How Long Will EKSO BIONICS HOLDING (OTCBB:EKSO) Move Up On The Chart?

EKSO BIONICS HOLDING (OTCBB:EKSO) comes in the list of new companies active in digital technology industry. The company owns a product that can excel into a number of different industries like consumer, military and healthcare.

Trading at $1.44 per share with an average volume of 535,883, the company designs wearable bionic exoskeletons that improve human strength, endurance, and mobility. It is a unique product that can be used for multiple purposes like aiding the disabled or enhancing the use of military tactics. Ekso Bionics gained traction with a latest software upgrade earlier in the year, and its CEO featuring on FOX Business Network in August.

The momentum                       

Ekso Bionics recorded an impressive performance in the second half of August after it briefly declined below $1 mark on August 17, touching its lowest trading prices since the start of the year. The stock not only managed to recoup its losses but strongly made its way up on the chart, reaching as high as $1.45 on August 27, 2015.

This impressive run on the chart came without an analyst article or a promising press release coming from the company. It is not at all surprising, accounting the strong financial figures that EKSO Bionics has to offer in 2Q2015 report.

The number game

As per the latest report, the cash reserves stood at $16.2 million and current assets were no less than $22.1 million. The current liabilities at the end of 2Q stood at $8.3 million while revenue and net loss came at $2.1 million and $5.6 million, respectively. Still, at these levels, the market capitalization of the company is more than $138 million, which suggests a caution before putting in more money in EKSO BIONICS HOLDING (OTCBB:EKSO) stock. After a red close last week, the stock closed in green on Monday but closed in deep red in following sessions.

About the Author

Laurie, a long-time member of the US Markets Daily general assignment reporter who has covered a variety of subjects from breaking news to investigative features, from stock markets to politics, and from neighborhood small business to global warming.

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