Having been monitoring the activity since the delisted AMEX penny stock of T3 Motion, Inc. (TTTM) entered onto the OTCBB, VIP members are, once again, up 200% with ease. Alerted back at the start of August as a strong buy candidate, TTTM stock has recovered well after the move and is even impressing investors financially thanks to the cost-cutting initiatives set forth by new President, CEO and interim CFO, William Tsumpes. With plenty of room to grow and some technical points worth looking at, seeing T3 roll its way back into the double-digits before the Q3 release seems like a no-brainer.
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TTTM Stock Quote
Market Cap: 1.38M
Last: 0.0625 ▲ +0.0051 (+8.89%)
Volume: 37,700
Dollar Volume: $2,242
Open: 0.05
High: 0.065
Low: 0.0487
Trades: 7
Authorized: 150,000,000
Issued and Outstanding: 15,323,277
14-Day Rel Strength: 64.51%
1st Resistance Point: 0.0688
1st Support Level: 0.0525
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T3 Motion initially caught or attention back in May when the Miami Police Department, the greatest PD in the U.S. in or opinion, picked up and put into service a fleet of 9 of the Company’s new T3 Patroller™ vehicles to revolutionize the way officers patrol the city of Miami. If those dudes are cool with patrolling places like South Beach and Coconut Grove on them rather than a Segway, then there had to be something to this Company.
Research proved that T3 Motion had made some moves internally back in February which were not only necessary, but could surely make a difference when it came to getting the bottom line of the Company into the black. Not only did William Tsumpes replace Rod Keller Jr. as CEO of the Company, but they have restructured a large portion of the senior convertible debentures which was restricting the ability to have access to any future cash.
From a technical point-of-view, TTTM stock deserves a much better PPS when considering a few factors which are evident. Revenues for the 3 and 6 months ended June 30, 2013, $1,069,656 and $2,559,585, respectively, are just slightly off from where they were for the same periods in 2012: $1,456,245 and $2,861,319, respectively. At the same time, gross profit on lower sales has dramatically increased, $310,014 and $628,819, respectively, versus $269,592 and $380,472, respectively. However, nearly a year ago, September 21, 2012, TTTM stock traded at 0.60.
When looking at YTD Revenues versus the Market Cap, revenues for the 6 months ended are roughly $1.2 million more than the current market cap of TTTM. At the current pace, T3 Motion will top $5 million in sales this year with a chance of booking gross profit of nearly $1 million. That being the case, there is no chance TTTM stock can’t hang below a dime for much longer before savvy investors catch wind of the 3-wheeled electric stand-up vehicle maker.
About TTTM Stock
T3 Motion, Inc. and its wholly-owned subsidiaries, R3 Motion, Inc. and T3 Motion, Ltd., develop and manufacture personal mobility vehicles powered by electric motors.
Click here to view the SEC filings for TTTM.
Click here to view the website for T3 Motion.
Last 5 Trading Sessions:
| Date | Last | Change | Volume | |
| 09/09/13 | 0.0625 | +0.0051 | +8.89% | 37,700 |
| 09/06/13 | 0.0574 | -0.0025 | -4.17% | 143,300 |
| 09/05/13 | 0.0599 | +0.0199 | +49.75% | 238,900 |
| 09/04/13 | 0.0400 | -0.0100 | -20.00% | 35,100 |
| 09/03/13 | 0.0500 | +0.0001 | +0.20% | 75,000 |
Bottom Line:
Dedicated to raising the bar on vehicle environmental standards and green energy solutions, TTTM is a still a bargain at its current price level. Although you won’t see TTTM stock landing n the top 10 penny stocks traded list due to the low float, you can easily see yourself booking 100% or better from 0.0625 prior to the holiday season making it easier to afford to buy your own T3 Powersport and slap a phat “AimHighProfits” sticker on the front of it.
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