Ekso Bionics Holdings Inc. stock trades under the ticker EKSO & developes exoskeleton technologies.
EKSO stock closed at $4.94/share on 9/21/2021, after displaying signs of bullishness.
Ekso Bionics Holdings Inc. EKSO Stock Technical Performance
EKSO Stock Price:$4.94
10 Day Moving-Average: $4.45
50 Day Moving-Average: $4.67
200 Day Moving-Average: $6.12
EKSO stock has been rallying after a decline in early September, completing a bullish MACD crossover yesterday.
EKSO also bullishly crossed its 10 & 50 Day Moving-Averages yesterday.
Despite still being far below their 200 Day MA, EKSO still looks poised to continue climbing with their current momentum.
With an RSI at 59.2, there may be some temporary dips during the climb that traders can buy in at a better price on.
Ekso Bionics Holdings Inc EKSO Stock As A Long-Term Investment
EKSO stock may be appealing to investors who are looking for exposure to the medical equipment industry.
While they do not have a P/E (ttm), their P/B of 1.44 is modest.
There is no dividend yield paid to holders of the stock, which between that & their micro-cap status attributes to their low ~17% Institutional Owners.
One area of particular appeal is EKSO’s Total Cash (mrq) at $45.94M, while only have a Total Debt (mrq) of $2.5M.
Ekso Bionics Holdings Inc. EKSO Stock As A Short-Term Trade Using Options
Options traders can capitalize on EKSO’s momentum while also mitigating their risks in this volatile market environment.
I am looking at the $2.50 & $5 strike price calls, with the 10/15 expiration.
The Delta on the $2.50’s is 0.98, making them particularly appealing.
From the puts perspective, the $7.50 & $5 puts look the best to use as a hedge, with the $7.50’s having a delta of -0.77
Tying It All Together
Ekso Bionics Holdings Inc. stock has many attributes that long & short-term traders are sure to like.
Their current momentum looks set to carry them higher, with $5.50 being the next major test.
Investors may like their debt & cash levels, as well as their healthcare equipment industry exposure.
Short-term traders will like their momentum, especially in a market that is as volatile as the last few days have been.
Overall, EKSO is worth taking a closer look at, no matter your trading style or timeframe.
*** I DO NOT OWN SHARES OF EKSO STOCK ***