Splash Beverage Group, Inc. (SBEV) stock is surging in Thursday's premarket session, up more than 50% after the company provided an update on its NYSE compliance process and strategic initiatives.
On Wednesday, Splash Beverage disclosed that it submitted a compliance plan to the NYSE on May 28, 2026. The plan outlines steps to restore compliance with listing standards after the company received a non-compliance notice on April 29, 2026. The company is now actively engaging with NYSE staff and awaiting a decision on its plan. If accepted, the plan would allow Splash Beverage to continue executing its compliance initiatives through January 29, 2027.
Why the Stock Is Jumping
The sharp premarket gain—over 50%—comes despite a weaker broader market. Investors piled into the micro-cap beverage stock, pushing shares to around 37 cents. But context matters: even with Thursday's rally, the stock is down more than 93% over the past 12 months. Such moves are common among heavily beaten-down micro-cap names, where traders often pile in when momentum shifts or shares break above key technical levels.
At about 37 cents, Splash Beverage shares moved back above several short-term moving averages—a signal many traders view as a sign of improving momentum.
Technical Analysis
Short-term momentum has strengthened significantly. The stock is trading 73.6% above its 20-day simple moving average of 21 cents and 22.8% above its 50-day simple moving average of 29 cents. But the longer-term trend remains weak: shares are still 18.3% below the 100-day moving average of 44 cents and 64.6% below the 200-day moving average of $1.01.
The relative strength index (RSI) stands at 53.03—a neutral reading, suggesting the stock isn't yet in overbought territory. However, the broader chart still points to a bearish trend. The 20-day moving average remains below the 50-day moving average, and the 50-day average remains below the 200-day average. Key resistance sits near 44 cents (the 100-day moving average), while key support is near 29 cents (the 50-day moving average).
As of premarket Thursday, Splash Beverage shares were up 51.53% at $0.37, according to market data.
