xG Technology Inc. (NASDAQ:XGTI)

xG Technology Inc. (NASDAQ:XGTI) Receives Eye-Popping Order

xG Technology Inc. (NASDAQ:XGTI)

xG Technology Inc. (NASDAQ:XGTI) shares fell 3.80% after the leading provider of wireless video solutions for law enforcement and defense markets announced a new order for its Vislink business. The new order, worth $535,000, from NEP UK, is for the company’s latest Vislink HEVC 4K capable HCAM Wireless Camera systems.

$2 Million Pre-orders

The Focal Point Camera Control systems are to be used at the 2018 Winter Olympics in South Korea. The HCAM system represents the next generation of 4K UHD wireless transmitters which is capable of supporting premium live broadcast events.

“This commitment from NEP further solidifies our relationship, and continues to highlight the market confidence in the HCAM with pre-orders now over $2 million,” said James Walton, president of IMT, Ltd.

xG Technology Inc. (NASDAQ:XGTI) market consolidation continued in Wednesday’s trading session. While the stock is up by more than 10% for the year, it continues to trade in a range after dropping from $2.50 – recorded in July.

xG Technology Inc. (NASDAQ:XGTI)

MicroLite 2 HD Launch

Separately, xG Technology Inc. (NASDAQ:XGTI), through its business unit IMT Vislink, has introduced a compelling solution for capturing real-time, high quality on camera video for electronic newsgathering. MicroLite 2 HD is the new ultra-compact COFDM wireless video transmitter designed to provide enhanced performance and video quality at a competitive price point.

The video transmission system can deliver up to 250Mw of power and provides low range, reliable HD transmission. A key advantage of MicroLite compared to other solutions in the market is its ability to operate at low latency levels and so is well suited for live sports broadcasts and video assists applications.

“With the MicroLite 2, broadcast professionals are able to transmit high definition video within a small form factor, while utilizing its lightweight design for Steadicam operations, event coverage, confidence monitoring, web content programming, rental houses and drone use,” said John Payne IV president of IMT USA.

In addition, xG Technology Inc. (NASDAQ:XGTI) has confirmed the appointment of Eric Haney as the new Regional Sales Manager focusing on unmanned systems across all markets throughout North America. According to Mr. Payne, his expertise will be invaluable in identifying business opportunities with the government, military as well as on commercial applications where the systems can be used to deliver considerable advantages.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Monster Digital (Nasdaq: MSDI) Volumes Explode on Heels of Magazine Article

Monster Digital, Inc. – Nasdaq: MSDI

Nano-cap Monster Digital, Inc. shares are experiencing massive volumes. Average daily volume for MSDI, traded on the Nasdaq, is 84,000 but today volumes have jumped to over 2 million in morning trading.

Simi Valley, CA-based Monster Digital designs and engineers action sports cameras and accessories.   The company also produces advanced data storage and memory products.  Their memory card products for cameras, mobile devices, and tablets feature rugged construction, rapid transfer rates, and capacities that strive get the best performance out of each device.

One possible reason that shares are higher on huge volumes is the publication of an article yesterday in a Canadian magazine – WIFI HIFI Magazine. They offered a positive review of some of Monster Digital products.

No firms follow or rate Monster Digital or MSDI shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

GoPro Inc. (Nasdaq: GPRO) Benefitting From Higher Expectations

GoPro Inc. – Nasdaq: GPRO

GoPro shares were over $10 in pre-market trading for the first time since early December and continued their rise (+10%) when the market opened. GPRO, traded on the Nasdaq, ended Monday down 1.16% and ended the day at $9.40 – a long fall from the days when it traded near $100. Investors and news reports are banking that the wearable camera manufacturer has better than anticipate Christmas sales.

Financial Results will be released Thursday – February 2. Investors are likely being appeased by GoPro revising the number of unit sold during the fourth quarter from 1.9 million units to 2.1 million units. Hopes for higher revenues were initially stalled when their new drone offering (named: Karma) had to be pulled from the store shelves due to issues with its battery. However the issues appear to have been addressed and some analysts expect drone shipments to begin again and contribute over $85 million to GoPro’s revenues.

 GoPro sales have steadily increased since 2011 when the firm reported $230 million in sales. In 2015, GoPro posted $1.62 Billion in sales. GRPO shareholders have not seen similar growth in the stock’s EPS. In 2012 GoPro posted an EPS loss of $0.65 following 2011 when they posted a gain of $0.11. The following three years saw positive GPRO EPS at $0.36, $1.07, and $0.27 respectively.

Fifteen firms follow GoPro Inc. Two rate GPRO as a “Strong Buy”, nine rate it as a “Hold”, one rates it as an “Underperform”, and three rate GPRO as a “Sell”. Their consensus price target is $9.25. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Ticker Symbol GPRO
Last Price a/o 12:21 PM EST  $                    10.37
Average Volume 4.56 million
Market Cap $1.27 Bilion
Sales $1.08 Billion
Shares Outstanding 135.54 million
Share Float 100.62 million
Shortable Yes
Optionable Yes
Inside Ownership 0.40%
Short Float 33.18%
Short Interest Ratio 7.32
Quarterly Return -36.27%
YTD Return 7.92%
Year Return -13.20%