Nexxus Lighting Class A continues significant downtrend, drops 4.6%

Support: the support price is hovering at the US$1.03 level. Volume traded at the weak support price zone was 0.4 times average during the ten occasions when the support price was breached. In the last month the lowest price was US$1.03 on Mar 19. The second lowest was US$1.03 on Mar 15, the third lowest was US$1.04 on Mar 16, the 4th at US$1.04 on Mar 06 and the 5th at US$1.04 on Mar 07.Resistance: the stock is in a short-term spike being above its 50-day moving average price of US$1.0, but below its 200-day moving average price of US$1.62. Resistance is apparent at US$1.29. Volume was 2.9 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at US$1.29 on Feb 21.Falls to Rises: In the last three months the number of falls outnumbered rises 31:24 or 1.29:1.Trailing month: in the 20 trading sessions there has been a net decline of 14.75%; the stock has retreated ten times and the biggest one day decline was 7.1% on Mar 06. Volatility: the stock traded between an intraday high of US$1.09 and a two-day low of US$1.03, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 8.6% places the stock in the 1st quartile in the market meaning it is highly volatile.Premium to low: the last price is at a premium of 23.8% to the 12-month low of 84.0c two months ago on 19 Jan, 2012.Volume weighted price (VWP): the price is at a discount of 8.1% to the 1-month volume weighted average price of US$1.13, which may appeal as a value proposition.Beta: The Beta of this stock is 1.3. A Beta greater than 1 suggests this is a high risk, high return stock with volatility greater than that of the market.Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 7.0% gives it a percentile rank of 96 meaning that 96% of stocks in the NASDAQ market are less volatile than this stock. In the quarter to September 30, 2011 total revenue of US$2.1 million; net loss of US$1 million.Annual Report for the year ended December 31, 2010 (year-on-year comparisons with previous corresponding period)-Favourable Changes: EPS continued to be negative like in the previous year; however, there was an improvement from $US-1.71 in the previous year to -49.0 U.S. cents; total liabilities to total assets down 20.7% to 0.2; Sales to total assets up 88.2% to 0.3.Unfavourable Changes: loss of $US8.0m; losses in all of the last 3 years; current ratio down 10.1% to 6.7; Net tangible assets per share down 72.9% to $US0.49; operating cash flow is negative; Working capital to total assets down 17.4% to 53.6%.Major Common Size Ratios: total current assets to total assets down from 75.0% to 63.1%; cash to total assets down from 51.3% to 31.2%; intangibles to total assets up from 17.3% to 30.2%; current inventory to total assets up from 9.5% to 20.8%; fixed assets to total assets up from 4.2% to 6.4%; cost of goods sold to sales up from 67.5% to 74.9%; depreciation to sales down from 11.2% to 10.1%; amortisation to sales down from 9.7% to 6.9%; interest expenses to sales down from 9.2% to 4.6%.