“Zero-emission is more than an aspiration!” That’s the theme behind Enova Systems Inc. (OTC: ENVS) which saw virtually no gains on its insane volume created Thursday by, none other than, the Penny Stock Psycho. It’s too bad because, from a financial point of view, the electric and hybrid electric buses and medium and heavy duty commercial vehicles focused Company was on to something a year ago before its revenues dipped more than -82%.
Now that day two is about to begin and everyone in it to win it and passed on the ENVS stock spike early on Thursday is set and ready to get “Green for Free” by having stayed in for a day two run.
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
ENVS Stock Quote
Market Cap: 3.96M
Last: 0.089 ▲ 0.076 (584.62%)
Dollar Volume: $3,385,309
Issued and Outstanding: 44,520,197
14-Day Rel Strength: 85.75%
14-Day Stochastic: 24.60%
Looking for Hot Penny Stocks?
Click here To Receive FREE Penny Stock Alerts
The good news is that Enova Systems was listed on the NYSE MKT, the AMEX, until October, 2012 and, as pointed out in their most recent 10-Q, trades on the London Stock Exchange under the symbol ENV.L. On top of that, the Company, during the years ended 2011 though 2009 reported revenues of $6.62 million, $8.57 million, and $5.62 million, respectively.
In 2011 alone, Enova Systems delivered a total of 305 full systems and 85 additional motor controller units of Enova drive systems to its customers.
Unfortunately, 2012 was not as promising since revenues were negatively affected by continued uncertainty over battery performance and non-recoverable engineering costs associated with battery development. Almost all of the Company’s delayed all-electric vehicle marketing initiatives resulting in decreased demand for Enova’s systems.
What traders are most focused on at present is whether ENVS stock is worthy of the highs it sat on Thursday and the clear answer to that is “almost”. Stretch those muscles and prepare to do the Harlem Shake today. Holding through Thursday or getting in at under 0.10 early today is worthy of seeing some exceptional returns prior to the start of the weekend.
About ENVS Stock
Enova Systems, Inc. is a globally recognized leader as a supplier of efficient, environmentally-friendly digital power components and systems products, in conjunction with associated engineering services.
Last 5 Trading Sessions:
Bottom Line: ENVS did nothing on Thursday except set up a base which makes it one of the best penny stocks to play for Friday. With most early traders having averaged down or bailed out and those aware that Psycho doesn’t always do a “day two” having sold out, ENVS stock is ripe for a rip, but still a risky hold over the weekend.
Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter
If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks
(We are 100% Anti-Spam and will never rent or sell your information)Share