Penny Stock Pick - VSCI
The penny stock of the day is the Vision-Sciences Inc. (VSCI) which makes endoscopes for applications in otolaryngology, urology and Gastroenterology. Basically, a medical equipment company. In the latest quarterly report, the company reported net sales of $2.0 million, a slight decrease compare to the previous year. This is a company on a rise sales wise and also equity wise because in this year along the stock price has gained 100% from $2 to $4 and up 300% for the past 52 weeks. At $4 per share, this is a company worth a lot of upside potential to look at.
Technical
The technical chart shows very strong upward momentum as the stock is above the 50 day moving average with both 50 day and 200 day moving average going up. In addition KD and MACD also show very bullish sign.
Insider
Although this year the management has been selling shares, the institutions have been very bullish and bought close to 2 million shares.
Financial
The revenue for 2007 was at $9.4 million, down from $11 million in 2006. However the recent quarterly revenue shows the next fiscal year may be a better year as the first three quarter result shows increase of $1.6 million.
Conclusion
If the financial situation improves, this is a Strong Buy stock.
Penny Stock Score (1~5) 5 is highest
1. News: 4
2. Industry (medical equipment): 4
3. Technical: 5
4. Insider: 3.5
5. Financial: 3.5
Recommendation: Strong Buy
Technical
The technical chart shows very strong upward momentum as the stock is above the 50 day moving average with both 50 day and 200 day moving average going up. In addition KD and MACD also show very bullish sign.
Insider
Although this year the management has been selling shares, the institutions have been very bullish and bought close to 2 million shares.
Financial
The revenue for 2007 was at $9.4 million, down from $11 million in 2006. However the recent quarterly revenue shows the next fiscal year may be a better year as the first three quarter result shows increase of $1.6 million.
Conclusion
If the financial situation improves, this is a Strong Buy stock.
Penny Stock Score (1~5) 5 is highest
1. News: 4
2. Industry (medical equipment): 4
3. Technical: 5
4. Insider: 3.5
5. Financial: 3.5
Recommendation: Strong Buy
posted by Stock Geek at
8:09 AM
3 Comments:
great technical trading the volume is strong the it looks now that at price 4.7 the share is stable gaining power to the next step , I stay IN !
great trading the turnover are above the average , the price looks in a stage of gaining power to the next level I think the company will rise again in the next few months.
If the price cross 4.8 for more then one day trading it will be in a great rally on may 2008
the Stock went up to 6 but the turnovers shrinked ,as we can see the price moved back to 4.7 the turnover get stronger as the price stable at 4.7 - 4.8.
for my opinion no more then a week hand seeling fast profit.
we will see the vsci at 6 on June !
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