Cyberlux Corporation (OTCMKTS:CYBL) is well known as one of the leaders in the LED lighting providing industry but in the past week the company’s stock has performed poorly and declined by as much a 7% during the period.
Trading Data
On Wednesday, CYBL stock jumped 2% at $0.0328 with more 55.88 million shares, compared to its average volume of 125.74 million shares. The stock has moved within a range of $0.0306 – 0.0362 after opening trade at $0.0330.
Earnings Recap
In this context, it is necessary for investors to take a closer look at the company’s financial results that were announced on November 16. At the time the company announced the results for the third quarter as well as the nine month period, both of which ended September 30, 2021.
Cyberlux managed to bring in revenues to the tune of as much as $2.251 million in the quarter and that represented a year on year rise of as much as 613% from the revenues of $0.367 million generated in the prior year period.
On the other hand, the revenues in the nine month period stood at $2.62 million and that reflected a rise of $2.62 million on year on year. Last but certainly not the least, the profits in the third quarter stood at $155299 and that reflected a year on year rise of a staggering 289%. The Cyberlux stock may have declined since the announcement of the results but it remains to be seen if it rebounds today.
Technical Data
CYBL stock is trading below the 20-Day and 50-Day Moving averages of $0.0372 and $0.0417 respectively. However, the stock is trading above the 200-Day moving average of $0.0148. The stock is down 17% in the past month.
