Hey there,
PYR is one that I have been watching for a while now but unfortunately, it is mired in a big downtrend, much like many other previous hot stocks. Valuations are coming down in a big way and PYR is no exception. The company is trading at 55 times sales and 24 times earnings - not cheap.
The company has a backlog of $30M so even on a forward basis it is trading at 34 times - once again, not exactly cheap. It shot up in price earlier as valuations across the renewable sector shot up in a big way. We have since seen many industries drop considerably in terms of valuations. The problem is, we don't know where they will eventually settle.
The good news is that PYR has a proven product and sales are ramping up. It is a solid company, and is just about to enter oversold territory (30.55). While it still has room to drop and its 200MDA is around $5.40 which will be a key indicator for them. Bottom line, I like the company and think it has a bright future. When I was first looking at it, I was thinking around $4.50 was a nice entry but then it shot up considerably and I backed off. The company's share price got ahead of itself much like many others did.
Mat