Are These Stocks Primed To Climb? DNA Brands, Inc.(OTCMKTS:DNAX) and Baxano Surgical Inc(NASDAQ:BAXS)
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DNA Brands, Inc.(OTCMKTS:DNAX) saw its value increase by 23.53% during yesterday’s trading as the stock gained $0.0004 to finish the day at a closing price of $0.0021. Like most penny stocks, the company remains both heavily traded, with a daily volume of 150,599,416, and substantially below its 52 week high of seven cents. The Florida-based carbonated energy and coffee drinks producer, which employs just seven individuals on a full-time basis, currently has a market capitalization of $503,717.
DNA Brands, which once traded for as much as $0.47 on Mar. 2nd, 2012, should be announcing its second quarter financial results by the midway point of the month of August. Nevertheless, the stock, whose three month average volume indicates that 18.8% of its total shares are traded on a daily basis, has remained below the one cent mark since spiking to $0.015 on Jun. 9Th, 2014.
Baxano Surgical Inc(NASDAQ:BAXS) suffered a 6.09% decrease in value during yesterday’s trading as the stock lost $0.025 to close at $0.390. The stock notably traded for as little as $0.38 during the day, which represents a new 52 week low for the company that once traded for as much as $2.05. The North Carolina-based medical device company was also heavily traded: the stock had a trading volume of 530,442, a figure which is 213,655 above its three month average of 316,777.
On Aug. 5th, Baxano reported its second quarter financial results, which included a net loss per share of $0.12 and 20.1% increase in revenue. In response to its recent financial results, the company issued a third quarter total revenue guidance of $4.5 to $5 million. Baxano currently has a market capitalization of $18.95 million.
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