Is The Price of Deltathree, Inc. (OTCMKTS:DDDC) Headed To Its Former Levels
After the stock of Deltathree, Inc. (OTCMKTS:DDDC) gained a whopping 833% in just 2 trade sessions it seems that it is going down to its previous levels. Will it manage to keep a price higher than the $0.018 on which they were staying for about 2 weeks, before their big jump, or are they going to keep some of the gain is only for the future to tell.
After the 2 successful trade sessions in which the stock of DDDC breached the 10 cent mark, they seem to be heading back below it. Yesterday’s trade session went badly for the stock of DDDC as it lost 30% from its value. DDDC‘s stock opened the trade session gapped down 9% and the heavy dumping of stock that followed took its toll as the price reached the day’s low of $0.071 within minutes.
This was probably the reason for which things quieted down and the stock regained its previous value quickly. The rest of the day continued with little movement as the stock closed at $0.105 at the final below, trading well above its average volume of 306 thousand shares.
The total amount of shares that switched hands came at about 2.35 million generating a trade value of $244 thousand. Even though it couldn’t match the $500 in trade value from the previous day the number is still pretty high, especially for the stock of DDDC, who are yet to prove themselves as a profitable company.
If you haven’t read our previous article about DDDC, we will take a quick moment to get you acquainted with the numbers of prime interest from their report for Q1 this year.
- Cash: $168 thousand
- total assets: $1.4 million
- current liabilities: $4.2 million
- revenue: $3.7 million
- net loss: $356 thousand
As we said in our previous article the bad signs are visible if you take a closer look and notice that the cost of the revenue makes up for 72% of its total amount, meaning that before they even start paying of salaries, rent and other spendings they are left with only 28% from the total amount of revenue. In their case they are unable to cover them without coming out with a net loss.
Another bad sign is the numerous customers that are complaining about the service and about the fact that they have been tricked out of their money, not receiving what they were promised. Money coming out of their accounts, people claiming they didn’t receive their $5 bonus when opting for their $25 Millenium Calling Plan and so on. You can make up your mind on what a business that is willing to sacrifice its reputation is capable of doing with it stock.
Another hot stock at the moment is that of Primco Management Inc (OTCBB:PMCM), who are having a rough time to keep their price after their big 577% jump on Friday. Their stock sunk 30% since the open of todays trading and they are currently traded at $0.0055 per share.
Another company from the recent big winner bandwagon that is struggling to keep their gain in price is Premier Brands Inc f/k/a Tracksoft Systems Inc (OTCMKTS:BRND) who are traded at $0.0166 at the moment.
