This morning, Charlie’s Holdings, Inc. (OTCMKTS:CHUC) shares have been moving on big volume. Shares are up 32.93% to trade at $0.0055 after touching a high of $.0081. Is a bounce in store? Tuesday’s action will put CHUC on the radar of many investors for sure. A longer-term rally could be ahead.
Market Action
Volume is 46.77 million shares almost three times its 30 day average trading volume of 15.34 million shares a day. Trading opened at $0.0044 and has ranged between$0.0041 and$0.0089.
Charlie’s Holdings Releases 1Q Financials
- It reported 1% year-over-year decrease to $4.61 million in revenue.
- Gross profit decreased 1% to $2.418 million compared to year-ago; Gross margin remained flat at 55%.
- Operating loss decreased 95% year-over-year, to $0.229 million.
- Cash balance of $3.5 million; Total assets of $8.1 million.
- During the quarter, introduced Pachamama Disposables™, Charlie’s first-ever entrant into the rapidly expanding U.S. disposable e-cigarette market.
- Closed a $3 million capital raise in common stock (priced at $0.0085) with Company founders.
Brandon Stump, Charlie’s Holdings, Inc. CEO stated “We are steadfast in our commitment to providing adult smokers with high quality, regulatory-compliant alternatives to highly addictive combustible cigarettes… and we remain highly confident about our PMTA submission and review”.
Trader Notes
Share Information
| SHARES OUTSTANDING | 19,638.5 M |
| SHARE FLOAT (%) | 9,184.34 M (46.77%) |
| % HELD BY INSTITUTIONS | 0.03 |
Recent Stock Performance
| 5-DAY PERF. | +30.77% |
| 1-MONTH PERF. | -20.31% |
| 3-MONTH PERF. | -50.00% |
| 6-MONTH PERF. | +82.14% |
| YTD PERF. | +82.14% |
| 1-YEAR PERF. | +168.42% |
Moving Averages
| +/- EMA(20) | 0.0054 (-5.56%) |
| +/- SMA(50) | 0.0071 (-28.17%) |
| +/- SMA(200) | 0.0055 (-7.27%) |
Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | 0.0027 | 0.0034 | 0.0037 | 0.0044 | 0.0047 | 0.0054 | 0.0057 |
| Fibonacci | 0.0034 | 0.0037 | 0.0040 | 0.0044 | 0.0047 | 0.0050 | 0.0054 |
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 22.1867 | Neutral | ATR14 | 0.0012 | |
| CCI20 | -124.3243 | Sell | Chaikin Money Flow | -0.2740 | Sell |
| MACD | -0.0009 | Sell | Money Flow Index | 20.5629 | Buy |
| ROC | -31.6667 | Sell | RSI | 35.7378 | Sell |
| STOCH (14,3) | 17.2414 | OverSold | STOCH RSI | 0.5523 | Buy |
| UO | 32.8996 | Sell | Williams %R | -82.7586 | OverSold |
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