Q: This morning news--A new industry whitepaper--prompted a 14.29% rally from a day low of 0.62 to 0.72. on big volume of 250.3k exceeding av.71k. A good year with 0.90H and .28L.Please comment.Buy,Hold or Sell.Txs for u usual great services & views
5i Research Answer:
The stock is now flat for the week; the white paper outlines the opportunity in low power IOT technology, but this is not really new news. Following the stock's big rally in the past year, we would consider it a HOLD. With its small size and low revenue base there is still plenty of risk here.