Their company focuses on a multitude of revenue streams for dehydration techniques (patented) and has several revenue streams including royalty bearing and selling their equipment to other companies.
This is one of the most stable dollar stocks on the market right now as a result of their market cap to stock value ratio, as well as, given their stock price, they are actually on the verge of profitability before 2020.
As time progresses they continue to sign deals with international companies around the world and the stock value will only continue to grow.
They focus strongly in (but not exclusively with) the cannabis dehydration market; while cannabis has been hit brutally hard from CannTrust's scandal recently, I am eyeing a rebound beginning September for the cannabis industry, and even though EnWave continued to increase during the downturn, I am looking at a breakout in Q4 2019 to 3.50-4.00.
Just like the semis got demolished and made a roaring rebound, I expect the same in Q4 of 2019 of cannabis and will likely be a leading sector, although most stocks likely won't make any new highs.
Remember: Dollar stocks never move linearly and always have several retracements. Never buy dollar stocks all at once - never sell them all at once, even when breakouts occur. However, go long in EnWave!
I expect ENW to surpass its record high of 2.66 before early September. Look for any entry at or below 2.30 and go long.
By then I am expecting EnWave could pump to 3.00+.
It has also been relatively steady near 2.50 lately.
This may lead to upcoming big news in the company, or sales of some sort in the next month.
Watch for a potential break-out sometime this month to over 3.00.
Trade cancelled but holding 2% portfolio position.