Reflecting back to what we were thinking one year ago next week when we gave a thumbs up to the penny stock of Sigma Labs, Inc. (SGLB), it’s hard to believe it’s only up 437%. 3-D printing technology has grown by leaps and bounds in the past 12 months and, although it did peak during the summer, SGLB stock seems to be trading a bit too low for what all they have achieved during that span. Perhaps when further details of the Memorandum of Understanding with Burke E. Porter Machinery, Inc. become more permanent, the realization of roughly $1 million in revenues might just kick in.
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SGLB Stock Quote
Market Cap: 47.73M
Last: 0.086
Volume: 1,100,060
Dollar Volume: $93,523
Open: 0.087
High: 0.089
Low: 0.083
Trades: 47
Authorized: 750,000,000
Issued and Outstanding: 557,766,061
14-Day Rel Strength: 62.51%
1st Resistance Point: 0.0905
1st Support Level: 0.0794
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Hmmm, let’s see, a year ago when Sigma Labs was trading at just 0.016, Richard Mah was the CEO, there were 427,667,400 shares of SGLB stock issued and outstanding, and revenues were only $107,633 and $193,725 for the 3 and 6 months, respectively, ended June 30, 2012. A year, Mark Cola is appointed one as President and CEO, shares haven’t increased by much, and revenues are more than double what they were last year.
Money is being banked this year, not only by revenues from consulting services, but from a private placement on July 18, 2013, whereas $1,200,000 was banked from the sale of 120,000,000 shares of restricted SGLB stock at $0.01 per share. While the consulting revenues have bought in $472,249 for the first 6 months of 2013, the big picture is Sigma Labs’ ability to get their PrintRite3D® into the rapidly growing and emerging market in order to catapult what SGLB stock should be worth.
Almost a month ago, Sigma Labs and Burke E. Porter Machinery, Inc., a leading global supplier of advanced electrical, mechanical, and software machinery solutions for the automotive, energy, and general industrial sectors, inked a deal to discuss doing something together. Within the Memorandum, preliminary intent to collaborate commercially and technically for the development and promotion of products related to metal-based additive manufacturing are the focus.
Rather than to say “should”, but instead “when” the deal is inked for the 2 to strategically join forces, Sigma Labs will be going global and activity on SGLB stock is sure to be recognized. Until then, it’s accumulate, accumulate, accumulate and prepare for the trading session when the 52 week high of 0.135 from July become nothing more than a support level for SGLB.
About SGLB Stock
Sigma Labs, Inc. is a development stage company that specializes in the development and commercialization of innovative manufacturing and materials technologies.
Click here to view the SEC filings for SGLB.
Click here to view the website for Sigma Labs.
Last 5 Trading Sessions:
| Date | Last | Change | Volume | |
| 09/06/13 | 0.0850 | unch | unch | 1,100,060 |
| 09/05/13 | 0.0860 | +0.0078 | +9.97% | 4,355,300 |
| 09/04/13 | 0.0782 | +0.0082 | +11.71% | 3,516,000 |
| 09/03/13 | 0.0700 | -0.0030 | -4.11% | 2,327,300 |
| 08/30/13 | 0.0730 | +0.0010 | +1.39% | 1,721,700 |
Bottom Line:
Technology stocks like SGLB are hard to come by when sifting through all the penny stocks that have tomorrow’s needs without the means to get it to market alone. At 0.086, SGLB stock is steal for longs who can sit back and wait for the chance to double their money.
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