Are These Stocks Actually Worth Their Current Values? Apptigo International Inc(OTCBB:APPG) and LabStyle Innovations Corp(OTCMKTS:DRIO)
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Apptigo International Inc(OTCBB:APPG) continues to see its value decline as the stock has fallen an additional $0.074 to move to a new closing price of $0.62. The stock notably traded for as little as $0.54, a new 52 week low for the mobile app developer.
Apptigo International’s value climbed to rather impressive heights earlier this month, reaching a closing price as high as $1.87 on Aug. 11th, 2014. This substantial increase was fueled by an aggressive public relations campaign that highlighted “The Apptigo Thought Series”, the company’s acquisition of four 6K Games patents, and the expansion of the Apptigo’s “Creative Dream Team.”
However, it appears that the markets are now wise to Apptigo’s act. The stock’s current closing price is 33% of its Aug. 11th mark.
LabStyle Innovations Corp(OTCMKTS:DRIO) suffered an 18% loss in value during yesterday’s trading as the stock fell $0.025 to finish the day at a closing price of $0.115. The stock also reached a new 52 week low of $0.10 during the day.
The Israel-based mobile health company reported its second quarter financial results on Aug. 15th, 2014. The report’s figures included a net loss of $0.14 per share. While the loss may be disappointing, the figure is fifteen cents less than its previous net loss of $0.29 per share.
Since the announcement, LabStyle Innovations Corp(OTCMKTS:DRIO) has seen its value decline $0.5152 from its closing price of $0.63 on Aug. 14th. That being said, LabStyle Innovations had been on the decline before its recent losses. Unlike many Israeli stocks, LabStyle Innovations even saw its value fall during the recent conflict in Gaza.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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