AXION International Holdings, Inc. (AXIH), a leader in recycled plastic and plastic composite technologies, has been, by far, the most surprising penny stock over the last month. Due to hold a press conference after the close of trading today, AXIH stock has gained as much 148% over the past 20 trading sessions after setting a new 52 week high during early trading Monday. With a fresh 3 year, $42 million contract in hand, more than 33X the revenues booked for the first 9 months of 2013, an explanation of what to expect from this green construction material could blow the doors off any resistance levels as to if $1.24 is too expensive.
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AXIH Stock Quote
Market Cap: 38.46M
Last: 1.24 ▼ -0.06 (-4.62%)
Volume: 1,192,354
Dollar Volume: $1,523,969
Open: 1.275
High: 1.43
Low: 1.10
Trades: 882
Authorized: 250,000,000
Issued and Outstanding: 31,018,605
14-Day Rel Strength: 73.27%
1st Resistance Point: 1.4133
1st Support Level: 1.0833
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Axion International Holdings has been crushing their 2102 revenues each and every quarter this year, but it wasn’t really until they filed their Q3 results in mid-November when AXIH stock really started to move up the charts. Stuck between 0.42 and 0.57 for most of the summer, the return to the year-to-date high of 0.75 seemed to be bullish enough to spark some serious interest.
Axion makes what the world needs: highly durable industrial materials using their patented Recycled Structural Composite (RSC) formula. From railroad ties to mats and bridges for large construction equipment to travel across, revenues were already better than expected before the Company announced on December 3 a 3-year, $42 million contract to provide recycled materials to a major thermoplastics company.
The deal, broken down simply to mean $14 million a year over the next 3 years, more than 8-bags the current revenue numbers which are on target to come in just under $2 for the year ended December 31, 2013. Factor that in with a gross profit margin of roughly 8% and operating expenses of roughly $1.4 million a quarter and Axion just might be able to begin reporting net income within the next 12 months.
As for AXIH, 30 million shares outstanding is what you call “structured for he NASDAQ.” Although warrants and stock options are abundant, the recent approval to increase the authorized shares from 100 million to 250 million is indicative that growth has only just begun. Seeing $2 for AXIH in the next 3 months is nearly a given considering the attention its getting and the news its reporting over the last few weeks.
Today’s trading session should be one swarmed with speculators targeting both sides of the coin with AXIH. Shorts will be looking to take advantage of the recent run while longs will be looking to get in before the after-market conference call. Seeing as how The Community Bank and MLTM Lending, LLC are in it for the long run, speculation that AXIH is merely a clever pump and dump like some are chatting about on iHub is a position which could cost more than the risk of it being true.
About AXIH Stock
Axion International Holdings, Inc. develops, manufactures, markets and sells composite rail ties and structural building products, such as pilings, I-beams, T-beams and boards which are fully derived from common recycled plastics and high-density polymers, such as polyethylene, polystyrene and polypropylene.
Click here to view the SEC filings for AXIH.
Click here to view the website for AXION International Holdings.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 12/16/13 | 1.2750 | 1.4300 | 1.1000 | 1.2400 | -0.0600 | -4.62% | 1,192,300 |
| 12/13/13 | 0.9700 | 1.3200 | 0.9500 | 1.3000 | +0.3400 | +35.42% | 819,000 |
| 12/12/13 | 1.0090 | 1.0400 | 0.9200 | 0.9600 | -0.0900 | -8.57% | 141,400 |
| 12/11/13 | 0.9600 | 1.1500 | 0.9400 | 1.0500 | +0.1200 | +12.90% | 433,000 |
| 12/10/13 | 1.0400 | 1.0900 | 0.9000 | 0.9300 | -0.0900 | -8.82% | 472,300 |
Bottom Line:
Green penny stocks are the way of the future with dozens of them to have incredible 2014’s. AXIH started the party early and should continue to ring in the new year above $1.
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