Digital Ally, Inc. (NASDAQ:DGLY) Rockets on Open!

Digital Ally, Inc. (NASDAQ:DGLY)

Digital Ally, Inc. (NASDAQ:DGLY) stock gapped up to open the trading day on news that The Safariland Group announced a newly formed partnership with Digital Ally® for an exclusive distribution agreement of Digital Ally’s VuLink® car based auto-activation system. Twenty minutes into trading, DGLY shares have traded 2.4 million shares versus the listed daily average of just 47,300 – or 500 times the average!

digital ally, DGLY

Stan Ross, CEO of Digital Ally, Inc. (NASDAQ:DGLY) “We are pleased that others are recognizing the importance and value of our products and intellectual properties, especially our patented VuLink auto-activation technology. We are excited to partner with VIEVU to give them the products and technology they need to bring this capability to VIEVU’s customers.”

VuLink System

The Digital Ally VuLink system wirelessly sends a signal to automatically activate the user’s body-worn camera based on various actions with the vehicle, such as a siren being activated, lights being turned on, or a door opening. The VuLink system, when connected to the VIEVU body-worn camera can improve consistency in camera activation by automatically turning on the officer’s camera based on agency-selected vehicle triggers. The automatic activation will significantly reduce situations where body-worn camera footage is not available because an the user forgot to activate the camera.

DGLY Stock Action

Digital Ally, Inc. (NASDAQ:DGLY) stock trade near $6 in February before beginning a long, consistent slide that saw the shares touch their 52-week low of $2.15. Yesterday DLGY shares closed at $2.20 then opened today at $3.05 on the news detailed above. The inter-day high, so far, of $3.50 was hit in the first ten minutes and then the sellers stepped in.

Prior to today’s price action, DGLY shares have been underperforming for investors. They have been down over 47% year-to-date and lost 20% in the past month alone. Despite the poor performance over 2017, two analysts have a “Strong Buy” on DGLY stock with a consensus price target of $8.50.

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: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Is Inpixon (NASDAQ:INPX) Showing Signs of Life?

Inpixon (NASDAQ:INPX)

After losing over 88% of their value over the previous year, traders are wondering if they are seeing signs of life in shares of Inpixon (NASDAQ:INPX). Yesterday INPX shares closed at $0.39, then briefly shot up to break through the $0.50 level before sliding back to end the day at $0.44. Volume for the software company was about four times its daily average.

Inpixon (NASDAQ:INPX)

Palo Alto, CA-based Inpixon (NASDAQ:INPX) provides, globally, data analytics services to commercial entities and governments. It offers AirPatrol, a location-based security and marketing platform for wireless and cellular devices to detect, monitor, and manage the content and behavior of smartphones, tablets, and other mobile. The company also provides enterprise computing and storage, virtualization, business continuity, networking, and information technology business consulting services.

INPX Stock

While the technology company has posted an impressive month in which it has gained over 91%, issues continue to worry investors. To begin with, share dilution has been an annual problem. In 2013 there were 820,000 outstanding shares. That number has increased every year and in 2016 the number of outstanding shares was 1.74 million – more than double their 2013 figure. Still, from 2013 to 2015, Inpixon (NASDAQ:INPX) had increasing year-on-year sales. For 2013, sales were at $50.6 million and in 2015 the reported sales were $67 million. But in 2016, sales fell to $53.29 million.

Earnings have been in a downward trajectory since 2012. That year there was a per share loss of (-$0.74). That per share loss increased each of the following years and in 2016 stood at (-$15.17).

Commonly used ratios are not looking good either. The company, according to recent reports, has a cash per share value of just $0.07. Further, the book value per share is -0.84. When one looks at the entirety of the shares it is not a wonder that INPX shares have fallen so far from their 52-week high of $11.08.

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.

Ocean Power Technologies Inc (NASDAQ:OPTT) Making Waves

Ocean Power Technologies Inc (NASDAQ:OPTT)

Ocean Power Technologies Inc (NASDAQ:OPTT) stock is up almost 50% in mid-day trading on the back of volumes that are over 120 times their daily average. OPTT shares closed at $1.44 yesterday and gapped up to open at $1.70 before hitting an inter-day high of $2.54. By 2:30 PM EST OPTT stock was trading around the $2 handle.

Ocean Power Technologies Inc (NASDAQ:OPTT)

About Ocean Power Technologies

Ocean Power Technologies (Nasdaq:OPTT) is a develops renewable wave-energy technology that converts ocean wave energy into electricity. The company’s proprietary PowerBuoy® technology is based on a modular design and has undergone periodic ocean testing since 1997. The PowerBuoy system integrates patented technologies in hydrodynamics, electronics, energy conversion, and computer control systems to extract the natural energy in ocean waves. The result is a leading edge, ocean-tested, proprietary autonomous system that reportedly turns wave power into reliable, clean, and environmentally beneficial electricity for offshore applications.

OPTT shares have a daily average volume of just over 450,000. However, at the time of this writing, over 36.7 million shares had traded hands. Prior to today’s trading, over the past year, shares have lost close to 60% of their value and been trading under $2 – well off their 52-week high of $5.89. However, OPTT stock has done well over the past month as it has gained over 12%.

OPTT Stock

Ocean Power Technologies (Nasdaq:OPTT) shareholders have had their equity diluted over the past few years. In 2013, the number of outstanding shares was listed at 1.03 million. The company has reported that there are 4.26 million shares outstanding at this time. Sales have also been weak. In 2015, sales were reported at $4.1 million but by 2017 the reported sales were just $800,000. However, per share losses have been contracting on an annual basis. In 2013, the company posted a per share loss of $14.25. That loss shrank each year thereafter and was just (-$2.23) for FY2017.

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.

Social Reality Inc. (NASDAQ:SRAX) Affirms Commitment

Social Reality Inc. (NASDAQ:SRAX)

Social Reality Inc. (NASDAQ:SRAX) shares nearly doubled in value after the advertising technology company announced it had engaged the services of financial advisors to explore strategic alternatives for the SRAXmd business. The stock was up by 70.7% in Tuesday’s trading session to end the day at $4.90 a share.

SRAX Stock Performance

Tuesday’s rally helped affirm a bullish run that began late last month, which has seen the stock bounce from multi-year lows, near the $1 a share mark. While the stock is still down by more than 10% for the year, it continues to trade in an uptrend after erasing some losses.

Renewed investors interest in the advertising technology company comes on growing confidence surrounding the company’s commitment to growing shareholder value. One of the strategic alternatives that Social Reality Inc. (NASDAQ:SRAX) is exploring for the SRAXmd business is strategic acquisitions that have the potential to support the core business.

Social Reality is also considering spinning off some of its business units into its own public company in pursuit of shareholder value. SRAX works with healthcare and pharmaceutical companies to engage healthcare professional’s patient and caregivers through mobile and digital advertising. The firm boasts of a patent-pending platform that is designed to allow for event-triggered response for targeting HCP facilities.

“The ability to positively impact patient outcomes through real-time mobile targeting to professionals is the future of Non-Personal Promotion. We have delivered 100% year-over-year revenue growth for SRAXmd since the rollout of MD products in 2014. Non-Personal Promotion continues to evolve at a more rapid rate than traditional methodologies,” said Chief Innovations Officer Erin DeRuggiero.

Demand Side Platform Acquisition

A move to pursue strategic alternatives for the SRAXmd business follows the acquisition of Demand Side Platform, a technology firm focused on marketing experimentation and optimization of brands. The privately-held firm has helped develop a unique DSP with Real-Time Bidding and targeting capabilities that Social Reality Inc. (NASDAQ:SRAX) expects to bond well with SRAX platform.

“Not only does the technology acquired complement our DSP, but it will also be powerful and valuable to the buy-side of our business serving brands and agencies,” said CEO, Christopher Million.

Separately, Social Reality Inc. (NASDAQ:SRAX) has appointed Veteran Matt Weiss to its Board of Directors. He joins the company having worked for some of the largest advertising agencies in the world such as Havas Worldwide and McCann World group.

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.

Don’t miss out! Stay informed on $SRAX and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

MagneGas Corporation (NASDAQ:MNGA) Receives $1.58 Million Order

MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation (NASDAQ:MNGA) shares fell 6.10% after the clean technology company announced the sale of a gasification unit for $1.58 million. The order builds on a previously announced consulting agreement in Europe where the company is aggressively pursuing sales opportunities.

MagneGas Corporation (NASDAQ:MNGA)

Europe Sales Push

Investor’s reaction, however, has not been good even as the company moves to pursue new sales opportunities beyond Germany. The stock continues to languish near all-time lows after remaining under pressure for the better part of the year. MagneGas Corporation is down by more than 80% for the year.

According to the Chief Executive Officer, Ermanno Santilli, the sale is a milestone achievement as it helps build a pipeline that the company will be able to leverage in the coming months. The unit will be placed in the Nordics region for the production of MagneGas2 from Butanol. It may also be placed in continental Europe at large steel mill.

The sale builds on a$1.9 million deal that MagneGas Corporation (NASDAQ:MNGA) inked early in the month for a gasification unit for the production of MagneGas2 in European markets.

“We were impressed by the quality of the opportunity pipeline that our distributor in Europe has developed in a relatively short period of time and this latest opportunity demonstrates continued success in penetrating a customer base which is ready for a replacement product to legacy acetylene,” commented MagneGas CFO Scott Mahoney.

MagneGas Consulting Contract

In addition, MagneGas Corporation has been contracted by a European partner to provide consulting services focused on identifying and validating the application of their proprietary technology in Europe. The value of the contract is $500,000 and could increase to $1 million – depending on the scope.

Under terms of the deal, the clean technology company is to gain access to an approved range of testing facilities that are approved for waste streams. MagneGas Corporation (NASDAQ:MNGA) is also tasked with the responsibility of determining the economic value and technical feasibility of new gasification and sterilization solutions in Europe. Mr. Mahoney expects the contract to further accelerate the company’s commercialization efforts in Europe.

“There is significant pent-up demand in Europe, due to the regulatory environment and other factors, which represents an immediate and sizable market opportunity for MagneGas,” said Mr. Mahoney.

Separately, MagneGas Corporation (NASDAQ:MNGA) has signed a Letter of Intent for the acquisition of an independent industrial gas and welding supply business, expected to generate over $1.6 million in annual revenues.

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.

Don’t miss out! Stay informed on $MNGA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Pareteum Corp (NYSEAMERICAN:TEUM) and Artilium Ink Deal

Pareteum Corp (NYSEAMERICAN:TEUM)

Pareteum Corp (NYSEAMERICAN:TEUM) traded lower after announcing the formation of a strategic partnership with London-based Mobile Virtual Network Enabler, Artilium. Shares of the company fell 5% to end Monday’s trading session at $1.14 a share.

TEUM Stock Performance

Monday’s sell-off capped yet another poor run, for a stock that has been under pressure for the better of the year. The stock is already down by more than 50% for the year as it continues to trade in a strong downtrend. The stock is at risk of plunging to multi-year lows as it continues to trade at a key support level.

The formation of a joint venture with Artilium, a provider of innovative telecommunications software solutions, is part of an effort that seeks to expand Pareteum Corporation’s footprint into new markets. Pursuant to the agreement, the two companies are to join forces in the development of new products and services.

Pareteum Merger Synergies

The global collaboration will also lead to enhanced sales coverage for both companies while increasing the speed at which new products come to market. The joint venture seeks to pursue mature markets as well as high growth underserved developing markets.

Asia and Africa are some of the markets that Artilium and Pareteum Corp (NYSEAMERICAN:TEUM) have set their eyes on. They are poised to execute plans that could produce an annual growth rate of 23% through 2021.

Pareteum’s Global Mobility Cloud Platform, when combined with Artilium One APP complementary data center infrastructure, should enable carriers and enterprises to have a complete network solution from retail to network. The merger should also enhance Pareteum’s philosophy of connecting any device on any network, anywhere.

‘Pareteum’s and Artilium are a natural fit to build a joint-solution. We are combining Pareteum’s recent success in the IoT and API economy and our deep roots in the network MVNE market, with Artilium’s robust retail, enterprise, e-commerce, and converged app platforms to create a winning combination,” stated Hal Turner, Executive Chairman of Pareteum.

TEUM Share Exchange Agreement

In addition to the formation of a joint venture, the two companies have entered into a share exchange agreement. Pursuant to the agreement Artilium is to issue 27, 695, 177 ordinary shares of 5 pence each at a notional price of 11 pence each. Pareteum Corp (NYSEAMERICAN:TEUM) in return will issue 3.2 million common shares. The New Ordinary shares and the New Common share will be subject to a 9-month lock-in-period.

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.

Don’t miss out! Stay informed on $TEUM and receive breaking news on other hot stocks by signing up for our free newsletter!

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.

WPCS International Incorporated (NASDAQ:WPCS) Shares Find Gravity

WPCS International Incorporated (NASDAQ:WPCS)

Shares of WPCS International Incorporated (NASDAQ:WPCS) are down 11.5% and trading around $1.84 just days after hitting their 52-week high of $3.38. WPCS share volume is heavy and over three times the number of shares have exchanged hands so far today versus the posted average. Interestingly, no real news has surfaced on the company since it released an earnings report on Septmeber 13, 2017.

WPCS International Incorporated (NASDAQ:WPCS)

Suisun City, CA-based WPCS International Incorporated (NASDAQ:WPCS) provides low voltage communication infrastructure services For enterprises in the North American public services, healthcare, energy, and education markets. The company installs and services voice and data networks, security systems, audio-visual solutions, and distributed antenna systems. WPCS was formerly known as Internet International Communications Ltd. and changed its name to WPCS International Incorporated in December 2004.

WPCS Sales and Earnings

Reported sales for WPCS International Incorporated (NASDAQ:WPCS) have been erratic. In 2013 the company posted a figure of $24.8 million, followed by annual sales of $15.8 million, $24.4 million, $14.6 million, and $16.7 million for 2017. However, earnings have been trending favorably. In 2013, the per share loss was (-$119.05), followed by (-$41.99), (-$-13.71), (-$3.99), and, for 2017, (-$0.76).

WPCS Stock

The per share loss contraction over the past few years is encouraging especially when viewed in the context of the increasing number of outstanding shares which carries a dilutive effect. In 2013 there were 50,000 outstanding shares. Over the years the number of outstanding shares has increased and was listed at 2.97 million for 2017. A search revealed that no investment firms have issues a stock rating on WPCS shares recently.

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.

Don’t miss out! Stay informed on $WPCS and receive breaking news on other hot stocks by signing up for our free newsletter!

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.

Recon Technology, Ltd. (NASDAQ:RCON) Pops!

Recon Technology, Ltd. (NASDAQ:RCON)

Recon Technology, Ltd. (NASDAQ:RCON)

By 3 PM EST Recon Technology, Ltd. (NASDAQ:RCON) shares had traded hands over 20 million times. Its 30-day, daily trading average is 20,140 which makes today’s volume figure over 1,200 times the average. At the time of this writing RCON shares are trading around the $2.28 level after closing Friday at $1.02. The catalyst for the 120%+ move hat it has signed a three-year strategic cooperation agreement (“Agreement”) with Beijing OriginWater Purification Engineering Technology Co., Ltd (“BOW Engineering”). According to terms of the agreement, Recon Technology and BOW Engineering will collaborate and promote advanced sewage treatment technology in the Chinese oilfield markets. Together they will also supply solutions and services of superior quality and effectiveness to tackle industrial water pollution.

Mr. Shenping Yin, CEO of Recon Technology stated in the press release “Chinese government as well as large oil companies are dedicated to protecting the environmental during oil production and seeking more efficient techniques and equipment to realize cost-saving and meet increasingly stringent environmental protection requirement… With its abundant market experience, deep insights and visions in oilfield markets, and support of BOW’s team of specialists, we believe Recon will maintain research and technological advantages and deliver better performance.”

Beijing OriginWater Technology Co. Ltd. addresses China’s three main water challenges: water pollution, water shortage and confidence in the drinking water supply. BOW is one of the world largest water-membrane technology enterprises and is also a leading developer of environmental protection enterprises.

Before today’s trading, RCON stock’s 52-week high was $1.93, reached late last year. Its 52-week low was $0.64 which was reached last month. 15% of the share’s float is held by short-sellers – a number that will likely decline given the positive news. Insiders own 53% of the shares and institutions own less than 1%.

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.

Don’t miss out! Stay informed on $RCON and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Short-Sellers Piling into Net Element International Inc (NASDAQ:NETE)

Net Element International Inc (NASDAQ:NETE)

Net Element International Inc (NASDAQ:NETE) shares were up almost 30% after the technology company reported significant progress in its North America Transactions Solutions Segment division. Total e-commerce volumes for the first half of 2017 increased by 33% from the first half of 2016. Transactions processed for the first half of 2017 increased by 34% over the same period in 2016. New e-commerce merchants for the first half of 2017 increased by 37% over the same period in 2016.

NETE Stock

Net Element International Inc (NASDAQ:NETE)

NETE shares closed at $4.06 on Thursday and opened at $4.10 on Friday before hitting an inter-day high of $7.43 on a volume of 4.5 million shares traded. Before yesterday, NETE stock had a 30-day, daily average volume of just 193,000. While the stock hit a price almost 50% higher than its closing price, the stock is still well under its 52-week high of $15.40. Short-sellers are a significant concern for investors. Almost 85% of the outstanding shares are being held by short-sellers. Many have held the short position since late September when NETE shares were trading near $11.

However, the short-sellers could be fighting a challenging battle. Net Element International Inc (NASDAQ:NETE) has posted impressive sales increases each year since 2012 when they posted a figure of $1.4 million. By 2016, that sales figure had improved to $54.3 million. On the other hand, the company has needed to raise funds and has not been shy about conducting share offerings that dilute shareholder value. There were 210,000 outstanding shares in 2012. That number ballooned to 1.31 million by the end of 2016, and the figure is reportedly 1.71 million as of this writing.

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.

Don’t miss out! Stay informed on $NETE and receive breaking news on other hot stocks by signing up for our free newsletter!

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.

Real Goods Solar, Inc. (NASDAQ:RGSE) Awarded New Haven Contract

Real Goods Solar, Inc. (NASDAQ:RGSE)

Real Goods Solar, Inc. (NASDAQ:RGSE) shares gained 23.5% after Solarize New Haven selected the solar company to provide solar electricity to homes and business in New Haven, Connecticut. The campaign is to begin on October 18, 2017, and set to run through March 7, 2018. Smart Power, the nation’s leading nonprofit marketing firm, has been selected to market the campaign as it is experienced with community-based energy programs.

“We are thrilled to be joining forces with Solarize Connecticut once again for what we believe will be another successful Solarize program,” said Tom Champlin, Director of sales at RGS Energy. “We will provide our exceptional service to New Haven, supported by our 31 local Connecticut employees, based out of our 10,000 square foot, centrally located, warehouse in Bloomfield.”

Overall, Real Goods Solar, Inc. (NASDAQ:RGSE) shares have suffered in the market. RGSE stock is down by more than 70% for the year. However, the stock has shown some signs of recovery as investors react to the signing of an exclusive domestic and international license agreement with Dow Chemical Co (NYSE:DOW).

Real Goods Solar, Inc. (NASDAQ:RGSE)

RGS Energy – DOW Agreement

Under the terms of the agreement, RGS is to lead commercial activities for the POWERHOUSE solar shingles stem, developed by DOW.  The company is also to handle supply chain management, marketing, sales installation, and warranty.

The POWERHOUSE solar shingles are designed to be aesthetically more pleasing than a traditional solar array.  RGS plans to expand the network of authorized local roofers to achieve lower cost of customer acquisition as it moves to market the shingle.

The company also plans to engage in direct sales with new home builders in a bid to attract more orders. RGS will also expand its call center and digital marketing program to aggressively market the product.

“We believe that RGS is well positioned to optimize the market potential for POWERHOUSE™ 3.0 solar shingles system. The design of POWERHOUSE™ 3.0 solar shingles addresses the critical requirements of customers and installers and achieves a price point that will be very competitive,” said Kirk Thompson, Business Director of Dow Solar.

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.

Don’t miss out! Stay informed on $RGSE and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.