Alfi Inc. (ALF) shares gained 4.24% in after-hours on Tuesday, August 17, 2021, and closed the daily trading at $10.57. Earlier in the regular trading session of Tuesday, ALF’s stock soared 40.64%. ALF shares have moved up by 18.87% in the past week. Over the past three months, the stock has gained 193.91%. The company has a current market of $133.95 million and its outstanding shares stood at 13.21 million.
The recent update about ALF intelligent tablets
On August 17, 2021, Alfi, Inc. (ALF) announced an update on the rollout of its AI-enabled tablets to rideshare drivers throughout the U.S. The Company has begun the national rollout of intelligent tablets directly to drivers who opted into the rideshare program in 13 additional major markets, with a simple three-minute instructional video on how to install the tablets.
The rollout to new markets marks the increase of the company’s revenues and expands the successful partnership Alfi has developed with ride-sharing drivers.
Earlier, on July 7, 2021, Alfi, Inc. (ALF), commenced installations of Alfi tablets in vehicles operated by Uber and Lyft drivers operating in the Orlando and Tampa areas.
ALF predicts strong growth in DOOH advertising
According to new research from Alfi, (ALF), Seventy-four per cent of global senior advertising executives strongly believe developing and expanding ad ecosystems and networks, in line with the rise of smart cities, will offer explosive growth opportunities in the Digital Out of Home (DOOH) advertising market. The news hit the market on August 16, 2021.
ALF research about Programmatic Advertising
On July 26, 2021, Alfi Inc. (ALF) predicted that the use of automation and machine learning technology to purchase and display digital ads to segmented audiences in real-time is set to increase dramatically over the next three years. The recent research by the company revealed that 49% of senior advertising executives expect spending on programmatic advertising to increase dramatically over the next three years, and 43% believe there will be a ‘slight’ increase in expenditure.
Share repurchase program
On June 23, 2021, Alfi, Inc. (ALF) announced that its Board of Directors authorized a share repurchase program for up to $2 million of its outstanding common stock.
Purchases under the share repurchase program may be made from time to time in the open market, through block trades, the Company’s 10b5-1 plan, or privately negotiated transactions following applicable laws, rules, and regulations.
Conclusion
ALF stock exceptional surge is due to the recent announcement about its intelligent tablet rollout in major markets which will generate more revenue for the company. It can continue to sure in the coming days as well.
