Progressive Care Inc (OTCMKTS:RXMD) Struggling To Find Its Direction

[[tagnumber 0]][[tagnumber 1]]The stock of Progressive Care Inc (OTCMKTS:RXMD) has recorded a rather terrible performance through most of this year. That, however, isn’t something new to the shareholders who have seen the ticker make major gains and then obliterated them in short periods of time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Over the years [[tagnumber 6]]RXMD[[tagnumber 7]] has proved that it can generate revenues, but it still doesn’t have that solid financial state that you would look for in a future investment. Here are just some of the numbers that were contained in the company’s financial report for the period ended Mach 31, 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $127 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $788 thousand[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.71 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $3.11 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $294 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although the company has recorded low cash reserves and current assets in the first quarter of the year the revenues are very impressive when you compare them to other OTC entities that have a much higher market valuation.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]A recent press release that concerned a revenues increase managed to push the ticker 667% in a single session last week, but the ticker has been hesitant afterwards. After the massive gains [[tagnumber 6]]RXMD[[tagnumber 7]] recorded a 58.53% loss in the following session and hasn’t found its direction since then.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday the ticker added 19.33% to its value and finished the session with a price of $0.0179, but we see that it is 16.76% down in today’s session so far. All these numbers point out that [[tagnumber 6]]RXMD[[tagnumber 7]] is a highly volatile stock and that you should do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]