XpresSpa XSPA Stock News

XpresSpa Group Inc (NASDAQ: XSPA) is falling in the market this morning, giving up nearly 14% in the premarket hours. The declines come after strong gains were seen to close out next week. Nonetheless, regardless of today’s profit taking, XSPA stock may be an incredibly strong investment opportunity. Here’s what’s going on:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

XSPA Is Bringing XpresCheck To Life

As the COVID-19 pandemic started to spread and lockdowns started to take place, XpresSpa didn’t stand still and wait for the economy to reopen. Instead, the company announced that it would be temporarilly transitioning its spa centers in airports into testing centers for COVID-19.

At first, this was a great idea. However, now, that idea is coming to life. In fact, recently, the company announced that it has launched a pilot program at JFK International airport. Of course, if this pilot goes well, it will set a domino effect into place, opening the door to tremendous opportunities in the future.

Nonetheless, while working on the pilot, XSPA announced a key partnership. Late last week, the company said that it entered into a partnership with HyperPointe. This is a key partnership.

Hyperpointe is known for generating better customer experiences in the healthcare and biotechnology markets. The company’s technology analyzes the data, making predictions with regard to future behavior of patients based on data grabbed from patients as they visit the XpresCheck location.

In a statement, Doug Satzman, CEO at XSPA, had the following to offer:

We believe we have a significant role to play in the fight against COVID-19 given our airport relationships, infrastructure, workforce, and strong desire to keep travelers and the entire airport community safe. HyperPointe has been an indispensable partner in that mission. Their expertise in the healthcare space has helped us navigate the complexities of the industry, while assisting us rapidly adjust to the ever-changing environment brought on by this global pandemic.

This Is Big News

Ultimately, the news surrounding XpresSpa is very big. Think about it, should all go well with their airport testing center in JFK, the company could see a tremendous expansion of this idea in the near term.

As the idea expands and the company tests and serves more people, the data being collected will become more and more valuable. With the partnership with HyperPointe, the company now has the ability to break down this data and use it to generate future growth.

All in all, should all go well, XSPA could be sitting on a figurative goldmine, making today’s dip in stock price a likely discounted opportunity to get in on strong gains in the future.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Don’t Miss The Next Big Story

Join our free mailing list below to receive real-time news alerts!

Subscribe Today!

* indicates required


LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.