They are involved in semi-conductors. The recent breakout blasted it out of its consolidation range. Recent analyst comments have been very positive. It is not going to be a typical holding, but he likes it for the upside potential. Yield 0%. (Analysts’ price target is $38.00)
Nanometrics is a OTC stock, trading under the symbol NANO-U on the (). It is usually referred to as or NANO-U
In the last year, there was no coverage of Nanometrics published on Stockchase.
Nanometrics was recommended as a Top Pick by on . Read the latest stock experts ratings for Nanometrics.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Nanometrics published on Stockchase.
On , Nanometrics (NANO-U) stock closed at a price of $.
NANO has $33M net cash, but is still struggling to get to any meaningful revenue. Cash burn was $12M in the last 12 months. It had a corporate update in August, outlining its progress with CBMM, commercializing of its One-Pot technology, six new patents and new potential partners. But there was not a lot of 'meat' in the release. The stock is up 15%, and market cap is now $300M, so expectations remain very high for a company expected to have less than $5M in sales next year. Losses are expected to continue for some time. The technology is interesting, no doubt. But it is hard to just 'assume' everything is going to work as planned, in scale, and profitably. Thus, we have to stay on the cautionary side here.
Unlock Premium - Try 5i Free