Why Fast Track Group (FTRK) Surged Last Week

We recently published a list of Small Stocks, But Explosive: These 10 Firms Crushed The Market Last Week. In this article, we are going to take a look at where Fast Track Group (NASDAQ:FTRK) stands against other firms that led last week’s charge.

Newly listed Fast Track Group soared by 47.86 percent in its first week as a public company, jumping to $4.85 apiece on Friday from the $3.28 closing price the week prior.

Fast Track Group (NASDAQ:FTRK), a regional entertainment-focused event management and marketing firm, successfully raised $15 million in fresh funds from the share sale.

Under the offer, it sold 3.75 million of its ordinary shares at a price of $4 apiece.

The company also granted its underwriters a 45-day option to purchase up to 562,500 ordinary shares at the IPO price, less the underwriting discount, to cover over-allotments, if any.

Since its inception in Singapore in 2012, Fast Track Group (NASDAQ:FTRK) has expanded across Asia Pacific, earning a reputation for being the preferred partner for event and endorsement organizers in the region.

Overall, FTRK ranks 8th on our list of firms that led last week’s charge. While we acknowledge the potential of FTRK, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FTRK and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.