Liquidmetal Technologies Inc (OTCMKTS:LQMT) continues to perform in this bull market. The company makes, as its name should suggest quite clearly, liquid metal alloy materials well-suited for today’s device-driven technology marketplace. Its products and components are designed and developed from bulk amorphous alloys with application at this point in for non-consumer electronic devices, including aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.
Where are the consumer electronics? That’s the huge wildcard here, as we have noted over past months. But at this point, it remains a wildcard. That said, the company is moving forward in a productive capacity, and the market is rewarding its investors. The stock has been a top performer, by any measure, rallying as much as 625% in the past 21 months in a remarkably steady progression up the charts. Recent action has not deviated from that technical personality.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) casts itself as a materials technology company that designs, develops, and sells products and components from bulk amorphous alloys to customers in various industries. It offers components for non-consumer electronic devices, including aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.
The company also provides liquidmetal alloys for use in the aerospace, automotive, defense, medical/dental, non-consumer electronics, and sporting equipment applications; and designs and develops components for aerospace and defense customers. In addition, its products related to various medical devices include specialized blades, clamps, tissue suturing components, dental devices, and general surgery devices, as well as tissue manipulation devices and orthopedic instruments utilized for implant surgery procedures.
Further, the company sells tooling and prototyping parts, such as demonstration parts and test samples for customers with products in development; and offers product licensing services. Liquidmetal Technologies, Inc. was founded in 1987 and is based in Rancho Santa Margarita, California.
From the company’s press messaging, they frame themselves as “the leading developer of amorphous alloys that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies Inc is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.”
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As noted above, the LQMT story is a stable one in terms of prospects, and that status is not dependent upon sentiment around its potential as an Apple, Inc. supplier someday. This is a business operating at a strong level, hence the rally in shares.
We see strong cash levels and very little debt, which puts the company in a solid position to make decisions proactively for the good of its shareholders, and avoid dilution. That’s why shares have been trending higher. This time around, it does not appear to be speculation of some elusive deal.
One other catalyst that defining the recent tape is the investor open day, slated to take place on October 17. We are always interested in these events because the market action into the event likely reflects some degree of decision-making by those with more direct insider knowledge of the company’s sense of things on a day-to-day basis, as well as its upcoming initiatives.
Traders will note 17% added to share values of the name over the past month of action. The situation may be worth watching. LQMT is a stock who’s past is littered with sudden rips. In addition, the name has registered increased average transaction volume recently, with the past month seeing 66% beyond what we have been seeing over the larger time frame.
At this time, carrying a capital value in the market of $368.4M, LQMT has a significant war chest ($45.4M) of cash on the books, which must be weighed relative to virtually no total current liabilities. LQMT is pulling in trailing 12-month revenues of $384K. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 70.6%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. Sign-up for continuing coverage on shares of $LQMT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $LQMT, either long or short, and we have not been compensated for this article.