Ekso Bionics HLDGS (OTCMKTS:EKSO) Trying To Recover
[[tagnumber 0]][[tagnumber 1]]Ekso Bionics HLDGS (OTCMKTS:EKSO) had a rough time in March and it lost even more value. The ticker then attempted to recover above the $1 per share mark in the beginning of this month and we saw an increase in volume after some optimistic news hit the wire.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, [[tagnumber 6]]EKSO[[tagnumber 7]] is one of the more stable companies traded in the OTC marketplace and it holds a pretty steep market value. There are, however, several reasons for that. The first one can be easily found by taking a quick look at some of the contents of the company’s latest financial report.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $19.5 million[[tagnumber 13]] [[tagnumber 12]]current assets: $25.2 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $8.6 million[[tagnumber 13]] [[tagnumber 12]]revenues: $8.66 million[[tagnumber 13]] [[tagnumber 12]]net loss: $19.6 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are some serious numbers, especially by OTC standards. Furthermore, there is the fact that [[tagnumber 6]]EKSO[[tagnumber 7]] is working on the Warrior Web program. The company has also made had great achievements in helping people with serious injuries walk again.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite that and the great news that came this month we saw [[tagnumber 6]]EKSO[[tagnumber 7]] drop down the charts as soon as it stepped on the $1 mark. Still, the daily percentile movements have been slow and the ticker is recovering in the past couple of sessions. Yesterday it gained 1.60% and closed at $0.94.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today is going rather well so far, but [[tagnumber 6]]EKSO[[tagnumber 7]] can go anywhere from here on. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]
