There was a time when everyone wanted a piece of the technology industry. Fortunes were made and lost in a short-span of time and even the savvy investor was not sure how to handle the once popular tech-craze. While companies in the technology industry have come and gone, one company has made a mark and may become a power player in the near future. That company is Hybrid Technologies.
In the last year, Hybrid has had its ups and downs with the stock ranging from $0.47 to $6.45. With that being said, the Las Vegas Company has only 15.65 shares outstanding and market capitalization of $41.5 million. Both of these factors could be beneficial to the company.
While the low number of shares does have some investors guessing, the veteran investor is well aware that a low number of shares outstanding mean a tighter float and a smaller marketplace for the stock. Since share prices are determined by supply and demand, a sudden increase in buying has the potential to overwhelm the number of shares and force an upward surge in the price of the stock.
When analyzing Hybrid’s market capitalization, the $41.5 Million figure makes it a microcap stock. While microcap stocks can be volatile, Hybrid has far greater upside than a larger company and microcap stocks have been known to double or even triple in size while they are still under the radar.
While some investors know of Hybrid Technologies, this stock is currently under the radar of Wall Street. Because Hybrid Technologies trades on the OTCBB, the stock is not yet known to the vast majority of Wall Street’s big money players. As Hybrid Technologies develops its business and increases marketing efforts, it could attract a larger following from Wall Street, and that could send the share price soaring to new highs.
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