started last Tuesday and despite the efforts to move up, HLCS stock kept going down. At the end of the week, it lost 43.02% of its market price, while its traded volume totaled over 2 million shares.Apparently, investors are already discouraged by the stock and they sell off their shares.
One of the reasons for the low trade turns out to be the recent delisting of Helicos from NASDAQ, and the second one must be the latest discussions on investorshub.com message board. The messages show that traders are afraid for the future of HLCS and its new pink sheets status that has to be reconsidered by end-December.[BANNER]
Apart from this, the financial report of the company looks quite contradictory. Liabilities of Helicos are a bit higher than its total assets and the stockholders’ equity has got lower. Over the last quarter of this year, the company’s revenue has increased, though its expenses and operating loss have also got higher.
The company is in the development stage and since inception it has had limited operations. By now, Helicos has incurred large losses without generating any positive cash flows. Judging by these results and by the fact that the losses are expected to continue, Helicos will definitely need additional financial support to continue operations.
In the meantime, the company’s stock is trading at its new 52-week low and its share price has fallen by over 47% over the past three months.
