Ekso Bionics Holding (OTCBB:EKSO) On An Upward Run

[[tagnumber 0]][[tagnumber 1]]The stock of Ekso Bionics Holding (OTCBB:EKSO) started the month rather strongly, but went on to slide down the charts before dropping below the $1 per share mark, for the first time in quite a while.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker managed to recover the lost value quickly, but there was a little hiccup in the end of last week. More recently, the company stock has been doing rather good. This is not surprising, considering the fact that EKSO is one of the OTC companies that have some of the best numbers contained in their balance sheets.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $16.2 million[[tagnumber 11]] [[tagnumber 10]] current assets: $22.1 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $8.3 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $2.1 million[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $5.6 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After all, the company is working with the US government on the TALOS project and is currently providing exoskeletons for medical use. This might be the reason why [[tagnumber 24]]EKSO[[tagnumber 25]] started going up the charts once again, despite the lack of news coming from the company.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Yesterday the ticker gained another 11.98% in value after it was touted by Seraphim Strategies, a paid promoter. We also saw a total of 1.07 million shares being traded as [[tagnumber 24]]EKSO[[tagnumber 25]] was going for a close at $1.31, which generated $1.31 million in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company stock is going up in today’s session as well, but the current market cap of $133 million suggests that you should be sure to do your due diligence and weigh out all the risks before putting any money on the line.[[tagnumber 2]]

You may also like...