- Transformation Capital features SHRG as top performer in the TDSI direct-selling index
- SHRG achieved a staggering 1,070% growth rate compared to levels at end of February
- Industry as a whole has been outperforming market, with positive outlook for full year
Sharing Services Global (OTCQB: SHRG), a diversified holding company specializing in the health and wellness direct-selling industry, was featured in a recent industry report published by investment banking and business development firm Transformation Capital (https://ibn.fm/kwVLW); the report listed SHRG as one of the fastest-growing small-cap companies in the space.
The report looks at the TDSI, or a market capitalization-weighted index of all U.S. publicly traded, direct-selling companies with valuations of more than $25 million. The index started tracking data beginning March 1, 2020, and now stands 56% above the initial end-of-February level, significantly outperforming the DJIA and S&P 500, which gained only 7% during the same period, demonstrating that the industry as a whole is growing much faster than general economy.
The investment bank and business development firm highlights Sharing Services Global as the top performer among all stocks in the index’s tracking set. In fact, SHRG has continued its impressive growth with a gain of 27% during August only, which means that for September, SHRG’s stock price stood at a massive 1,070% above its levels at the end of February.
Transformation Capital estimates that the industry will continue to perform in 2020, leveraging the momentum built since the beginning of the year to drive the industry towards a possible new record-breaking year. “From a broad perspective, we believe that the direct-selling industry, as a whole, is experiencing a renaissance within the domestic market,” said Transformation Capital CEO. “Domestic direct-selling revenues have been flat to slightly down since reaching an all-time high of more than $36 billion in 2016. It is our belief that 2020 sales will reach, and likely exceed, that record figure.”
The investment banking and business development firm see several bullish factors driving robust performances in the direct-selling industry, including the decline in short interest in industry stocks demonstrating that investors are becoming reluctant to take positions against them. As a result, the sentiment of the analysts covering this space is shifting, with a staggering 97% of them having “buy” or “hold” ratings on the stocks from the direct-selling space. Operating in a rapidly growing industry, SHRG offers compelling growth potential supported by its robust business model and strong fundamentals.
The Sharing Services combined platform currently leverages the capabilities and expertise of various companies that market and sell products direct to the consumer through independent contractors. Two of its primary divisions include Elevacity Holdings LLC., the parent of its wholly owned subsidiary, Elevacity U.S. LLC, a health and wellness products company, and Elepreneurs Holdings LLC., the parent of its wholly owned subsidiary, Elepreneurs U.S. LLC, a sales and marketing company based on utilization of independent contractor distributors who sell the Elevacity product line.
For more information, visit the company’s website at www.SHRGInc.com.
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG
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