On the back of the news that a prominent bank added to the list of the best selections, Axis systems (NASDAQ: OSIOS) He had a good week on the stock market. During the period, the price of a stock hardware stock improved by more than 5%, according to data collected by S & P Global Market Intelligence.
On Wednesday, Bank of America Updated your favorite line Small cap suppliesA list of efforts. The lender replaced by a special restaurant chain operator Sweet In favor of the axis of the system. At any time, the list consists of 15 to 30 stocks in the category, which makes the achievement to be appointed.
It was not immediately evident why the Bank of America considered the company worth turning on. Nonetheless, the axis systems could use some positive news these days.
Last week, Short Seller Culper Research posted a highly critical company report. He pointed out the fact that the vast majority of their recent revenue growth for one contract, a contract that he said was signed with the Mexican Ministry of Defense in March 2023 to supply more than 120 vehicles and cargo at 21 border crossings in the country. Culper wrote the following in the report:
However, our exploration-exploration, following an extensive overview of the cat authorization records, visits the investigator to the border crossings, satellite paintings, interviewing former employees and analysis of local printing-sensor that the axis has been a wonderful lag behind its obligations, thanks to delivery, installation and potential product levels.
Ostems has not yet formally responded to these allegations.
Understandably, the Systems Ostems section has decreased dangerously after the report announcement. Therefore, the move of the Bank of America seems to restore confidence in stock. Still, the accusations are worrying, and although Culper is profitable as a short salesman from the fall of System Ostem, investors should be careful and may be dollanged deeper than they usually do in the company.
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