Q: What's behind the increase in PLUR the last 2 days? Is it warranted and does it have legs? Is the stock a buy, sell or hold? Thanks
5i Research Answer:
This week PLUR announced an expanded services contract with a large semi conductor company, but did not provide the customer's name. Still, more business from an existing customer is a good sign. The stock is up 45% this year but remains down 38% over one year. At only $35M market cap, we would expect large price swings regardless. Revenue is growing, but it remains highly unprofitable, with negative cash flow. We would consider it a HOLD, but only within the microcap space. Overall for a general audience we would have little interest.