InvestorWire NewsRoom

Article

Sharing Services Global Corp. (SHRG) Featured as Top Performer Among Direct-Selling Stocks
October 27, 2020

Sharing Services Global Corp. (SHRG) Featured as Top Performer Among Direct-Selling Stocks

  • Transformation Capital features SHRG as top performer in the TDSI direct-selling index
  • SHRG achieved a staggering 1,070% growth rate compared to its levels at the end of February when the index started tracking data
  • Industry as a whole has been outperforming the market, with positive outlook for the 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 an investment banking and business development firm Transformation Capital as one of the fastest-growing small-cap companies in the space (https://ibn.fm/nPDBd).  

The report looks at the TDSI, or a market capitalization-weighted index of all U.S. publicly traded, direct-selling companies with valuations over $25 million. The index started tracking data from 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. The numbers indicate 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. SHRG 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 favorably in 2020, leveraging the momentum built since the beginning of the year, driving the industry towards a possible new record-breaking year. Stuart Johnson, CEO of Transformation Capital, was positive about the outlook for the direct marketing industry.  “From a broad perspective, we believe that the direct selling industry, as a whole, is experiencing a renaissance within the domestic market,” he said. “As indicated in the chart below, 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 notes several bullish factors driving the direct-selling robust performance bullish indicators for the 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 (https://ibn.fm/wnZNs). Operating in a rapidly growing industry, SHRG offers compelling growth potential supported by its robust business model and strong fundamentals.

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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.investorwire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).