Is there a “back of the envelope“ method to determine the average price per share for current stock holders? I’ve been pondering this question since the recent runner-up. Basically, I’ve been in EKSO for many years, but also had the good fortune to buy-in substantially during the rights offering and after. So, prior to the run, my brokerage shares had been at an average price per share of 3.05 and my recently purchased IRA shares were at 1.18. I did sell a 1/3 of both positions which has put me in an extremely low risk position to hold until EKSO has the time to fully implement their plans and reap the financial benefit.
I figure that there is a longer term core group that are holding somewhere around the 3 to 5 price range and if they didn’t sell during this past run up, then they will most likely hold until this runs to a higher price point. Then you have the 34 million shares held by Puissance with the obligation to not sell any shares for a full year. So, they obviously believe and their shares are dormant for the moment. And then we have the recent folks who just discovered EKSO and now are holding at around the 2 to 4 range. Finally, I’m assuming that the momentum and day traders have exited their positions during the past few trading days and that wildcard is soon removed from the deck (at least until more news is released...). So, is it reasonable to believe that many shareholders would be disinclined to sell below 2.5? Or, is that just a ridiculous assumption based on completely anecdotal musings.
I’m trying to look at price per share from a different angle and don’t have as much faith in charts when it comes to such small cap stocks. Appreciate any random thoughts or condemnations.
