More often than not investors are often keen on stocks that may have clocked substantial gains over a period of several weeks and that brings the Twin Vee Powercats Inc (OTCMKTS:TVPC) stock into the discussion.
Trading Data
On Thursday, TVPC stock fell 5.83% to $0.1265 with 436K shares, compared to its average volume of 166k shares. The stock moved within a range of $0.1210 – 0.1499 after opening trade at $0.1325.
Major News
Over the course of the past month, the stock has been in the middle of a remarkable rally and has managed to clock gains of as much as 40%. The stock had soared on Monday in reaction to the announcement from the company with regards to its financial results for the quarter that had ended on June 30, 2022.
Twin Vee Powercats managed to deliver revenues to the tune of as much as $8,520,000 for the quarter and that reflected a year-on-year rise of as much as 158%. On top of that, the company also reported a net income of as much as $607,000. In this regard, it is perhaps also necessary to point out that at the end of the period it had marketable securities and cash totaling as much as $9,860,000.
The company’s management also noted that it believed that income was going to improve as the year went along. Hence, it may be a good move to add the stock to your watch lists.
Technical Data
TVPC stock is trading above the 20-Day and 50-Day Moving averages of $0.1257 and $0.1080 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.1100. The company has a total market capitalization of $1.22 million.
