AppSwarm Inc (SWRM)

[sweet crude]

SWRM issued .10 to .15 target

I think if you value this at a 20 PE then this target is waaay low, but i'll take it. I think we could actually run to .20 if Q1 numbers look solid in May.

AppSwarm (SWRM) Reports Profit for 2016, Receives Upgrade

(NEW YORK)–AppSwarm, Inc. (OTCMKTS: SWRM), a company that focuses on the acquisition and development of application-based technologies, receives upgrade as the company reports a profit in its 2016 fiscal year end earnings.

Reports Profit for 2016

For the twelve months ended Dec. 31, 2016, the Company reported today revenues of around $589,000, which compares to just $0 for the same twelve month period in 2015.

For twelve months ended Dec. 31, 2016, the Company reported a net income profit of $540,451, or a $0.01 EPS, as compared to a net loss of ($2,115), or EPS of ($0.001) per share during the same period in 2015.

Low PE Multiple

Based on its reported profit, SWRM stock is still only trading below a PE of 2 based on its $0.01 EPS earnings. Giving the fast growth aspect of small cap stocks of this nature a simple PE of 20 to even 40 times earnings would value this stock around $0.20 to $0.40 based on trailing 2016 earnings.

The Company stated they expect continued revenue and net operating profit growth in fiscal year 2017. Dependent upon the release to market of mobile app projects currently in development, and the completion of one or more acquisitions, the revenue and operating profit could see significant growth over the next eighteen months.

Recent Upgrade

Based on this move to profitability, postive guidance for 2017, and low PE value, SWRM was recently upgraded by Ludlow Research, a small cap equity research firm based out of New York City. In the report, Ludlow Research made note that SWRM’s growing revenues, profitability, new acquisitions, expansion into mobile eCommerce, retirement of toxic debt, and low market capitalization provides for an intriguing value trading opportunity. A copy of their most recent research update can be found at http://www.ludlowresearch.com/reports.html

About AppSwarm

AppSwarm, Inc. is a technology development and incubation company focused in accelerating the development of mobile applications and technology, fast-tracking product to market. AppSwarm partners with application developers through joint ventures, royalty agreements, marketing partnerships, and outright purchase agreements. www.app-swarm.com

Follow them on Facebook https://www.facebook.com/AppSwarm or Twitter https://twitter.com/appswarm

http://www.wallstreetnewscast.com/swrm-0405/