Thursday, November 7, 2024

4 Potential Breakout Catalysts: Low Float (ISPC) Is A Nasdaq Past Champ And #1 On My Watch-list

My November kick-off profile caught the breakout bug as it ran from a previous night's after hours close of $.435 all the way to a high of

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4 Potential Breakout Catalysts: Low Float (ISPC) Is A Nasdaq Past Champ And #1 On My Watch-list

Yahoo Finance Reports Incredibly Low Float Of 543.21k Shares!

November 7th

Greetings Readers,

My November kick-off profile caught the breakout bug as it ran from a previous night's after hours close of $.435 all the way to a high of $.6702 one day later.

The resulting explosion of approximately 54% put that NYSE American profile in the recent champ category and had use focusing on a new breakout idea.

Popping-off with a move of approximately 66% intraday when I previously suggested it as a radar watch, this past champ displayed explosive potential.

And when you see this profile's float (under 1Mn shares), you'll understand why it again has top place on our watch-list going into Thursday's opening bell.

Drop what you're doing and consider putting this Nasdaq profile on your radar:

*iSpecimen Inc. (Nasdaq: ISPC)*

iSpecimen offers an online marketplace for human biospecimens, connecting scientists in commercial and non-pro-fit organizations with healthcare providers that have access to patients and specimens needed for medical discovery.

And several potential catalysts could create breakout buzz for ISPC. Check them out:

#1. - A Very Low Float Could Create A Volatile Scenario In Moments.

#2. - An Explosive Chart History Since Mid-September Needs To Be Taken Seriously.

#3. - Major Revenue Growth Announced For Q2 2024 (Increase of 76% YOY).

#4. - This Company Displays A Long Growth History That's Been Picking Up The Pace In Recent Years...

But more on those in a second...

Company Breakdown: iSpecimen Inc. (Nasdaq: ISPC)

iSpecimen was founded to address a critical challenge: how to efficiently connect life science researchers who need human biospecimens with the billions of specimens available in healthcare organizations worldwide.

Their ground-breaking iSpecimen Marketplace® aids in solving this problem, reinventing the biospecimen procurement process to help accelerate medical discovery.

image

Biospecimens are Essential for Life Science R&D

image

Biospecimen Supply Chain Challenges

Providers miss revenue and research opp's

> 1 Billion Patient - encounters yearly in the U.S. where a specimen could be provided for research

> 3 Billion - clinical specimens are discarded annually worldwide

> 800 Million - banked specimens are in biorepository inventories worldwide

Researchers limit their work

10 years ago, 81% - of researchers said they limit the scope of their work due to difficulties obtaining biospecimens

… in 2022, 78% - of researchers said they find it difficult-to-extremely difficult to find the type and quantity of specimens they need

"Challenging" and "Inefficient" - most common words used to describe biospecimen procurement process by researchers

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iSpecimen Marketplace | Approach

image

Key iSpecimen Inc. (Nasdaq: ISPC) Highlights

  • Similar to Amazon, iSpecimen has developed an online marketplace to seamlessly connect researchers with healthcare providers and supplier organizations.
  • First mover advantage that addresses an inefficient and fragmented global biospecimen supply chain that is poised to be disrupted by an online solution.
  • $3Bn-$4Bn global biospecimen market growing at 10-15% per year.
  • Strong revenue growth with an 8-year CAGR of 39% fueled by precision and regenerative medicine research.
  • Plans to enhance existing platform and develop new service offering to increase revenue opp's.

Grab Key Sources Here: ISPC Presentation. ISPC Website.

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As mentioned above, (Nasdaq: ISPC) has several potential catalysts going for it right now. Take a look:

#1. ISPC Potential Catalyst - A Very Low Float Could Create A Volatile Scenario In Moments.

According to info from the Yahoo Finance website, ISPC has an extremely low float.

In fact, the website reports this profile to have approximately 543.21k shares in its float.

Why is that important? It's important on one crucial level. Volatility.

Could more positive company news towards the end of 2024 provide a near term spark?

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#2. ISPC Potential Catalyst - An Explosive Chart History Since Mid-September Needs To Be Taken Seriously.

In the last two months, ISPC has been a spiker. Check this out:

image

Here's a quick list of explosive moves:

1. 9/16/24 - From a low of $3.41, ISPC climbed to a high of $6.60 two days later for a run of 93%.

2. 9/20/24 - Bottoming at a low of $4.13, ISPC leaped to a high of $6.25 one session later for a surge of 51%.

3. 10/18/24 - Erupting from an open of $4.11, ISPC exploded to a high of $8.30 the following session for a mind-blowing 101% move.

4. 10/30/24 - Bouncing from a low of $3.41, ISPC popped to a high of $5.48 within a week for a run of 60%.

Knowing (Nasdaq: ISPC) has a very low float, could another major move be in the cards ahead of 2025?

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#3. ISPC Potential Catalyst - Major Revenue Growth Announced For Q2 2024 (Increase of 76% YOY).

iSpecimen Reports Second Quarter 2024 Results

Revenue increased 76% year-over-year to approximately $2.86Mn

Brielan Smiechowski Named SVP of Sales and Business Development

LEXINGTON, Mass., Aug. 06, 2024 (GLOBE NEWSWIRE) -- iSpecimen Inc. (Nasdaq: ISPC) ("iSpecimen" or the "Company"), an online global marketplace that connects scientists requiring biospecimens for medical research with a network of healthcare specimen providers, today reported its financial and operating results for the three and six month periods ended June 30, 2024.

"iSpecimen's strong results reflect the progress we have made towards operational improvements throughout the Company this year, resulting in a 76% increase in revenue to $2.86Mn for the second quarter of 2024," stated Tracy Curley, CEO of iSpecimen. ...

...

Read the full article here.

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#4. ISPC Potential Catalyst - This Company Displays A Long Growth History That's Been Picking Up The Pace In Recent Years...

iSpecimen Inc. has been growing with leaps and bounds. Take a look at the company's evolution:

image

What could the next decade hold for (Nasdaq: ISPC)?

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RECAP: 4 Key Potential Catalysts Backing (Nasdaq: ISPC)

#1. - A Very Low Float Could Create A Volatile Scenario In Moments.

#2. - An Explosive Chart History Since Mid-September Needs To Be Taken Seriously.

#3. - Major Revenue Growth Announced For Q2 2024 (Increase of 76% YOY).

#4. - This Company Displays A Long Growth History That's Been Picking Up The Pace In Recent Years...

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Coverage is officially initiated on iSpecimen Inc. (Nasdaq: ISPC). I'll be in touch with updates moving forward. Talk soon.

Sincerely,

Kai Parker

StockWireNews


(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)

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