How Long Can SolarWindow Technologies Inc (OTCMKTS:WNDW) Recover
[[tagnumber 0]][[tagnumber 1]]SolarWindow Technologies Inc (OTCMKTS:WNDW) made an impressive run earlier this month which led the ticker to impressive heights of around $3.80 per share. This was all in anticipation of a “webcast” that was supposed to show the company’s solar power–generating window technology in action.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We aren’t certainly sure that the person who wrote the press release is aware of what a webcast is, but that is certainly something that investors didn’t get. Instead of an “Internet broadcast of a live event” we got a 2:40 minute video full of generic images, soothing music and some solar panels that were generating electricity for a couple of LED lights.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The result was a 40% drop in the company stock value over the course of just 2 days and a massive volume that indicated a lot of people were trying to minimize their losses. Meanwhile, the terrible financial results that were recorded for the quarterly period ended May 31, 2015 also contributed to the loss.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 13]] [[tagnumber 14]]cash: $69 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $247 thousand[[tagnumber 15]] [[tagnumber 14]]current liabilities: $2.4 million[[tagnumber 15]] [[tagnumber 14]]revenues: ZERO[[tagnumber 15]] [[tagnumber 14]]net loss: $1.5 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]In the same time, the company stock was commanding a market value of more than $100 million, which is quite a lot when you look at these numbers. Still, it did manage to recover in the first sessions of this week, adding 14.35% and 10.27% in Monday’s and Tuesday’s sessions. The volumes decreased somewhat and the 352 thousand traded shares yesterday generated $988 thousand in daily trade value.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The recovery, however, might be short–lived as we see that [[tagnumber 32]]WNDW[[tagnumber 33]] gapped down in today’s session and opened at $2.72 per share. The ticker is sitting 12.07% down from yesterday’s close at $2.55 as of the writing of this article, but there is the possibility that we can see it slide further due to the fact that even at the current market cap of $76 million [[tagnumber 32]]WNDW[[tagnumber 33]] is considered overvalued.[[tagnumber 2]]