First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) Surges On News

[[tagnumber 0]][[tagnumber 1]]First Choice Healthcare Solutions Inc (OTCMKTS:FCHS)’ stock price was hovering around the $1.30 mark for quite some time before plunging down the charts in the middle of this month, quickly dropping below $1 per share on increasing daily volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This happened despite the fact that the company recorded some pretty decent numbers in the third quarter of the year that were posted recently. The small market cap of [[tagnumber 6]]FCHS[[tagnumber 7]] also didn’t manage to stop the ticker from falling, despite the fact that the company is doing rather well compared to other companies that have much higher valuations.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $751 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $7.85 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $12.27 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $6.29 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income: $631 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]FCHS[[tagnumber 7]] certainly has started to generate great revenues and the fact that it is actually able to operate at a pretty decent profit is something that you rarely see in the OTC marketplace, making [[tagnumber 6]]FCHS[[tagnumber 7]] a rather interesting bet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the management needed to issue a press release in order to boost investor confidence. Yesterday the company issued a formal annual revenue guidance of $19.4 million for the fiscal 2015 and $30 million for 2016.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This excited investors and we saw [[tagnumber 6]]FCHS[[tagnumber 7]] close 22.48% in the green at $0.98, closing in on the $1 mark. A total of 692 thousand, nearly ten times the 30 day average changed their owners and managed to generate $597 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, we see some hesitation in today’s trading and it seems that [[tagnumber 6]]FCHS[[tagnumber 7]] might stay below the $1 per share mark for some more time. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]