Wednesday, June 29, 2022

A Bull Thesis For Liquidmetal Technologies Inc (OTCMKTS:LQMT)

Liquidmetal Technologies Inc (OTCMKTS:LQMT) sagged to close the day yesterday but has rebounded today with a bump upward. Liquidmetal Technologies is linked to tech giant Apple so does have some exposure risks here but the company has seriously strong tech making a bull thesis pretty easy here.
LQMT made new highs last month and there is every chance that we might see a near term correction from these highs as the shorter-term operators pull profits off the table and close out their long positions. The correction shouldn’t get down to the $0.32 a share mark. Furthermore, a tour is scheduled for LQMT’s facility this month and that will most likely boost the price back above $0.40 with the excitement that will follow the event.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) casts 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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Rumors were that Apple might be using it for an enhanced power button. However, Liquidmetal is about far more than being an Apple supplier right now. The company took a $60 million investment last year from a Chinese billionaire, Tony Chung, who recently has moved to the board after steering the company in the right direction.
“Now that the Company has a secure financial foundation, the time is right for me to transition to our Board of Directors, allowing me to spend more time with my family and on other meaningful ventures. But I remain fully committed to realizing the uncommon potential of LQMT. I look forward to greeting our customers and investors at our upcoming Open House on October 17 as a member of our Board of Directors,” said Mr. Chung.
LQMT shares have been locked in a steady bullish trend since its late 2015 lows in the $0.06/share area. One of the keys to the market’s renewed confidence in the stock has been its commitment to bolstering management and board talent.
Earning a current market cap value of $345.84M, LQMT has strong cash in hand ($45.4M) of cash and no nagging liabilities. LQMT is pulling in trailing 12-month revenues of $384K. In addition, the company is seeing major top line growth, with y/y quarterly revenues growing at 70.6%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $LQMT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $LQMT, either long or short, and we have not been compensated for this article.

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