, The Green Pennies Stock Report: ALR Technologies, Inc. Forward-Looking Analysis

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Tuesday, October 17, 2017

ALR Technologies, Inc. Forward-Looking Analysis

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Business Information:

ALR Technologies, Inc.
Ticker: ALRT
0.0549  a/o  October 16, 2017
UP 0.0279 points or 103.33%

Source: Yahoo Finance
https://finance.yahoo.com/quote/ALRT/

Market Value: $13328507 a/o October 16, 2017
Authorized Shares: 500000000 a/o February 10, 2015
Outstanding Shares: 242777909 a/o February 10, 2015

Source: OTCMarkets
http://www.otcmarkets.com/stock/ALRT/profile

7400 Beaufont Springs Drive
Richmond, VA 23225
Phone Number: 1(804)554-3500
Website: http://www.alrt.com

Fundamental Analysis:

ALR Technologies is a medical device company providing remote monitoring and care facilitation for patients with diabetes. ALRT has developed the FDA-cleared Health-e-Connect System which uploads the data from blood glucose meters onto a secure website where clinicians and Diabetes Care Facilitators can better monitor and coordinate the care of diabetes patients. ALRT's system goal is to assist patients to adhere to their care plan, improving the quality of diabetes care and making such care more cost effective to providers.

The companys product includes Health-e-Connect System, which consists of a communications software platform that enables health professionals to monitor the health progress relating to patients with diabetes. It focuses on marketing its products primarily to the providers of health insurance; and the providers of disease and case management services, including the home care industry.

Source: Yahoo Finance - Profile   and   OTCMarkets
https://finance.yahoo.com/quote/ALRT/profile?p=ALRT     and     http://www.otcmarkets.com/stock/ALRT/profile

Businesses Management:

Mr. Sidney S. Chan, Chairman, Chief Executive Officer (CEO), Chief Financial Officer, Treasurer, and Sec.
Dr. Kent Stoneking Pharm. D., CDE, Director of Diabetes Care Facilitation
Mr. Andrew Klips, Exec.
Mr. Glen Reyes, Exec.
Ms. Barbara Dubiel, Consultant

Statistics:

Market Cap (Intraday):13.33M
Trailing P/E: -2.11
Price/Sales: 0
52-Week Change: 2150
52-Week High: 0.1479
52-Week Low: 0
50-Day Moving Average: 0.0312
200-Day Moving Average: 0.009
Average Volume (3 Month): 1.92M
Average Volume (10 Day): 1.77M

Source: Yahoo Finance - Statistics
https://finance.yahoo.com/quote/ALRT/key-statistics?p=ALRT

Quarterly Report Not Available

Market Analysis:

A new report by Visiongain predicts the world market for diabetes medications will reach $55.3bn in 2017. The antidiabetic medicines industry generated $35.6bn in 2012, and its revenues will show strong growth to 2023.

Source: VisionGain
https://www.visiongain.com/Press_Release/405/Diabetes-drugs-market-will-reach-55-3bn-in-2017-with-further-growth-to-2023-predicts-Visiongain-in-new-report

News:

Following the recent FDA clearance of the Company's Insulin Dose Adjustment feature, ALR Technologies Inc. is releasing details of its patent pending Predictive A1C innovation added to the ALRT Diabetes Management System.

On September 18, 2017, the United States Food and Drug Administration (FDA) granted clearance to ALR Technologies Inc. for an innovative insulin dose adjustment feature of the ALRT diabetes management system.

The United States Food and Drug Administration (FDA) has granted clearance to ALR Technologies Inc. for an innovative insulin does adjustment feature of the ALRT diabetes management system.

Source: Marketwired
https://finance.yahoo.com/quote/ALRT?p=ALRT

Technical Analysis:

In a timescale of 3 years, ALRT has spent most of its time between the 0.0721 and 0.0276 region with some significant spikes along the way. The stock increased on 9/12/2017 from a pps (price per share) of ~0.0021 to ~0.141 on 9/19/17. The stock stayed around this level until it decreased from 0.141 on 9/19/17, to 0.0476 on 9/22/2017. After this change, the stock had a relative high of 0.141 on 9/19/2017. Currently, the stock price is climbing1 to a price of 0.0549 on 10/16/2017.

Looking at resistance lines (a price where the stock has trouble pushing above/below), we see 0.0619 being the next point of resistance. From here, 0.0785 will likely be the next point of resistance. On the downside, the lower resistance line is at 0.0482. The current Bollinger Bands show a range between 0.0254 and 0.0549. Current RSI (or Relative Strength Index) is at 70.05 or overbought. Also, I see that buying volume is currently overtaking selling volume.

Source: TDAmeritrades ThinkorSwim Platform
tdameritrade.com

Social Analysis:

For social analysis, we look at what investors are posting about the stock on sites like IHUB and Yahoo Money. Many different people are discussing the stock on this board currently. The message board seems active in that multiple people are posting frequently in the forums section. 46 people currently have ALRT added to their My Stocks tab. Currently, the community sentiment is bullish. We would rate this as a plus for the stock!

Source: InvestorHub
https://investorshub.advfn.com/ALR-Technologies-ALRT-16188/?NextStart=6142

Stock Ranking (BETA):

Positives

3 Year Stock Direction is Positive
1 Year Stock Direction is Positive
3 Month Stock Direction is Positive
1 Week Stock Direction is Positive
Actively Being Traded
Currently Trading on the OTCPink Sheets
Has a Reasonable Number of Outstanding Shares
Actively Giving Press Releases To Its Investors
The Companies Forum Is Active
Many Investors Are Posting About The Stock Daily
46 People Have This Stock Added To Their My Stocks Tab On IHUB
Current Community Sentiment Towards The Stock is Positive


Negatives

1 Week Stock Direction is Negative
No Information Available About The Stock
Not Operating Profitable
No Growth Over The Last 3 Months
No Growth Over The Last 12 Months
The Quarterly Report For Last Quarter Is Currently Unavailable
The Last 4 Quarterly Reports Are Currently Unavailable
The Annual Quarterly Report Is Currently Unavailable


Other

1 Month Stock Direction is Constant
The Company Is Neither Buying Up Nor Diluting Their Shares
The Company Is Not Currently In The Process Of Any Form Of Merger That We Know Of
The Company is Not Currently Giving Out Dividends

Stock Ranking: D Rank



Forward-Looking Analysis:

ALR Technologies, Inc. currently doesn't have any recent quarterly reports available for investors. On the other hand, the company is new releasing new press releases for investors talking about new products that have been cleared by the FDA. This is definitely a positive for the company, though the fact that the company doesn't have any financial information available should be seen as a reason for concern. Of course, this is an appropriate risk considering this is pennyland. Looking at the technical for the company, the stock seems to be consolidating at its new range between 0.0625 and 0.0262. In time, I expect this to tighten more until more news is released, with which might prop the stock up higher. Considering the constant movements between the high and the low, it is possible to flip the stock to make a nice profit. You could also long this stock, though it would be a safer investment post financial information being released. This is definitely a stock to watch for future growth!

What do you think? We would love to hear your opinions in the comments below!

Disclosure:

I wrote this article myself, and it expresses my own opinion. I have no business relationship with any company whose stock is mentioned in this article. I also will not be holding shares in the company in the next two weeks of this articles posting.

I have no positions in any stocks mentioned and have no plans to initiate any positions within the next 72 hours.

If you wish to copy this article, you're allowed to do so only when you link back to my article.

Lastly, if you have anything that you would like to add to this article, please write in the comments section below. Be sure to give me a like and subscribe if you like the article! Thanks For Reading!


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