The Share Price of Digital Wine Ventures Exploded Today with shares up 18%. The Company’s share price is hitting all time highs with a price of $0.105

DW8 Share Price Performance

The Price exploded after reporting record shipments during February, this is up 32% on the January period. The company is pleased to advise that WINEDEPOT shipped a total of 20,684 cases of wine. In total 9,494 orders were processed during February up 918% MoM and 28% on January 2021. This equated to an average of 2.2 cases shipped per order, significantly higher than the 1.85 case long term average.

From DW8 Update on February showing an increase on Jan

New Customers Sign Up Ahead of Market Place Launch

The Company also reported the accelleration of suppliers signed up to participate in the platform. New Customers include 12 Australian wine brands with the majority from South Australia and eight New Zealand Wineries.


Digital Wine’s WINEDEPOT aims to streamline wine and beverage distribution through technology. It is both a consumer-facing and business-to-business operation. Many of its customers are wine traders, as well as traditional retailers and consumers.

The company generates revenue through a mixture of market trading fees, channel management fees, logistics fees, subscriptions, and liquidity fees.

What Can we Expect for the Price Going Forwards?

With Sales exploding the growth is surely there for DW8. However, with Half year revenues of only $991,333, surely the company is overvalued at it’s current metrics. DW8 trades on a valuation of 144million, this seems high given the sales, however with revenue growing at over 1,000% if they can keep this up there may be more in the tank for the price of DW8.

Prophets Trusted Affiliate Partner

Prophet is considering a position in DW8, however will wait for a decnt sized pullback before taking any position.

Learn How We Analyze A Company:

The Ultimate Stock DD Checklist For Beginners

What Are We Currently Buying?

In the past few weeks here’s some exciting companies we jumped in on:

Taking A Bet on PointsBet

Initial Public Offering Askari metals Will Be Epic

Leave a Reply

Your email address will not be published.

Introducing our latest and one of our largest portfolio holdings Askari Metals (AS2). 

The Company has 5 prospective copper-gold projects in tier 1 mining jurisdictions in nearology to mining giants.

You May Also Like

Afterpay’s (APT.ASX) Biggest Stock Price Catalyst Yet.

Afterpay has its eyes set on the USA. The Revolutionary Buy-Now Pay-later…

Should I Buy Shares in A2 Milk Latest Update? (A2M.ASX)

Should I Buy Shares in A2 Milk Latest Update? (A2M.ASX, ATM.NZX). Shares in ASX listed company A2M have been crushed of recently, so we take a look and answer the question. A2M is dual listed on both the Australian and New-Zealand Stock Exchanges.

Alcidion Rockets Higher (ALC.ASX)

Alcidion Group Limited (ASX: ALC), formerly Naracoota Resources Limited, is an Australia-based…

Afterpay to be Acquired by Square for $39b, Massive News!

Afterpay to be acquired by Square. Square (NYSE:SQ) and Afterpay (ASX:APT) announced…