actively trading - bear market is over
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Good Morning Adam!
CODX has had a price of about 30$ already on May 14. Now in consolitation...
That means CODX's marketcap has been at $800M for a short time!!
There is still sooooo much upwards potential in ABMC ($27M MCap)...
Posted 5 hours ago according to google:
https://pennystocks.news/american-bio-medica-corporation-continues-to-hit-new-highs-on-covid-19-buzz/
American Bio Medica Corporation (OTCMKTS:ABMC) Continues to Hit New Highs on Covid-19 Buzz
ABMC 0.7900 0.0000%
The coronavirus pandemic has been one of the biggest healthcare crises to have hit the world, and companies which are involved in tackling the crisis have seen their stocks make considerable gains. One such company is American Bio Medica Corporation (OTCMKTS:ABMC), which is involved in manufacturing immunoassay test kits for point of collection tests for substances that are abused.
Why the Sudden Jump?
The company has successfully created a global distribution network and boasts of clients from government and workplace to educational institutions and correctional facilities. However, in recent weeks, the stock has soared considerably, and all that can be traced back to the announcement in March from American Bio with regards to its coronavirus test.
The company announced that it started offering a Rapid Test to detect COVID 19 from March 17, and considering the skyrocketing demand for such kits, it was a wise move from the company. The product is a highly promising one considering the fact that it offers qualitative as well as differential detection of the 2019 Novel Coronavirus in as little as 2 minutes.
The maximum time the rapid test can take up to deliver a result is 15 minutes. That being said, it should be noted that when American Bio Medica made the announcement, the product had not been reviewed by the United States Food and Drug Administration.
Coronavirus Testing Kits
However, as per the new guidelines set by the FDA with regards to coronavirus testing kits, the product had been allowed to go on sale. The testing kit can be deployed to make the fast screening of individuals, irrespective of the symptoms they display. However, that is not all. These testing kits can also be deployed at correctional facilities, hospitals, and clinics if need be. It should be noted that the test is not meant for consumer use and has been marketed in compliance with the guidelines laid down by the FDA.
The stock has soared by as much as 400% over the past month, and investors could do well to keep an eye on it over the course of the coming days.
The rally in the stock is the indication that the market liked what it saw from American Bio Medica, and it has become one of the more exciting stories in the small-cap space. The coronavirus pandemic is still at large, and it is likely that the demand for the rapid test is going to be there in the near term.
Hence, it will be interesting to observe how the stock performs over the coming days, and investors could also keep track of the events surrounding its rapid test. If the ‘second wave’ panic turns out to be true, then the demand for the company’s tests is going to rise.
Do you remember on my price target. Is looking quite similar to CODX's price....
$ABMC
Hold tight your shares and buy the dips!
$ABMC
... is looking like a conso is coming...
$ABMC
Price Target 16,50$ in 12 months!
$ABMC
According to your math it will be more likely that we see my price target of 16,50$ next 12 months...
$ABMC
The additional distribution fee for allgenericos is included in those price from your link as well. So it should be more less from 11,88$ as stated
Good morning Adam,
0.50$ was my estimated profit per sold kit to calculate the PPE.
I think there is a misunderstanding according to your statement.
It is not my intention to sell in those prices ranges. I am long in ABMC.
Some of us here on board have much, much more shares as me in ABMC. Hopefully they know how to sell those quantities without breaking a upwards trends negatively.
Orient Gene is moving to all time highs...
https://www.tradingview.com/symbols/SSE-688298/
Past all time high was 8,50 $ on Sept 27, 1996
$ABMC
Another math;
Already on May Allgenericos Equador stated sales of 11 mln test kits. That was exactly 2 months after ABMC has announced that they will start to sell those kits.
If we assume ABMC can sell 10 mln kits each two months, so we could sell 60 mln kits per year.
Price for one kit = 5$
Profit for one kit = 50 cent
Estimated annual kits revenues: 300 mln $
Estimated annual kits profits: 30 mln $
With a PE ratio of 20 ABMC's MCap should be: 600 mln $
So we should have a PPS of about 16.5 $
With all that what we know, ABMC will see new all-time highs within next 12 months.
$ABMC
looking good!
Great find!
Yes! Really healthy! Flipping quite dangerous. Better you only hold with those low float.
$ABMC
Yes! Soon!
Parabolic chart is building.
We will move up from slowly last weeks to faster next weeks!
Read the chart if you know how to!
We have a text book chart here...
$ABMC
As Adam already told, our kits are Chinese ones. It is only a distribution agreement to sell those kits worldwide.
ABMC has a great advantage against its competitors through their GSA contracts. So they also can provide government & partners directly without time intensive clearings before.
$ABMC
Great response from ABMC. I didn't know those mail.
Thanks for sharing A!
$ABMC
Actually ABMC is a NASDAQ stock, so she should be treated like a NASDAQ stock. She will be a NASDAQ stock soon imo.
OTC = flipping stock
NASDAQ = investment
$ABMC
What is the story for you here that you still average down your positions since years? Must be a great story!?
Can anybody tell me, when will end the suspension of ERHE at OTC Markets. I heard of 7 months og suspension. When did it start? Is there a link to those information?
Only speculation, nowhere written about a merger between ABMC and AYTU. Hopefully ABMC will be stand alone for maximum gains!
$ABMC
Fasten your seat belts! Rocket is starting finally...
$ABMC
I would not sell under a bid of 10$ on Monday!
$ABMC
A takeover could be avoided if 50% of ABMC's shares are and leave in strong hands
I am not hoping for a takeover from another company!
I had this several times in the past. Every time the upward move was limited between 100 - 200.
I had that also with a small company which was taken over from Pfizer over a decade ago.
You will only get some shares from the mother company without any leveraged up move potential.
$ABMC
I think in those price, the service through an onsite professional is included!
Those price seems to be too low with services, but if you catch a company with 500 employees or more, you could make much money with only one professional.
$ABMC
As i understand, BSINTEGRA provides testing services for companies employees with ABMC's Kits. Each onsite test costs 35$
$ABMC
Great! Thanks for sharing.
$ABMC
Profittakers are going to reload soon. This consolidation is needed and usual. Building up for the next leg.
Keep calm!
... and better Melissa is quiet instead of all the lies in other usual OTC stocks.
This stock will move without any news!
$ABMC
Premarket ask @0.286
$ABMC
ABMC comparison - 1996 to 2020
1996:
- OS about 12 mln shares
- Revenues about 750000$
- net income about 600000$
- PPS: 8,44$ high of year
- MCap: 101,28 mln $
2020
- Allgenericos stated about 11 mln worldwide Covid-19 test kits sales already on May 11.
- Sales price about 5$ for 1 Kit.
- Allgenericos stated also "and adding" on May 11.
What valuation will we see at the end of 2020?