Supply@me Capital PLC is a UK-based fintech company having the ticker SYME with the LSE. The current SYME share price is 0.1246 GBX as of the close of the day on June 02, 2022. As the market gave the cold shoulder to the business, its stock prices started declining in mid-2021 that continued through 2022. Although most people would feel that the stock is too cheap for serious consideration, some experts believe the company has enormous potential. Enough market opportunities hold good promise for the betterment of the share prices.
SYME share price outlook
During 2021, Supply@me Capital PLC made significant progress on various fronts. The company considered an alternative finance specialist is aggressively working to execute agreements with clients worldwide. In early 2022, the group’s trading update indicated that the company signed a binding agreement with its first investor to provide funds for the shelved inaugural Italian inventory monetization project. Moreover, the company’s then newly acquired inventory monetization platform TradeFlow was on the way to exceeding expectations with its superlative performance. The continuously growing global trade financing market provides enormous growth opportunities for SYME. It will undoubtedly impact the SYME share price LSE.
Being aware of the intense competition, SMYE is working to produce a unique structure and product that could put the company ahead of the curve. Moreover, as the company’s fundamentals improve, it should directly impact the share price SYME.
It will take some time
The company needs some time to prove its potential and worth. Market watchers and investors should bear this in mind to see concrete results. Many experts know the company will likely lose money over the next two years. And the chances of improved share price SYME are bleak.
Arranging for more funds
Although experts are hopeful the company is turning around, it is taking longer than expected and preventing investors from showing interest in it. The longer the company takes to come out of the red, the more money it needs. In the past, the company depended on the shareholders for funding to keep operations going. Anticipating the additional funds the company would need, the management increased the number of shares from 9 million to 27 billion over 6 years.
Despite agreeing about the company’s potential, market analysts and experts do not see an upward trend in SYME share price anytime soon. Only when the business can demonstrate that its days of struggle are over and it is moving on the path of growth will the chances of retail and individual investors showing interest in the stock seem bleak.
