Date : May 15, 2018

New Opportunity:  Carsmartt (OTCMKTS: CRSM)

Carsmartt is a Silicon Valley startup in the explosive Ride Share space. The company is also a recent entrant into the worldwide financial juggernaut that is the Cryptocurrency and blockchain market.

The stock’s float is relatively limited, constrained to around 42M shares. That can lead to explosive action… just ask folks who were watching this name in December when shares screamed higher by more than 2,500% in just two days.

At this point, the stock is in an uptrend and has pulled back to test support at the widely watched upward sloping 200-day simple moving average, and the chart looks primed with potential right now.

The pullback could be a gift, with both blockchain and rideshare independently deserving attention. But this interesting emerging player is picking up steam from both themes, and it only makes sense to imagine the buzz will potentially build from here for this stock.

Symbol:  CRSM

Company:  CarSmartt Inc.

Quote:  http://finance.yahoo.com/q?s=CRSM

Latest News:  http://finance.yahoo.com/q/h?s=CRSM+Headlines

Company Website:  http://www.carsmartt.com

Who is CRSM

crsm stock

Who is CRSM

Carsmartt (OTCMKTS: CRSM) bills itself as “a start-up company of the revolutionary APP. CARSMARTT.COM a ride sharing concept located in Palo Alto CA. (Silicon Valley),at CarSmartt we aim to make long distance traveling safer and more affordable, while connecting with people along the way. CarSmartt members can choose to share a ride or ship a package with the option of applying insurance coverage. All CarSmartt drivers are subject to a background check to reassure the safety of passengers. CarSmartt is currently now active in the USA and ITALY. However, our company will soon continue to expand to Europe and Canada.”

As noted above, this is a new and possibly emerging play in the explosive rideshare space. Uber was the real first mover in the space and has paved over many obstacles, laying an educational path in its wake, and helping younger companies like Carsmartt utilize market-tested strategies for issues like driver background checking, passenger safety, vehicle standards, and app adoption and feature design.

According to a recent Statista research piece, revenue in the Ride Sharing segment will amount to roughly $11.8 billion in the US in 2017. But significant growth lies ahead, with the number of users expected to explode to 72.4 million by 2022. The average revenue per user (ARPU) in the Ride Sharing segment amounts to $260.90 in 2017. If we carry that math forward, the market is set to expand to nearly $19 billion over the next five years – growth of nearly 40%.

With a market volume of $22.5 billion in 2017, most revenue is actually generated in China, suggesting there is room for the company to continue its global expansion trend and bump growth rates. The company has also recently moved into the $300 billion parcel shipping market with its recent deal to insure parcel delivery in its ride share vehicle force.

But the big excitement building at the company right now is the prospects for its new CoinSmartt segment. The company has entered into a significant agreement to do an ICO for its own cryptocurrency as well as manage an operating cryptocurrency mining facility.

Recent Catalysts

CRSM stock

May 15, 2018 / CarSmartt®, (OTC PINK: CRSM), President Roy Capasso, is pleased to announce the Mining Boys, Inc. facility in Georgia has completed its first phase of the expansion of its electrical capacity. It has completed the installation of 12 electrical panels with approximately 200 Amps. This will allow the Company to host approximately 300 Miners and he reports the second phase of the Electrical work has begun with the installation of a new transformer with the capacity of 1,500 KVA to be supplied by the local electrical company. This will provide an additional 4000 Amps to host approximately 500 additional Servers.

Mr. Capasso is pleased to report the continued growth in revenue from Mining Boys Inc. retail operations. He reports that from May 1 to May 14, 2018 Gross Revenue is $39,791 and he reports a net profit of $18,158.

CRSM  stock quote
CRSM stock

Mining boys, Inc. is the first retail store of Mining servers in USA, a Florida corporation with its retail location at 531 Jefferson Avenue, Miami Beach, Florida, 33140, http://www.miningboys.com. Mining boys retail operations sell, own and host bitcoin mining servers. The Company has both retail and its own mining severs and receives profit from its retail sales and recurring revenue from its hosting facility in Georgia. POSoBIT is owned by Mining Boys, Inc.

Technical Analysis

At this point, the CRSM pullback in shares has reached a strong-handed support zone according to our analysis. The prior breakout point is now under as key support along with the rising 200-day simple moving average. The stock is also registering bounce potential with RSI scoring a sub-40 dip in recent days, which often technically represents an oversold reading that can stack the odds in favor of some bounce action ahead.

The combination of oversold RSI readings and a rising major moving average supporting the tape is just what we like to see, especially with a pretty small float like this one.

The chart spells out some reasonable range targets above that could act as potential magnets on coming developments from the company. The last time they updated the Crypto roadmap, the stock shot just shy of 3,000% in a couple days. Who knows what we may see if they update their progress and establish a key date for the ICO.

CRSM.Chart

About CRSM

srsp car pool

About CRSM

Carsmartt (OTCMKTS: CRSM) is a start-up company of the revolutionary APP. CARSMARTT.COM a ride sharing concept located in Palo Alto CA. (Silicon Valley),at CarSmartt we aim to make long distance traveling safer and more affordable, while connecting with people along the way. CarSmartt members can choose to share a ride or ship a package with the option of applying insurance coverage. All CarSmartt drivers are subject to a background check to reassure the safety of passengers. CarSmartt is currently now active in the USA and ITALY. However, our company will soon continue to expand to Europe and Canada.

Key Points:

  • CRSM just broke into the rapidly growing multi-billion dollar Cryptocurrency and Blockchain space
  • CRSM is witnessing fast user growth as an emerging Silicon Valley startup in the explosive $12B rideshare space.
  • CRSM has also recently moved into the $300 billion parcel shipping market.
  • CRSM has begun international expansion, establishing new campaigns in Mexico, Italy, and Columbia.
  • CRSM shares have been trending higher, above key moving averages, demonstrating an underlying supportive framework from insiders.
  • CRSM shares are registering oversold readings while testing key support in a technical upward trend: an excellent combination!

Conclusion

We don’t often see Silicon Valley startups available to investors on the public markets. This is an interesting example of something that looks highly promising from each angle of analysis, but has yet to attract a crowd of speculators.

The addition of the Cryptocurrency and Blockchain theme to this stock adds major buzz credentials. The potential that the company could put out some kind of press release updating its progress on that front suggests a strong likelihood that lots of new eyeballs could be on this one very fast. And the technical picture adds up to some strong potential ahead.

CarSmartt demands immediate attention.

CRSM website

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