Advanced digital technology platform firm Cyberlux Corporation (OTCMKTS:CYBL) could be one of the stock that could come on to the radars of investors in a big way this morning. The stock had emerged as one of the notable movers yesterday and ended up clocking gains of as much as 6% as a consequence.
While the gains may be notable, it is perhaps also important for investors to keep in mind that despite the strong recovery from the stock yesterday, it is still actually down by as much as 11% over the past week. In this situation, it may be a good idea for investors to consider taking a look at the announcement from Cyberlux on Thursday.
Trading Data
On Thursday, CYBL stock moved up 6.12% to $0.0156 with more than 22.83 million shares, compared to its average volume of 41.53 million shares. The stock moved within a range of $0.0140 – 0.0163 after opening trade at $0.0160.
Key Analysis
The company made an announcement yesterday with regards to its revenues for the month of February. Cyberlux announced yesterday that in the month of February, it had managed to generate revenues to the tune of as much as $2.12 million and that proved to be 41% higher than the $1.5 million in revenues that had been in place in the company’s revenue plan. It goes without saying that it was a major announcement from the company and the rally in the stock price was perhaps also understandable.
While the fact that the revenues exceeding the revenue plan was a significant development, it is perhaps also necessary for investors to note that it also exceeded the January revenues by as much as 13%. However, the performance was particularly notable because it was the first time in the history of Cyberlux that the company had managed to generate revenues in excess of $2 million for the month of February. At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists and watch for further developments.
Technical Data
CYBL stock is below the 20-Day and 50-Day Moving averages of $0.0168 and $0.0211 respectively. The stock is trading in the oversold zone with the RSI at 54.
