SBEV Stock Skyrockets by 98% After Two Weeks Sideways Move

Splash Beverage (SBEV) is a growth potential company in the drink business, but it’s been having a bit of a rollercoaster ride lately. Its stock has been bouncing around a lot. Today, the stock opened at $1.38, just a small bump up of $0.01 (+0.73%) from yesterday. But earlier in pre-market trading, it spiked up to $2.73, which shows investors are definitely interested—even if the stock has been all over the place recently.

Lately, though, things haven’t looked too great. The stock price has been dropping over the past few weeks after hitting a peak earlier this month. Some trading charts show a worrying trend: the stock has stayed below two key moving average levels—$1.41 and $1.58—which usually points to negative vibes from traders and signals the stock might keep struggling to go up.

Behind the scenes, Splash Beverage has been trying to grow by launching new drinks and expanding into new markets. They’re hoping this will bring in more customers and boost sales. But it’s tough out there—the beverage space is super competitive, and people’s tastes change fast, which makes it harder to stand out and grow.

Investors are keeping a close eye on what the company does next. Some experts say the company could bounce back if it nails its marketing and launches some cool new products that grab consumers’ attention.

So, while Splash Beverage is working hard to keep up with the fast-moving market, everyone—investors, analysts, and fans of the brand—will be watching to see if it can steady its stock and stay competitive in the crowded beverage world.