5i Research Weekly Rockets and Duds
Welcome to week eight of 5i Research's market ROCKETS AND DUDS
SS Innovations International Inc. SSII
There was actually no corporate news last week from SSII, but the week prior saw some press releases, and it looks like investors had a delayed reaction to the news, driving the stock up 31% in the last week of the month. ROBOT SURGEONS!! Now, there's a headline that will get people's attention. SSII announced that its robot-assisted surgery technique completed the 'world's first robotic beating heart totally endoscopic coronary artery bypass telesurgery with a latency of only 40 milliseconds'. Tightly held and based in Florida (where there are lots of seniors needing surgery!), the company's shares are now up 131% over the past year.
Jingbo Technology Inc. SVMB
OK, class. Pay attention here. There is a lesson to be learned. In our weekly Rockets and Duds feature, we limit companies discussed to those with a market capitalization of more than $1 billion. Jingbo Technology qualifies in that regard. Despite its rocket status with its 167% gain last week, please do not go and rush out to buy this one. The stock, now $2.75, is DOWN 97.5% in the past year alone, and down 99.6% since June 2023. It may have been a rocket last week, but it looks like a permanent dud with those types of returns. The company makes smart parking applications software, and is based in China. We feel sorry for those who 'parked' their money in this one.
Globalstar Inc. GSAT
Have you ever wanted to call your friend at work, you know, the guy who works on the international space station? Well just use Globalstar, an international telecom infrastructure provider, supplying mobile satellite services and wholesale capacity services via satellites. No, wait, just use your iPhone instead! Globalstar shares fell 27% last week as news surfaced that Apple, T Mobile and SpaceX were working together to add support for the Starlink network in the latest iPhone update.
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Analysts of 5i Research responsible for this report do not have a financial or other interest in securities mentioned. The i2i Fund does not have a financial or other interest in securities mentioned.
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