Healthier Choices Management (HCMC) Stock In Correction Mode: What Next?
Over the course of the year so far, the Healthier Choices Management (OTCMKTS:HCMC) stock has emerged as one of the biggest gainers and has managed to deliver gains of as much as 3000% so far.
Naturally, there is a lot of momentum in the stock at this point in time and investors have continued to pile on to it on the back of consistent gains. However, there is an argument to be made that the stock may be too expensive at this point in time.
Healthier Choices Management has become quite popular among investors owing to its vapour business. That being said, it is the company’s retail grocery business that brings in the bulk of the revenues. However, that is not all. The company has continued to issue shares in order to boost its cash balance. In this situation, the company would need to generate considerable growth going forward if it is to justify the current valuations.