Altair Nanotechnologies reverse split

Altair Nanotechnologies: Be Careful Of This Stock

Altair Nanotechnologies, Inc. (ALTI) has seen its shares soar over 200% during the last two weeks on heavy volume. However, the lack of news from the company combined with poor fundamentals leads me to believe that this is a temporary pump of the stock and the stock will soon retreat from $8 back to the mid $2 range. I think this company is a compelling short, especially at current levels, however, when a company is pumped up to such extreme levels, it can take some time before the pullback occurs.


The stock had been trading in the $2 range for about six months, when without any warning, it exploded 200% on heavy volume. When moves like these occur without any news it is usually an indicator of a stock being temporarily pumped [see figure 1 taken from TD Ameritrade's news platform]. Additionally, only 110, 000 shares are short which is less than 3% of the float, which tells us this was not a short squeeze either (the last "Days To Cover" number is also meaningless since volume has reached over 1 million shares a day) [figure 2]. Something to note: from the company's latest 10Q we can see the company has more than 400, 000 outstanding warrants with an average strike price of almost $15 [figure 3]. So if you're asking yourself who might want to pump the stock to astronomical levels, perhaps it is someone wanting to exercise the warrants.

Figure 1

(Click to enlarge)

Figure 3


In figure 4, which was captured when ALTI had a million market cap and was trading at roughly $5 a share, we can see how ALTI compares with its competitors. And, due to the run up to $8, the current market cap is $92.6 million, which is higher than ALL of its peers by a significant margin. Meanwhile, the company has produced a loss greater than all of its competitors except two. The company also has the second lowest amount of net sales. According to a recent "TheStreet" report from October 10th 2013 [need TD Ameritrade platform to access), "stockholders' equity ("net worth") has significantly decreased by 29.24% from the same quarter last year." Also, despite increasing revenue Q/Q the company's return on equity has remained constant at -47.5% while the industry average is 15.4%, according to the report. Additionally, cash dropped from $35 million in Q2 2012 to just $14 million in Q3 2013. The company has a price to sales ratio of 13.19 while the industry average is 2.22, and we can't measure the price to earnings ratio because the company has no earnings! These numbers suggest a struggling company, a company that is most definitely not worthy of a 200% price increase.

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Language clarification (to me) request

by gerundergrund

i'll give you +1 for sort of funny < - > 06/26 22:46:47
invisibility cloak via metamaterials, negative index materials, and plasmonic nanostructures...ok then
spare me the details
def regurgs please? :
"invisibility via metamaterials" >>>cheeky designatory reference terminology selection, because what's interdicted is in classified genre- wise as "metamaterial"--the light photons--non material so meta material. Like saying "I'm shooting bullets at him" and not "I'm shooting my gun at him". That's my understanding

Nanotubes Increase Solar PV Conductivity 100 Million-Fold  — Sourceable
Carbon-based nanostructures are already being used as materials in solar cells with increasing frequency, yet their ability to enhance electrical performance has thus far been hampered by limited ability to assemble orderly networks using the materials.

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