Exponential growth and changes to upper level management are usually a tell-tale sign that A Company has just switched gears to take its technology and/or product line to the next level. From a financial point of view, Ecosphere Technologies, Inc. (OTC: ESPH) is one penny stock that investors and traders alike should be extremely excited about going forward. Revenues are exploding, expenses decreasing, dilution is non-existent and positive cash flow is screaming for ESPH stock to be trading much higher than its current level.
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ESPH Stock Chart
Market Cap: 58.30M
Last: 0.39 (unchanged)
Volume: 199,690
Dollar Volume: $77,050
Open: 0.39
High: 0.395
Low: 0.371
Trades: 41
Authorized: 300,000,000
Issued and Outstanding: 149,684,914
14-Day Rel Strength: 35.82%
14-Day Stochastic: 14.73%
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Robust is an understatement when you talk of the growth Ecosphere Technoloiges has achiceved in the past 5 years. Heading into 2012, management estimated revenues to eclipse $28 milion, a number which was increased to $31 million and looks to be an accurate assumption for the upcoming 10-K filing.
Revenues were already $24.31 million for the nine months ended September 30, 2012 and news was recently released of the Company’s majority-owned subsidiary, Ecosphere Energy Services, LLC, completed manufacturing, acceptance and delivery of two Ozonix® EF80 units to Hydrozonix, LLC in the Q4, 2012.
Just look at where Ecosphere Technologies has come from since the start of 2009:
|
2011
|
2010 |
2009
|
|||||||||
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Revenues
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$21,088,159 | $8,964,484 | $1,760,129 | ||||||||
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Operating loss
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(5,340,242) | (8,611,028) | (9,704,186) | ||||||||
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Net loss
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(7,654,674) | (22,237,207) | (18,425,903) | ||||||||
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Loss per share
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(0.05) | (0.17) | (0.19) | ||||||||
Ecosphere is driving clean water innovation with its patented Ozonix® advanced oxidation technologies and its mobile, low maintenance water treatment systems. With revenues growing and both operating income and net income both positive for the nine months ended, $2,354,422 and $1,186,631 respectively, why then is ESPH stock down -49.35% since one year ago?
ESPH stock went into 2012 with momentum, running from 0.352 to 0.77 over the course of roughly 7 weeks. From mid-February, a time when a number of other good penny stocks also experienced 52 week highs, until roughly the same time as in late December,2011 when the shares started their momentum run, ESPH was on a decline. Why?
Dilution is virtually non-existent, 142,421,093 shares outstanding as of May 6, 2011 versus 149,684,914 as of November 6, 2012. Revenues for the nine months ended September 30, 2012 already surpassed total revenues for all of 2011 and were nearly triple total revenues from 2010.
Here’s a glimpse at some of the technical numbers to judge ESPH by:
- 0.77 ¦ 52Wk High (2/13/12)
- 0.32 ¦ 52Wk Low (12/17/12)
- 0.40 ¦ 1st Resistance Point
- 0.41 ¦ 2nd Resistance Point
- 0.38 ¦ 1st Support Level
- 0.37 ¦ 2nd Support Level
With positive EPS for the year ended December 31, 2012 expected, booming revenues and shares dipping near their 52 week low, ESPH is a bargain of a penny stock for long investors with every chance of seeing a higher high than the one set one year ago. Have it on your radar and see if you can see what we see.
About ESPH Stock
Ecosphere Technologies, Inc. is a diversified water engineering, technology licensing and environmental services company that designs, develops and manufactures wastewater treatment solutions for industrial markets. The Company provides environmental services and technologies for use in large-scale and sustainable applications across industries, nations and ecosystems. Click here to view the SEC filings for ESPH.
Last 5 Trading Sessions:
| Date | Last | Change | % Change | Volume |
| 02/08/13 | 0.3900 | unch | unch | 199,690 |
| 02/07/13 | 0.3900 | -0.0100 | -2.50% | 85,400 |
| 02/06/13 | 0.4000 | unch | unch | 150,800 |
| 02/05/13 | 0.4000 | +0.0050 | +1.27% | 226,400 |
| 02/04/13 | 0.3950 | -0.0400 | -9.20% | 352,000 |
Bottom Line: ESPH is way too cheap for the numbers they are putting up and should be on every penny stock investor’s watch list. With the 10-K upcoming and the history ESPH stock has had at this time of the year, a reversal of the trend is sue to occur which could gain enough attention to double from its current level.
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