a good choice to hold for a couple years down the road?

Facedrive Opinions on specific stocks

Andrew Moran

Tuesday, January 11, 2022

Looking at its history, it appears that Facedrive fell victim to the pump and dump, FOMO, and media hype.
The stock had traded at around $50 before cratering below 70 cents.
The financials do not look strong as total revenues have fallen, operating expenses have increased, and earnings per share have been negative.
It should also be noted that the company admitted this past fall that it suffers from liquidity problems and that it has had challenges raising capital.
Overall, the stock keeps posting fresh record lows, and there is no turnaround in sight.
That said, if your friend thinks the company is decent, you might as well buy a couple of hundred shares and put it in your back pocket and forget about Facedrive.