Last Updated: 13 Nov 2024
Executive Summary
Starbox Group Holdings Ltd. (STBX) is a digital advertising company based in Malaysia. The company provides advertising services to retail businesses through websites and mobile applications. STBX has a market capitalization of $37.37 million and trades on the NASDAQ exchange. The company's latest stock price is $1.78.
Company Overview
STBX was founded in 2010 and is headquartered in Kuala Lumpur, Malaysia. The company provides digital advertising services to retail businesses in Malaysia, Singapore, Indonesia, and Thailand. STBX's services include display advertising, video advertising, and mobile advertising. The company also offers data analytics and campaign management services.
Fundamental Analysis
STBX's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has declined. In 2023, STBX reported revenue of $12.21 million and a net loss of $6.56 million. The company's gross profit margin was 58.5%, and its operating margin was -2.9%.
STBX's balance sheet is relatively strong. The company has $12.77 million in book value and $10.3 million in cash and equivalents. STBX also has $11.2 million in debt.
Technical Analysis
STBX's stock price has been in a downtrend since early 2023. The stock price fell to a 52-week low of $1.05 in March 2023. The stock price has since rebounded, but it remains below its 50-day and 200-day moving averages.
Short Term Outlook
STBX's short-term outlook is uncertain. The company's stock price is trading near its 52-week low, and the technical indicators are bearish. However, STBX's financial performance has been improving in recent quarters, and the company's balance sheet is relatively strong.
Long Term Outlook
STBX's long-term outlook is more positive. The company's digital advertising business is growing, and the company is expanding into new markets. STBX is also well-positioned to benefit from the growth of e-commerce in Southeast Asia.
Analyst Recommendations
Analysts are mixed on STBX's stock. Some analysts believe that the stock is undervalued and has upside potential. Other analysts are more cautious, citing the company's declining profitability and weak technical indicators.
