Why GAXY is About to Turn Some Heads

Date : August 7, 2019

New Opportunity:  Galaxy Next Generation Inc. (OTC:GAXY)

 

Opportunities like this don’t come along every day. GAXY is technically primed on a tiny float with a swirling storm of huge catalysts on the radar and in its near wake.

 

The company is a 21st century emerging leader in the ed-tech space, offering up technology to help foster immersive educational environments with a global reach. The company is already pulling in millions in sales on big top line growth and has a top-tier team with broad executive experience, including a COO who came from a top listed name (Boxlight – NASDAQ:BOXL) in the same market space.

 

Sailing along on a float of just 10 million shares, you may not have much time for due diligence before this horse trots on out the barn door, so get on it ASAP!

 

Symbol:  GAXY

Company:  Galaxy Next Generation Inc.

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

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

Website:  https://www.galaxynext.us/

Who is GAXY

Galaxy Next Generation Inc. (OTC:GAXY) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment.

 

Galaxy’s products include Galaxy’s own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market.

 

Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy’s sales.

 

The company boasts a strong team, including its COO, who spent the majority of her young career at Mimio/Boxlight (NASDAQ:BOXL), a leader in the ed-tech and interactive display market. She performed many jobs at Mimio including, sales, federal programs director, and regional management.

Recent Catalysts

The biggest recent news for the stock comes in the form of its announcement that, as a result of its recent participation as an exhibitor at GAMEIS, in Savannah, GA, it has signed AIOS Group LLC as a value-add reseller.

 

According to the release, AIOS Group LLC, of Canton GA, has already successfully onboarded and is now active as a Galaxy reseller. Gary LeCroy, Galaxys Chief Executive Officer, commented, “We continue to expand our presence, especially in the K-12 classroom. Our new products were well received at GAMEIS and its always great to achieve immediate success from a tradeshow or conference by signing a new reseller. We look forward to having AIOS Group represent our products and expand our market share.”

Just before that, the company announced that it engaged Maxim Group LLC, a leading investment banking, securities and investment management firm, to provide investment banking services to the Company. According to the release, Maxim will provide its full scope of investment banking services that includes strategic planning and developing strategic partnerships.

 

“We are very pleased to have formally engaged with Maxim Group and we are delighted to have selected them as our strategic financial advisor,” stated Chief Executive Officer Gary LeCroy of Galaxy Next Generation.

 

That news followed the company’s prior May announcement of the signing of a new reseller agreement with J.D.B. and Associates. The release noted that this reseller agreement enables Galaxy Next Generation interactive learning products and solutions to be available to customers of J.D.B. and Associates and its Northeast Georgia Motorsports division, which include the military/educational field.

 

Gary LeCroy, Galaxy’s Chief Executive Officer, commented, “We continue to expand our presence to additional markets beyond just the K-12 classroom. The Interactive Display market, which is expected to be $27 billion by 2022, continues to expand into various industries.”

Technical Analysis

With a tiny float of just 1.6 million shares, GAXY is always primed for big upside potential simply due to a scarcity function in the open market. That feature was on full display six weeks ago when the stock rallied over 75% in three days in a powerful squeeze. Technically, we believe the current pattern supports the potential for a similar move if the stars line up right. And right now, that recipe could be in place.

 

The stock is also testing key trend line support right now at a higher level than it tested in June and earlier this year, resulting in a nice upward trend going through a pullback. The MACD indicator is flashing a green light as the pullback ripens, so it might be just the time to give this stock a fresh look.

 

About GAXY

GAXY (Galaxy Next Generation Inc.) is a provider of interactive learning technology solutions that allows the presenter and participant to engage in a fully collaborative instructional environment.

 

Galaxy’s products include Galaxy’s own private-label interactive touch screen panel as well as numerous other national and international branded peripheral and communication devices. Galaxy’s distribution channel consists of 22+ resellers across the U.S. who primarily sell the Company’s products within the commercial and educational market.

 

Galaxy does not control where resellers focus their resell efforts, although generally, the K-12 education market is the largest customer base for Galaxy products – comprising nearly 90% of Galaxy’s sales.

  • GAXY is an emerging leadership play in the booming ed-tech space.
  • GAXY has a small trading float of just 1.6M, which suggests the stock could launch higher on any additional influx of interest.
  • GAXY is making real money, with trailing revs already coming in at $2M.
  • GAXY is starting to see major topline growth, with quarterly y/y revs increasing at 50%.
  • GAXY is also moving directly into the $27B interactive display marketplace.
  • GAXY is boasts a strong team, including its COO, from Mimio/Boxlight (NASDAQ:BOXL), a leader in the ed-tech and interactive display market.
  • GAXY just recorded a MACD Bullish reversal, suggesting a technical change in trend.

As noted above, the stock is truly technically primed for big potential on the upside with a small float helping to ripen a key MACD bullish signal. The company is already showing some booming top line sales growth with $2M coming in the door over the trailing year.

 

With 22 retailers already on board as a strong and growing distribution footprint, and the $27B interactive display market still ready to be tapped in a big way, GAXY shares may be showing the elevator doors opening in the basement right now.

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