Is BANT Stock a Buy as a Drones Covid-19 Cleaning Play?

This Covid-19 drones cleaning stock was up 1000% according to barchart in the week ending on August 28th, 2020. After our experience writing about $EPAZ (which peaked at $0.13 by the way) we see a pattern of how well Covid-19 extreme penny stocks can do on today’s market.

For Robinhood investors that once liked $UAVS the drone maker, $BANT is interesting. What does the headline sound like? Bantec brings Interactive, temperature monitoring, UVC robotic cleaning systems to the COVID-19 fight.

Even at 3.1 cents there’s clearly still a lot of upside for $BANT. Based in Little Falls NJ, the company has about 15 full-time employees. As small businesses go bankrupt, many others are pivoting to battle Covid-19. You can view their online store here.

Bantec’s UVC Advanced Robot operates autonomously, automatically docking and recharging, disinfecting a 30m^2 area (322 sq/ft) in fifteen minutes. It uses a UVC lamp and/or disinfectant liquid spray to kill germs by destroying and decomposing DNA & RNA proteins and kills 99.9% of all bacteria. They claim their robot ultimately reduces the spread of viruses, bacteria and other harmful microorganisms.

  • According to a BCC Research report from 2019, the global market for UV disinfection equipment is estimated to surpass $4 billion by 2023.
  • The baseline bottom for this stock on August 25th was $0.0023, Today, 3 days later, it’s at $0.031 after another 60% rise. Hence you can see how it’s risen 1,000 percent this week.
  • This global pandemic has created a massive increase in the demand for cleaning and monitoring equipment, and Bantec believes that their new line of equipment from CleanSmart and Bantec is a perfect solution to help fill this need.

Help a robot fight covid-19? It sounds like a ridiculous ask, but these are ridiculous times.

Bantec Brings Interactive, Temperature Monitoring, UVC Robotic Cleaning Systems to the Covid-19 Fight $BANT #COVID19updates #Robotics #News #stockmarkets pic.twitter.com/PKQjpHd8CB

— Bantec, Inc. (@bantecinc) June 22, 2020

Bantec also proposes to use robots in banks to help with customer service and Covid-19 safety.

There’s a prospective “drones for good” movement coming in 2021 and this would be an interesting play to get in on that action. You can fallow Bantec here on Twitter.

I did not expect EPAZ to go up to $0.13, but in the chart in 2017 there was a precedent for such a spike. But what does $BANT’s chart say? I think at best we could hope for an upper resistance of $0.10 to kick in. So technically that’s still a bargain today if you are not a risk adverse opportunist.

Bantec has a mission statement that it wants to support local and state governments and the US government. Can it do so with robots and drones? In addition it sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers or commercial businesses.

So there is a B2B play here that’s quite appealing for prospective financial viability. In a sense while investing in Bantec you are investing in an automation play.

Banetc does a lot of little things as a company to get by, but I think its unique valuation proposition now has to be the cleaning drones. In April, 2020 Howco Distributing, Bantec’s subsidiary, received a letter from the Department of Defense stating that it is an essential business in the fight against COVID-19. Their covid-19 robot has some rudimentary ability to interact with customers in a client-facing setting.

This is Bantec’s CEO on LinkedIn and you can do your own due diligence to see if you think he is a high quality professional. He’s also the CEO of Drone USA. On Bantec’s LinkedIn they make a bold claim, saying that they provide “essential products and services” to the U.S. Department of Defense. Obviously for a stock that’s worth $0.03 (at best) and has 12 followers on LinkedIn one has to wonder.

Still anything that makes our spaces and institutions safer during this pandemic could see good demand. On May 14th Bantec announced, in a press release, that Bantec Subsidiary Howco secured a $205,000 purchase order to provide military grade packing for a major aerospace defense manufacturer.

The company is a startup with a questionable ability to compete against other robotics startups. But as a stock, the drone cleaning narrative is a story worth investing in.

Barchart sees the stock has a weak buy but given the run it’s had this week there is probably more upside to be had next week. Technically this is a week to week scalp, given the weak fundamentals of the company.

With over 1,000 reactions on Yahoo Finance its volume is likely to accelerate, not decrease. On OTC markets we find BANT is at least okay, at least as okay as a pink slip (OTC) stock can be.

Howco was established in 1990 with the mission of being a leading and respected provider of construction, transportation, mining, and heavy equipment spare and replacement parts to customers worldwide. So if the robots don’t work out, it’s back to basics for this NJ team.

The cleaning drone is able to clean with UVC light and spray disinfectant in settings such as banks and schools after hours.

Forget banks, these robots make the most sense in schools after hours.

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