FNET closed the DG of May 5, that was when it closed the UG of March 17 <g>
The stock didn't open with an UG today. Volume of > 5,160,000 is the highest so far, and about 316x its ADV.<g>
bigcharts.marketwatch.com
It announced on Sunday its 2nd Q results. Revenues were lower, compared to the prior year, as sales were $3.96M compared to $3.97M, a decrease of approximately 0.3%.Earnings per share were $0.05 vs. $0.08, a decrease of 37.5%.
But with no significant LTD,trading around 0.4xBV, with +CF around $0.40, the insiders holding 75%, and the float < 3M the stock is bound to have sudden spikes, like the one today. The Consensus Analyst Estimate at Yahoo (I forgot what was the abbreviation for that and will have to check with Paul <g>), is around $6 and it seems that, with some good news, the stock could easily get to test the $5 level.<g>
bigcharts.marketwatch.com
Bernard
P.S.The forgotten abreviature was ACAY: "Analyst Consensus At Yahoo", but I think that we better change it to: ACTAY, in order to incorporate the word "Target" into it.<g> |
