It was a fairly strong performance from the Cyberlux Corporation (OTCMKTS:CYBL) stock last week as investors move in on it in a big way and sent it soaring by as much as 10% for the week. It is likely that the stock is going to be in focus among investors this week as well.
Trading Data
On Friday, CYBL stock fell 3% to close at $0.0199 with more than 28.45 million shares traded, compared to its average volume of 61.85 million shares. The stock has moved within a range of $0.0193 – 0.0218 after opening trading at $0.0207.
Cyberlux Beats its Revenue Guidance by 17% for the Full Year 2021 to Drive the Key Accomplishments for the Month of December 2021
Last week on January 19 the advanced digital technology firm had come into focus after it announced that the revenues for the full year 2021 had actually surpassed its projections. Cyberlux announced that it had managed to bring in revenues of as much as $7.7 million and that had exceeded its own projections of $6.6 million by $1.1 million.
That reflected a swing of as much as 17% and hence, it was perhaps not a surprise that investors piled on to the stock last week. However, in addition to that, it is perhaps also necessary to point out that the revenues also exceeded the projections announced in June 2021 by as much as 48%.
At the time, Cyberlux had announced had projected revenues of as much as $5.8 million for the year. At this point, it may be a good idea to keep an eye on the company.
Key Quote
Cyberlux Corporation CEO Mark Schmidt stated:
“Dear CYBL Community, for the fifth consecutive month we have exceeded our expected revenue performance and we are exceptionally excited to see the growth we had from Q3 to Q4, from $2.25 million to $5.1 million, almost double the revenue quarter-to-quarter. This is the best quarterly revenue performance we have every had as a company, with strong results coming from our acquisition strategy and across each of our business units. I know I’ve said this many times before but we really are just getting started!
Technical Data
CYBL stock is trading below the 20-Day and 50-Day Moving averages of $0.230 and $0.0266 respectively. However, the stock is trading above the 20-Day moving average of $0.0191.
