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Tuesday, October 20, 2020

Action Heats up For Liquidmetal Technologies Inc (OTCMKTS:LQMT)

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) is a stock that’s been going into a parabolic rally in recent days. We can’t be entirely sure of the catalyst. However, we can see that the company’s CFO just bought about a million shares (see Form 4 filing from December 2) and the company just announced a special conference call for December 15.

It’s pretty easy to see that something is going on here, and it’s probably going to be good for shareholders. As we noted in our last update on this company, “LQMT is always at the center of many speculative fancies given its inner-radical position on the frontier of product development for products such as the iPhone and other devices.” Hence, when you see a very notable insider purchase along with the sudden announcement of a special conference call, you can imagine folks are sniffing out a major contract announcement.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) trumpets 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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According to the company’s recent release, “the world’s leading developer of amorphous alloys and composites, will hold a special investor update conference call on Thursday, December 15th at 4:30 p.m. eastern time to outline recent events as well as provide guidance on the future goals of the company. Liquidmetal Technologies Board Chairman Lugee Li will host the call. Please Dial in 5-10 minutes prior to the start time using the number/ conference ID below.”

Recent action has seen 40% added to share values of the company over the past month of action. Market participants may want to pay attention to this stock. LQMT has a track record that includes a number of dramatic bounces. Furthermore, the stock has benefitted from a jump in recent trading volume to the tune of a bit less than 150% beyond what we have been seeing over the larger time frame.

We noted that we liked Liquidmetal Technologies Inc the last time we took a look at it. Shares have rallied about 103.3% since that time. And speculation has clearly only ramped higher that a major contract with a top tier technology firm is in the works.

Earning a current market cap value of $207.4M, LQMT has a significant war chest ($6.40M) of cash on the books, in a pool of total assets just under $8.8M, which must be weighed relative to virtually no total accumulated debt. LQMT is making real money, with trailing revs already coming in at $374.00k. In addition, the company is starting to see major topline growth, with quarterly y/y revs increasing at 267%. We will be sure to update this story again soon as events transpire. For continuing coverage on shares of $LQMT stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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