Q: Please comment on latest Q,company & advise.The latest 2 Qs have very positive market reaction prompting rocket to recent 0.78 H. But since then retreated to current 0.65(+ 0.7)on high daily volumes (472k on Sep 10)greater than the average volume. Please advise who are the seller(s). Add,Hold or Sell ? My p/p was 0.50 a few years ago. Txs for U usual great services & views
5i Research Answer:
There are no analysts and thus no estimates. Q2 revenue rose 40%, earnings margin was 13%. Recurring revenue rose 32%. Net income soared (510%) from a small base. EBITDA rose 118%. Cash is $4.7M. Certainly these were strong results. The stock is up 100% YTD, and being quite small one needs to expect volatility always. TD and RY have been the most active (non anonymous) sellers of the stock this month. We would rate it a HOLD after its big gains.