Leading research firm Taglich Brothers has initiated coverage on ALR Technologies, Inc. (OTCBB: ALRT) with a 12-month price target set at 50 cents. Shares are trading today at 8 cents. ALR maintains a relatively low profile in the investment community, but Taglich apparently sees some substantial upside based on their extensive analyst report.
The chart has been holding a baseline for years at this price point, which we will update in a video stock chart this week. Those closely following ALRT have viewed their investor presentation which showcases the corporate strategies and provides examples of potential market penetration, which could approach $1.4 billion annually. The presentation from a recent investor conference call can be viewed in video format at http://www.otcshowcase.com/alr-technologies-investor-call-video/.
There could be numerous catalysts to drive the company quickly back to the 25 cent price point from November 2011 when ALR announced receiving FDA 510(k) clearance for its Health-e-Connect (HeC) system as a technology for remote diabetes management. The big news that has investors’ eyes open and ears to the ground is for CMS (Centers for Medicare and Medicare Services) to issue a statement regarding mandating electronic strip count. While there are many other drivers that can generate substantial revenue after the upcoming commercial launch of HeC this year, that is clearly the “big daddy” as CMS provides coverage for more than 10 million persons with diabetes each year. ALR’s technology outstrips its limited number of competitors that have FDA clearance in either price or function, leaving it in a very enviable spot should the federal agency take regulatory actions in an attempt to curtail waste associated with diabetes care.
The PDF of the Taglich Report as well as much more pertinent investor information is available on the ALRT website.
The Taglich Brothers’ report on ALR Technologies, Inc. in PowerPoint format:
ALR Technologies (ALRT) Stock Quote and News:
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