What’s up everyone so in today’s video, I share with you 2 top stocks tipped to be
millionaire makers, which could make you some huge returns over the long term.
These two stocks are going very cheap right now, so much that they present good entry
points, if they suit your investment criteria.
So be aware that these stocks also carry high risks, and so only consider them if you like
the investment case and if the price is right for you.
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So let’s jump straight into it, with our number millionaire 2 stock here, which is
Nano-X Imaging Ltd (NNOX); it has a share price sitting at $31.20 and market cap of
$1.4bn.
Over the past month, this stock is up 8.8% but over the last 6 months, this stock is
down 39.5% and when you see where this stock has come from its highs of $89 in January
compared to its lows now at $30, it appears this stock still has plenty to offer.
Infact, the closing price is at a discount of -211.16% from its 52-week high price making
it really cheap.
Nano X is Nasdaq listed with an average of 1.5m shares traded over a 30day period and
over 46mn shares outstanding.
Nano X has transformed what we understand traditional x ray systems to be, to another
level.
They have developed a digital X-ray source enabling a cost reduction of imaging systems
by orders of magnitude.
They are a global company planning mass deployment of imaging systems, and their goal is to drive
early detection, preventive healthcare as a new standard of care.
And this is because medical imaging systems are too expensive and complex for mass
deployment.
And To put this in perspective, typically, X-rays and MRIs procedures all require large
pieces of equipment, that take up lots of space and can cost between $60,000 and $2.1
million.
That in turn, makes the cost of their scans more expensive, and thus available mainly
in first-world nations.
Nano-X estimates that two-thirds of the world's population has no access to such critical
medical X-ray technology because of the size and cost of the machines.
So they are looking to introduce a novel Nano X-Ray source which is a silicon based cathode
technology solution into a nano tube which is significantly smaller and substantially
more cost effective at about $100 compared to + $150,000 which is just game changing.
And now they are in the final phase of their plans in 2021 with FDA approval received for
their x ray device and recently submitted for approval, for their 510(k) submission
for the multi-source Version.
Their CEO Ran Poliakine said they remain on track to commence shipments in the fourth
quarter of 2021 and the first quarter of 2022 with the goal of finalizing deployment of
the initial 15,000 Nanox.ARC systems by the end of 2024.
What’s also interesting is that Nanox addresses the market segments that legacy
vendors do not traditionally sell to.
So they do not intend to compete over market share, but they plan to expand into the $21
Billion global medical imaging market.
So Could Nano-X Be a Millionaire-Maker Stock?
There are risks and opportunities which could go either way.
With a market valuation of a little over $1 billion, to achieve a 100x-bagger, that number
would have to reach $100 billion in the future.
Is that possible?
Absolutely, going by many healthcare companies have achieved that milestone, including biotech
stocks like Gilead Sciences and Amgen.
But in addition here’s what also makes this stock super exciting.
Its business plan.
Nano-X plans to deliver its devices at cost or below cost and make money on the use of
the device.
Nano-X will get paid a percentage every time a device is used.
So the company will have recurring revenue streams, much like software-as-a-service (SaaS)
companies enjoy today.
So the total cost of a scan for the system, could get as low as $40, which is dramatically
less than the world average."
Distributors of the Nano-X device will have to commit to a minimum of seven X-ray scans
a day, with Nano-X receiving $14 per scan, or roughly $100 a day per machine.
In the first wave of deployments, Nano-X expects to place 15,000 devices out in the world by
2024.
If Nano-X achieves its ambitious goal, the company will be collecting $1.5 million every
day from the use of its device giving a potential revenue opportunity of under half a billion
dollars, with Major manufacturers like SK Telecom, Fuji and Foxconn are on board and
ready to go.
So really exciting stuff.
There are a few risks to be aware of, which including competition and its technology would
make it a worthwhile takeover target for the legacy companies, such as Fujifilm Holdings,
General Electric Healthcare, and Siemens.
It also has no revenues yet as it is subject to FDA approval and it has also been a target
by short reports from Muddy Waters.
Next up to our number 1 stock, which is Skillz Inc (SKLZ).
It is now sitting at $17.75 per share and market cap of $7bn.
Its share price is down by 16.6% on the month and over the last 6 months this stock is still
down by 24.3% and has shed over two thirds of its value from its all time highs.
So an interesting play operating in deep value territory and beginning to recover from its
all time lows.
Skillz is NYSE listed with an average of over 14m shares traded, over a 30day period and
over 69m shares outstanding.
Skillz is the leading mobile games platform that connects players in fair, fun, and meaningful
competition.
The Skillz platform helps developers build multi-million dollar franchises by enabling
social competition in their games.
They believe mobile gaming is the future of entertainment and is poised to grow at the
fastest rate at 23% pa ahead of other entertainment sectors such as books and TV.
And this is backed by a strong mass market demographic which is majority female in the
middle income earnings bracket.
So a strong spending power.
Skillz recently made a highly complementary acquisition for Aarki, a leading technology-driven
marketing platform to Form First Integrated Esports Advertising Platform.
Aarki’s Reach of More Than 465 Million Monthly Users Will Extend Skillz’s Player Acquisition
Capabilities, as Aarki engages in more than five trillion monthly advertising auctions.
In their latest Q1 results, Skillz Reported record-breaking Q1 Revenue and Raised 2021
Guidance to $375 million, following 21 consecutive quarters of revenue growth.
Their performance and strong growth trajectory gave them the confidence to increase investment
in Q1.
Their revenue grew to $83.7 million during Q1,21, up 92% over the prior year and Gross
profits grew to $79.4 million, up 95%.
So Could Skillz Be a Millionaire-Maker Stock despite having dropped 60% from its highs?
Possibly, The Skillz business model is compelling, giving developers of casual games a new revenue
stream to consider in monetizing their diversions.
Skillz comes in with a different possibility, offering contests and tournaments with cash
prizes to woo gamers.
So It's resonating very well with gamers and developers alike, if we have to go by recent
revenue growth rates.
So Developers are flocking to Skillz as a way to boost engagement, even if it comes
at the expense of offering cash prizes.
Monthly active users have only grown from 2.6 million to 2.7 million over the past year,
but the smaller subset of those gamers paying to play have soared 81% to 467,000 games.
So Having just 17% of a mobile gamer base paying to play may not seem very exciting,
but Skillz points out that that it's eight times better than the industry average.
So The sharp recent selloff makes this stock a buying opportunity as Skillz offers a win-win
proposition where developers generate engaged traffic and mainstream players get a shot
at tournament prizes, that are typically reserved for a tiny diehard pro gamers playing more
prolific games.
So really exciting stuff.
This is a highly risky and speculative bet as despite all what seems like a rosy picture,
Skills has been subject to multiple short reports which is what depressed its share
price over the last 6months.
So a key watch out for you to be aware but time would tell if the hedges were wrong.
But despite the short interest, Skillz is certainly still a strong conviction stock
for Ark Invest as they’ve loaded up on it and maintained a steady holding of over 23m
shares across their Ark Innovation (ARKK) and Internet (ARKW) funds despite the recent
market selloff.
Their stake is now worth over $391m and is their 34th largest holding worth a 0.8% weighting
at current price levels.
So very exciting times ahead with these stocks.
This video is not financial advice, a buy or a sell recommendation, but is meant to
bring some new and exciting stocks to your attention for you to do your own research..
As always I would love to hear from you, so please let me know your thoughts on these
stocks in the comments section below and what other stocks are catching your eyes lately.
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