I would think much higher than 5.50. ECTE has a tiny float and market cap. Only 11 million shares outstanding. Any buying volume could push it to 5+ very fast. They will have China approval before U.S approval and China has 3x more diabetics. See the tweet by ddbuyer showing the ECTE sensor being as accurate as the DXCM sensor. DXCM has a 5 billion market cap. The upside with ECTE is big time.
Really? Does that mean that if there is a low float that makes the price go down if someone buys a large amount it can go right back up? Thanks captain obvious. I hate to pop your balloon but it was real money too when ECTE was trading for $45. Maybe you should try some philosophy about exercising patience.
hp, your logic is backwards. Liquidity is a function of volume and turnover, It has nothing to do with bid or ask spread. Everyone is right you're out of touch and know nothing about the stock market. It's no wonder you're bitter about your losses while everyone else is happy with their investment gains. It sux to be you man.