On Tuesday, the leading online meal delivery platform that offers celebrity chef-inspired, gourmet and lifestyle ready-made meals Home Bistro, Inc. (OTCPINK:HBIS) closed at $1.55 and has been trading in a $1.05 to $1.80 range throughout the day. The recent surge in HBIS stock has exceeded 72.22% with the average volume exceeding 71.16K during the month.
According to the stock’s performance over the past three months, HBIS stock gained over 55.02% with average volume of 39.17K. Over the past 12-months, HBIS stock has gained more than 27.05%, reaching a high of $2.00 with a market cap of $30.11M. With HBIS stock rising in the absence of any news, we are able to draw some conclusions from recent developments in order to provide a more complete picture of HBIS.
Has HBIS been doing well recently?
Through its website, www.homebistro.com, Home Bistro operates as a leading online dining and entertainment platform. The goal of HBIS is to produce heat-to-eat, celebrity chef-inspired gourmet meals that are direct-to-consumer, produced and distributed. The current offerings from HBIS include themes created by “Iron Chef” Cat Cora, “Hungry Fan” Chef Daina Falk. HBIS is also to launch celebrity chefs including Ayesha Curry, Roblé Ali and Claudia Sandoval soon.
Model Meals, a lifestyle brand of HBIS, follows Whole30 and Paleo methods. Model Meals is available at www.modelmeals.com. The service is HBIS’ ready-to-eat, meal preparation service. A professional chef prepares the rotating menu each week. All HBIS products are made from only the best, most responsibly sourced ingredients, packaged in an eco-friendly, sustainable manner, and delivered in an environmentally pleasant way.
Richard Blais has joined the team at Home Bistro, which announced his addition last week. Chef Richard joins the growing list of celebrity chefs at HBIS. Zalmi Duchman, CEO of HBIS, noted that his status in the culinary world and vibrant personality make him an ideal fit for HBIS.
A little about Richard Blais:
Known as one of America’s most successful chefs, restaurateurs, cookbook authors and TV personalities, Richard Blais is one of the most successful chefs in the country. He graduated from the Culinary Institute of America and trained at The French Laundry, Daniel, Chez Panisse, and el Bulli before joining Ramsay and FOX’s next cooking competition, Next Level Chef.
HBIS – A Positive Scenario:
Over the past 90 days, Home Bistro (HBIS) announced an increase of over 50% in its returning customer rate. Building an effective direct-to-consumer platform starts with customer reorders, which is a key component of HBIS’s strategy. The new fresh meal delivery service has helped HBIS see a more than 50% increase in customer reorders, including a 20% increase during the month of August alone. Given that HBIS has not yet implemented a subscription-based ordering model, the rate was extremely encouraging.