This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Authentidate Trading Volume Spikes

Authentidate (ADAT) shares are on the move, with volume almost five times higher than normal.

More than 760,000 shares have traded today, while the three-month average is around 160,000 shares. Authentidate is a New Jersey-based company that provides health information exchange solutions. This means that physicians can use their software for workflow management, making their medical records electronic. They also have solutions in patient discharge and telehealth devices. There are a few recent developments that might be playing a role in Authentidate's activity.

* In December, they raised $3.4M of capital. They issued 3.4M common shares, along with 3.4M 90-day warrants at a $1 strike. This volume requires sellers, and it's very likely the warrants are now being exercised.

* As of the last quarterly call, we learned that their Liberty contract for Inscrybe solutions is back again. Liberty's contract significantly impacts their financial results and had ended. In the past, it was a customized solution, however now it's the standard software.

* Authentidate's 2010 fiscal year began July 1, 2009. This means that we are now in the second half of fiscal 2010. From their January Investor Presentation file (http://www.authentidate.com/index.php/content/view/60/131/), you can see this on Page 14: "Initial sales for the telehealth and hospital discharge solutions are expected in the second half of fiscal 2010."

* Telehealth devices have been around for a while - Bosch has been in the market for 10 years, and now we're seeing more competition. Intel (INTC) and GE (GE) are in the market. Intel and GE recently pushed their partnership from just the United States into the United Kingdom.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,982.59 +22.02 0.13%
S&P 500 1,978.91 +0.57 0.03%
NASDAQ 4,444.9090 -4.6550 -0.10%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs