$UCLE US Nuclear Corp (OTCMKTS: UCLE) Surging On $
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Shares of US Nuclear Corp (OTCMKTS: UCLE) have taken off in what could turn out to be a break out year after imploding in 2018. The stock has started recouping losses accrued last year after shedding more than 80% in market value.
UCLE SHARE PRICE ANALYSIS
A spike in share price and market activity comes on investors reacting to improved business activity that has set the company on course for robust revenue growth. The Company is fresh from selling a fleet of DroneRAD systems to Saudi Arabia, a development that continues to strengthen investor confidence.
The company’s order backlog currently stands at more than $2 million as the company continues to eye new revenue streams. A series of upgrades has made DroneRAD systems highly competitive and useful for a wide array of functions thus the strong demand they continue to elicit.
With the stock trading in a steep uptrend, it could be a matter of time before it makes a run for the 52-week highs given tens strength of the upward momentum. A rally followed by a close above the $2 a share mark is what is needed to affirm the emerging uptrend and set the stone rolling.
UCLE Daily Chart
The stock finding support above the $2 a share mark should give bulls every reason to continue pushing the stock higher, on regaining control from bears. Conversely, below the $2 a share mark, U.S Nuclear Corp remains bearish and vulnerable to further drops.
ABOUT U.S NUCLEAR CORP
U.S Nuclear Corp is engaged in the development of and sale of radiation detection and measuring equipment. Some of the company’s solutions are used in the detection of radioactive materials in water. The company also offers software solutions used in the detection of gamma and neutron radiation levels.
$2 MILLION BACKLOG
Shares of U.S Nuclear Corp are flying high in response to a multi-million deal that the company has signed to supply its DroneRAD systems to the Saudi Arabia Civil Defense. The order has bolstered the company’s backlog to highs of $2 million affirming the growing credibility of the radioactive detection system.
DroneRAD is the company’s flagship aerial radiation and chemical detection system. The system utilizes NEO and Zoe drones designed for radiation and chemical detection. Saud Arabia is slowly becoming U.S Nuclear Corp biggest customer having ordered the system for use for national security purposes.
“US Nuclear is happy to announce these unique DroneRAD systems can also be outfitted with chemical detectors and bacterial/viral collection filters. A proprietary quick-release gimbal connector on the DroneRAD allows the operator to quickly change between sensor packages in emergency scenarios, and a special air sampling system,” U.S Nuclear Corp in a statement.
RADON GAS OPPORTUNITY
In addition to DroneRAD system, U.S Nuclear Corp has also made a name for itself in solving a long-running problem involving Radon, a hazardous natural occurring radioactive gas. The fact that the gas cannot be smelled, tasted or seen has made it impossible for people to combat it even though it is a leading cause of lung cancer.
U.S Nuclear Corp has moved to solve the radon problem with the unveiling of RandFan a radon detection and mitigation system. The system can detect the radioactive gas below the EPA’s action levels in minutes.
The fact that RandFan is compatible with all HVAC systems and can be wall mounted makes it ideal for use in office servings as well as apartments hotels and schools. The new system expands the company into a market worth $16 billion.
The company is currently eyeing deals with big multinationals such as Johnson controls, Carrier or Trane as it seeks to generate significant value from its latest innovation. The company remains optimistic about generating substantial revenues and value from the system going forward.
“Our initial focus is on large buildings with large HVAC systems where our detector and command module can easily be put into service to fix the problem immediately and cost-effectively. We are in early discussions with Johnson Controls and other HVAC industry leaders,” said CEO, Bob Goldstein.
WHAT NEXT FOR U.S NUCLEAR CORP
U.S Nuclear Corp is making a name for itself as a leader in high quality, fast and accurate radioactive monitoring devices. DroneRAD and RandFan are the two flagship devices poised to generate significant value for the company and drive the bottom line.
The stock should continue to edge higher on investors taking note of what is at stakes in terms of value generation with the two revolutionary systems.
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