Penny Stock Pick - AIS

The Ewing, NJ based Antares Pharma (AIS) is a penny stock way undervalued as described by Dawson James Securities which is why the investment firm today reiterates Strong Buy rating and also gives a price target of $4. In addtion earlier this month another firm Punk, Ziegel and Co. also initiated the coverage on the stock with a Buy rating. All these bullish rating make us wondering why these investment firms are so hot about the stock. And with some simple analysis you would see why.

Technical
The technical chart shows very bullish sign as the stock is on top of both 50 day and 200 day moving average with 50 day MA also on top of 200 day MA. In addition K line is back above D line and MACD is back above 0 which show beginning of bull market rally.

Insider
Although there were no significant activities from the insiders the instituions have been very bullish and bought almost 2 million shares in the latest quarter.

Financial
The lastest earning result reported on March 27 showed very bullish sign as the company had $2 million revenue for the fourth quarter of 2006, a 175% increase compared to 2005 which result in the total revenue of $4.3 million for the year of 2006 almost doubled the revenue of 2005. The increse in revenue was due to increase in product sales which was definitely a plus sign. Besides that the net loss for the quarter was also lower thatn the previous year.

Penny Stock Score (1~5) 5 is highest
1. News: 5
2. Technical: 5
3. Insider: 4
4. Financial: 5
Recommendation: Strong Buy