News / Business
nCoat is Poised to Back Speculative Buy Rating
October 4, 2007 - Analysts have a responsibility to provide the truth behind their findings even if it means that a company could be downgraded to a sell position. Every once in a while though, analysts are able to find a diamond in the rough that has potential to provide investors with amazing returns. The chance to invest in a stock at an early stage in order to see returns that would almost triple your money is rare opportunity, and nCoat Inc. (OTCBB: NCOA.OB) has the ability to make this dream come true.
Investors who are constantly on the look out for a company that is emerging through the crowd to give itself a name should look close at nCoat. The company is not only on the rise, but is competing in one of the most exciting industries of the day. Nanotechnology is currently sweeping the technology industry by helping not only the medical profession, but engineers and coating manufacturers developing stronger materials.
By entering this emerging and rapidly growing market, nCoat is poised to watch its stock price take off while helping investors increase the value of their portfolios. A recent analyst report showed that nCoat was deserving of a speculative buy rating. This rating signifies that in the near future could bring tremendous profits to all investors who do the due diligence required to confirm the company's growth potential.
The analysts' coverage reported, “Including the acquisition of MCCI in June 2007, projections for revenues in 2008 are for annual revenues to rise more than fourfold from $5.5 million in 2006 to $28 million by 2008 and positive EBITDA is expected for 2007.”
Not only does the analyst report see revenue growth by the end of next year, but it believes that the company could increase its stock price dramatically. The 90-day forecast predicts that stock price is going to reach $1.22, which is a 238 percent increase from the recent price of 35 cents. The price range indicates that the stock should fall between $0.75 and $1.69 based on the growth potential and industry averages covered in the report.
nCoat is in perfect position to take a leadership position in the coatings marketplace, and is poised to live up to the analyst projections. The industry is on the rise and only going to grow in the next few years, but with nCoat having 5 patents, and 6 pending, they will be able to formulate stronger products than their competitors in the next few years, reinforcing the buy rating even further.
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