The Covid-19 pandemic has taken the education industry by storm. Despite its tragic consequences, many online platforms took the opportunity to expand their market for unprecedented gains, and some education stocks are still capitalizing on this change today. ProBility Media Corp. (OTC:PBYA) is an education company that delivers a full-service training and career advancement brand for skilled trades. The company has seen a roughly 48% increase in the last two days and shows serious growth potential as it continues to provide services to customers varying from individuals to small businesses and even corporations.
Since the start of the pandemic, PBYA has been able to capture the growing demand for online education platforms, making them one of the many education stocks on the rise after the switch to online learning. PBYA is now pink current and according to its corporate updates and annual report, the company has managed to reduce its debt by $8.1 million. Its subsidiary, One Exam Prep, witnessed a growth of over 500% in its online learning and virtual programs as a result of Covid-19. They also eliminated accumulated operating losses of over $12 million – turning an operating profit in 2020 and 2021.
PBYA closed its acquisition of Upstryve Inc – the global leader in online tutoring for the vocation industry – in August. But its other subsidiary – the North American Crane Bureau Group – has made significant progress in cornering the crane, hoist, and safety training market thanks to a sector downturn which eliminated most of its competition. The NACB, which conducts over 400 safety programs each year, announced new customer contracts including Ford, Tesla, BAE Systems, Dominion Energy and other Fortune 500 companies. As production picks up across the country, these services are likely to experience increasing demand as well.
Internally, they have also appointed key positions as PBYA witnesses great expansion, across continents and industries. With a market cap of almost $38 million and 5 billion authorized shares, PBYA’s stock is trading at only $.0110, and is definitely one of the education stocks to keep an eye on. In light of its recent acquisition, PBYA is planning to rename itself Upstryve in the near future.
Bullish investors are looking forward to October 15th when PBYA plans to release its Q1 financial results. Given its digital marketing deal, recently published testing materials for electricians, and plans for strategic acquisitions, PBYA may show excellent results for the quarter.
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The company has been witnessing a downward trend this past month, currently trading at $0.0139 after peaking at $0.0164 on September 3rd. With a resistance point at .0164, its support lies at .0128 and a second support near .0112. The stock’s accumulation has been following the same trend but recently spiked along with its RSI which is overbought at 75.18. The market closed yesterday with a bullish crossover for the MACD which continues to trend upwards.
Should You Buy?
Given the growing demand for online learning, PBYA’s business model presents a notable upside. PBYA has a number of upcoming catalysts including its Q1 Financial Results which may encourage investors to include PBYA in their list of education stocks to invest in. PBYA appears to have strong fundamentals as it has recently cancelled portions of its debt and reduced its outstanding shares. All these are positive signs of a company that is making moves to expand and increase revenue. PBYA appears to be gearing up to break September’s ceiling of $0.0164 in early October and bullish investors may find a good entry point in the near future.
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