AppSwarm (SWRM) Issued $0.10 Target On Launch Of Last Mile Delivery Platform
(NEW YORK) – Ludlow Research, a New York based equity research firm, updated its opinion on AppSwarm, Inc. (OTC: SWRM), with valuation target of $0.05 to $0.10+ per share based on launch of their last mile delivery platform ‘DeliverySwift’.
Report Summary
AppSwarm recently launched their last mile delivery platform DeliverySwift on both Google Play and iTunes, and prepares to grow stores and offer delivery services to several cannabis dispensaries.
The Company is also preparing launch of their mobile carrier service called Deep Sky Mobile. Deep Sky Mobile will offer mobile carrier service for customers very much like the mobile services you may use now to include Phone, Text, and Data. www.DeepSkyMobile.com
Their mobile enterprise division would be focused on more advanced mobile solutions such as tracking network for driverless cars, drones, Smart Homes, Smart City’s, IoT, and enterprise networking.
For these reasons Ludlow Research has adjusted its valuation target on SWRM to $0.05 to $0.10 per share, based on roughly 200 million shares outstanding, or a ’speculative’ market valuation projection of $10 to $20 million.
Based on the launch of their last mile delivery platform, and new mobile carrier service, it’s in Ludlow Research opinion that $10 million valuation for this company to be fair when compared to others in the market.
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