Nice price action today, Bill. We beat consensus estimates by about 10%, and our revs showed a 9% yoy increase. So, I'll predict we'll see a corresponding increase in the pps. I'll set a price target of $43.80, which we'll achieve by mid-June. That is a couple weeks before the stock goes ex-divvy.
I'd like to see the stock rally after earnings are released on Thursday. The last couple quarters, the stock has dipped after earnings.
Not only is the stock price not moving up, it's barely even being traded. Our volume today was about 63,000 shares. At less than $3 per share, that means today's dollar volume was less than $200,000. This almost feels worse than owning a stock that is temporarily in disfavor. We own a stock that is not even in the public consciousness.
Yeah, that didn't end too well. I'm hoping we drop down again to below 30 as we head into earnings. I might take another shot at it.
Caltrials, as a fellow long suffering shareholder, I can empathize with you. It sure is frustrating. PSTI has lots of irons in the fire, and it just seems that the law of averages favors that at least one of their projects will be a huge winner. The big question is when? It could happen next week, next month, next year or beyond. I'm still optimistic that something good will happen much sooner rather than later.
The stock went ex-dividend on Monday, so maybe some small time investor got spooked into selling his/her shares for $38 AH on Friday. I must say that the trading pattern over the last couple weeks has been the opposite of what I would have expected. As the stock was heading into ex-dividend day, the pps drifted downward a couple bucks. After it went ex-dividend, we've had a couple of up days against an overall downward market. Since I keep expecting the stock to dip below $40, maybe that means we're going to head upwards to $42?
In the past, these public offerings were issued so CLMT could raise money to do another acquisition. This is how expand. So, maybe we'll soon hear an announcement of a new acquisition.
Sure, as long as PSTI is trading comfortably above $3.50 by then. So, get busy and buy as much PSTI as you can with both fists.
Hi Allo! I decided to give your post a quick thumbs up. I do appreciate your finding these articles for us.
With the stock down 4% on light volume, it doesn't look like there are too many buyers today. Oh well, when the TASE reopens next week, I think PSTI will go back up. Maybe we'll get some more good publicity.
Thanks for the update. I assume the $8 price target is from Maxim. Do we know who the other 2 analysts are? I assume Acceleron is not included. Acceleron has a $21 price target, which of course, would skew the consensus upward.
Whoops! My bad. Thanks for straightening me out. With the TASE closed the rest of the week and it being unlikely we'll hear any more interesting developments from PSTI this week, PSTI may dip to $3.10 by the close of tomorrow. I hope I'm wrong( again).
Since PSTI seems to trade in lockstep with the TASE, does this mean we can expect to drop tomorrow? If we don't drop tomorrow, maybe it'll gap up Friday morning on the TASE. Stay tuned!
I think if last month's spike was caused by big news leaking, we would've found out about it by now. As you pointed out, the volume was 20M. For that many people to know about the big news, it would be impossible to keep it a secret for this long. Anyway, the important thing is we seem to be on another uptrend. I hope PSTI can keep feeding us good news updates.
This rally seems more genuine than the one we had last month. Instead of being based upon an anonymous report, we're getting some good news from our studies. I'd love to see us bust 3.25 today and close above that barrier.