Ekso Bionics Holdings Inc (EKSO)

[PennyWorld]

EKSO was a technical signal on one of my Tradestation scans, and I got in just before the Ford PR. So I got lucky with that and took a small profit. Then I got back in later as the PPS slid. I currently own 4,000 shares with an average cost basis of 2.70. So I'm sitting on a paper loss right now, but plan on averaging down again if the PPS dips to 1.30 or so.

I think that since EKSO is coming off from a fairly fresh R/S that they should be able to run for a while by dilution to pay the bills. So I'm gambling that sometime in 2018 we'll see another nice PR like Ford, or we'll finally see some new contracts being signed (rev growth). There debt/cash ratio looks pretty healthy and the float is relatively small (thanks to the last R/S). I feel for those that got swept up in that R/S. The PPS seldom holds up unless there is solid rev/income growth following it. But I do think that they must find a way to push down their cost structure on the products so they can increase their profit margin. But it was TA (Technical Analysis) that got me into EKSO, now it FA (Fundamental Analysis) that's keeping me in it.