EKSO BIONICS HOLDING (OTCBB:EKSO) Continues To Climb The Chart
[[tagnumber 0]][[tagnumber 1]][[tagnumber 2]] [[tagnumber 0]]On August 19 the stock of <a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> BIONICS HOLDING (OTCBB:<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a>) had an opening price of exactly 1 dollar per share. At the end of yesterday’s trading the company was standing $1.45. Gaining nearly 50% in the span of just seven sessions is an impressive performance not to mention that the stock has now registered four consecutive sessions in the green. Interest from the market is also on the rise with yesterday’s daily volume of just below 1.9 million shares being the highest seen by the company since early June.[[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> [[tagnumber 7]]is far from the typical pennystock venture. The company is developing exoskeleton suits that could see uses in the medical, construction, and military industries. Back in May the company announced that it has secured a third contract with the United States Special Operations Command (SOCOM) to work on the next phase of the Tactical Assault Light Operator Suit (TALOS) project. [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> [[tagnumber 7]]have also been enjoying significant media exposure and recently the CEO of the company appeared on the FOX Business Network.[[tagnumber 2]] [[tagnumber 0]]The company’s financial state further sets them apart from the majority of the other pennystocks. The quarterly report that was filed two weeks ago showed that as of June 30 [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> [[tagnumber 7]]had:[[tagnumber 2]] [[tagnumber 0]]• $16.2 million cash[[tagnumber 16]]• $22.1 million total current assets[[tagnumber 16]]• $8.3 million total current liabilities[[tagnumber 16]]• $2.1 million total revenue[[tagnumber 16]]• $5.6 million net loss[[tagnumber 2]] [[tagnumber 0]]The company still has sizable cash reserves but investors should note that during the first half of 2015 [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> [[tagnumber 7]]managed to burn through 1/3 of the $25 million it had at the end of 2014 and if they continue at the same rate they will need to raise additional capital next year. Year–over–year the revenues increased by 75% from $1.2 million to $2.1 million. The problem is that the loss of the company is still quite alarming – for the first six months of 2015 [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a> [[tagnumber 7]]reported nearly $10 million in net loss.[[tagnumber 2]] [[tagnumber 0]]Investors should keep in mind that the current uptrend is not supported by any new PRs or announcements made by the company and the positive momentum seems to have been generated primarily by the rather optimistic article published a few days ago by the analyst Keith Fitz–Gerald. The analysts from Zacks however downgraded [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a>’s [[tagnumber 7]]rating from a “hold” rating to a “sell” after the quarterly report was filed.[[tagnumber 2]] [[tagnumber 0]]Despite the positive aspects of the company the stock remains a volatile choice that demands serious due diligence. With the recent price gains [[tagnumber 6]]<a href=“http://www.thehotpennystocks.com/Stock–Quotes/?stock=EKSO“>EKSO</a>’s [[tagnumber 7]]market cap has almost reached $150 million and it could start to influence their chart performance. [[tagnumber 2]]
