Helios and Matheson Analytics Inc. (Nasdaq: HMNY) Appoints New Leadership – Shares Rise

Helios and Matheson Analytics Inc. – Nasdaq: HMNY

Helios and Matheson Analytics Inc. shares, traded on the Nasdaq under ticker HMNY, are up over 20% on heavy volumes. The New York-based company today announced that Theodore Farnsworth, Helios and Matheson Analytic’s Chairman of the Board, has been appointed as HMNY’s Chief Executive Officer. Farnsworth, founder of HMNY’s subsidiary, Zone Technologies, Inc., and creator of the RedZone Map smartphone app, is assuming the chief executive role of HMNY from Pat Krishnan, who is moving into the newly created position of Chief Innovation Officer.

As both Chairman and Chief Executive Officer, Farnsworth will lead the company’s strategic direction and all day-to-day operations. Mr. Krishnan will drive many technology-related functions of the company, including initiatives related to artificial intelligence and social listening.   As Chief Innovation Officer, Mr. Krishnan will be assuming management of RedZone’s worldwide technology functions in the United States (Miami, New York and Silicon Valley), India and Israel.

Helios and Matheson Analytics is a global technology developer and provider. Their clients are typically businesses seeking a congruent strategy at the junction of Big Data, Analytics and Business insight.

Helios and Matheson Analytics shareholders experienced positive EPS from 2011 until 2013. However in the last two years, HMNY shares have experienced EPS losses of $0.08 and $0.91 respectively. Sales have retreated from their 2013 high of $13.3 million and last year Helios and Matheson Analytics reported sales of $9.7 million. No firms follow or rate HMNY shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/23/2017
Ticker Symbol HMNY
Last Price a/o 3:03 PM EST  $                      4.22
Average Volume 477,700
Market Cap $16.3 million
Sales $8 million
Shares Outstanding 4.71 million
Share Float 1.12 million
Shortable Yes
Optionable No
Inside Ownership 35.70%
Short Float 25.18%
Short Interest Ratio 0.59
Quarterly Return -39.72%
YTD Return 4.85%
Year Return 141.05%

Cynosure Inc. (Nasdaq: CYNO) Exploring Sale?

Cynosure,Inc. – Nasdaq: CYNO 

The Board of Cynosure Inc. is rumored to be weighing strategic options including a sale of the company. Shares, traded on the Nasdaq under ticker symbol CYNO, are trading in heavy volumes and are up over 7%. 

Cynosure is a developer and manufacturer of a broad array of light-based aesthetic and medical treatment systems. Their products are used to provide a diverse range of treatment applications such as hair removal, skin revitalization and scar reduction, as well as the treatment of vascular lesions. 

Reported sales for Cynosure Inc. have been steadily increasing since 2011 ($110.6 million) and in 2015 were $339.5 million. However, CYNO EPS has been inconsistent and experienced losses in two of the last five years. In 2015, CYNO’s reported EPS was $0.71.

Seven firms rate CYNO shares. Six rate CYNO as a “Strong Buy” while one rates the shares as a “Sell”. Their consensus price target for CYNO is $60. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/23/2017
Ticker Symbol CYNO
Last Price a/o 8:33 AM EST  $                    47.15
Average Volume 492,000
Market Cap $1.05 Billion
Sales $413.8 million
Shares Outstanding 23.94 million
Share Float 22.96 million
Shortable Yes
Optionable Yes
Inside Ownership 0.30%
Short Float 13.28%
Short Interest Ratio 6.2
Quarterly Return -15.38%
YTD Return -3.84%
Year Return 17.94%

Rightside Group Ltd. (Nasdaq: NAME) Shares Benefit from eNorm Sale

Rightside Group Ltd. – Nasdaq: NAME

Kirkland, WA-based Rightside Group Ltd. shares, traded on the Nasdaq under ticker NAME, are benefitting from an announcement stating that Tocows, Inc. will acquire internet domain registrar eNorm from Rightside for $83.5 million.

The acquisition of eNorm will add 14.5 million domains under management and 28,000 active resellers. That will give Tucows a total network of over 40,000 resellers globally and 29 million domains under management, making it the second largest domain registrar in the world.  

Rightside recently conducted an extensive strategic review and concluded that while it is in a strong position to leverage the global trends in the domain industry, it would further benefit from divesting eNorm in order to place a greater focus on its higher growth and higher margin Registry and retail Registrar businesses. The divestiture also enhances Rightside’s ability to make additional investments in the Registry business as the market for new domains continues to develop. 

Rightside Group reported sales have increased year-on-year since 2011 and in 2015 reported sales were $212.5 million. Shareholders of NAME have experienced negative EPS from 2012 – 2015. Reported EPS for NAME shares were negative ($0.60) for 2015. The single firm that follows NAME rates the shares as a “Strong Buy”. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

 

Digital Ally, Inc. (Nasdaq: DGLY) Wins Appellate Verdict – Shares Rocket

Digital Ally, Inc. – Nasdaq: DGLY

Traders continue to push Kansas-based Digital Ally Inc. shares higher, on large volumes, after a favorable appeals court ruling found against Utility Associates, Inc. The shares, traded on the Nasdaq under ticker DGLY, began the week at $4.15 and reached $5.20 in after-hours trading on Thursday. 

Digital Ally™, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial fleet applications – focusing in Digital Video Imaging and Storage. Digital Ally has secured contracts and orders from law enforcement agencies, the U.S. Military and commercial fleets in all 50 states and more than 90 foreign countries.  

Stanton E. Ross, Chief Executive Officer of Digital Ally responded to news of the appeal court’s decision “This Judgment by the Federal Circuit is a huge legal victory for Digital and affirms what we have known all along — Utility has been threatening Digital and our customers with an invalid patent.” 

Two firms follow Digital Ally, Inc. and both rate DGLY shares as a “Strong Buy” with a consensus price target of $12. DGLY shares have never had positive EPS – 2011 (-$1.96), 2012 (-0.97), 2013 (-$1.17), 2014 (-$3.54), and in 2015 (-$2.77). Digital Ally reported sales in 2015 were $20 million – little changed from previous years. 

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/19/2017
Ticker Symbol DGLY
Last Price a/o 4:44 PM EST  $                      5.20
Average Volume 57,600
Market Cap $25.33 million
Sales $18.2 million
Shares Outstanding 5.39 million
Share Float 4.67 million
Shortable Yes
Optionable No
Inside Ownership 1.70%
Short Float 13.43%
Short Interest Ratio 10.89
Quarterly Return -17.54%
YTD Return 11.90%
Year Return -25.04%

South Korean Gravity Co. Ltd. (Nasdaq: GRVY) Shares on the Rise

Gravity Co. Ltd. – Nasdaq: GRVY

South Korean-based Gravity Co. Ltd shares are up over 30% today and up over 150% for the quarter. The shares, traded on the Nasdaq under ticker GRVY, had traded under $5 for most of 2016 but hit an intra-day high of $19.51 in today’s trading.

Gravity Co. Ltd. is widely known for its development of the internationally acclaimed

Ragnarok Online, and is also developing and servicing a full lineup of next-generation game titles including the sequel Ragnarok Online II, Requiem. Also, Gravity Co. Ltd is developing its publishing business by providing a wide variety of renowned game titles to our users based on the company’s global network. 

GRVY shares have not been helped by declining sales. In 2011 and 2012 reported sales were close to $49 million. However, in 2015 sales were just $30.3 million. 2015 EPS for GRVY were the best in the past three years although still a loss – $4.15. No firms follow or rate GRVY shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

Ticker Symbol GRVY
Last Price a/o 3:12 PM EST  $                    17.93
Average Volume 150,000
Market Cap $45.8 million
Sales $36.3 million
Shares Outstanding 3.37 million
Share Float 1.41 million
Shortable Yes
Optionable No
Inside Ownership 59.30%
Short Float 1.76%
Short Interest Ratio 0.17
Quarterly Return 166.47%
YTD Return 28.82%
Year Return 325.46%

IRadimed Corporation (Nasdaq: IRMD) Gives 2017 Guidance – Shares Drop

IRadimed Corporation – Nasdaq: IRMD

IRadimed Corporation shares dropped on heavy volume after the medical appliance manufacturer released financial guidance for 2017. Yesterday shares, traded on the Nasdaq under ticker IRMD, ended the regular session at $12.15 but dropped to a low of $8.86 in early morning trading.

For the first quarter 2017, the Company expects to report revenue of $5.2 million to $5.3 million, GAAP diluted earnings per share of $(0.01) to $(0.02) and non-GAAP diluted earnings per IRMD share of $0.00 to $0.01. The Company also announced that it expects to report revenue of approximately $32.6 million for the full year 2016 and $6.1 million for the fourth quarter 2016.

IRadimed Corporation develops and manufactures the MRI IV Infusion System. The company pioneered the development of the world’s first and best-selling MRI Patient Monitoring System. IRadimed has a combined 60+ years developing innovative MRI patient care products.

Two firms follow IRadimed Corporation. Their analysts rate IRMD as a “Hold” with a consensus price target of $11.50. EPS for IRMD has been positive and increasing from 2012 ($0.10) to 2015 ($0.68). IRadimed Corporation also has increasing reported sales from 2012 ($7.7 million) to 2015 ($31.6 million).

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/18/2017
Ticker Symbol IRMD
Last Price a/o 10:24 PM EST  $                    10.21
Average Volume 67,700
Market Cap $129.64 million
Sales $35.3 million
Shares Outstanding 10.67 million
Share Float 4.48 million
Shortable Yes
Optionable No
Inside Ownership 1.60%
Short Float 23.92%
Short Interest Ratio 11.5
Quarterly Return 28.71%
YTD Return 9.46%
Year Return -41.42%

Shiloh Industries Inc. (Nasdaq: SHLO) Gains in After-Hours on Earnings

Shiloh Industries, Inc. – Nasdaq: SHLO

Shares of Valley City, OH-based Shiloh Industries, Inc. are up over 10% in after-hours trading on a positive earnings announcement. Shiloh Industries trades on the Nasdaq under ticker symbol SHLO. After the market closed, Shiloh reported net income of $5.3 million for the quarter in comparison to a loss for the same quarter last year.

Shiloh Industries, Inc. is a global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial segments, capable of delivering solutions in aluminum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers.

In the last year SHLO shares have appreciated almost 90%. In 2011 they reported earnings of $0.47 on sales of $520 million. In 2015 Shiloh Industries reported $0.48 EPS on sales of $1.11 Billion. SHLO is not followed by any analysts.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/17/2017
Ticker Symbol SHLO
Last Price a/o 4:59 PM EST  $                      8.65
Average Volume 27,000
Market Cap $129.4 million
Sales $1.08 Billion
Shares Outstanding 16.61 million
Share Float 8.35 million
Shortable Yes
Optionable Yes
Inside Ownership 1.90%
Short Float 0.29%
Short Interest Ratio 0.88
Quarterly Return 11.60%
YTD Return 12.74%
Year Return 90.00%

Progress Software Corporation (Nasdaq: PRGS) Tumbles After Disappointing Earnings, Revenues

Progress Software Corporation – Nasdaq: PRGS

The market expressed its disappointment in the reported earnings and revenue announcement of Progress Software Corporation by selling shares of PRGS and sending the stock gapping down on the open. PRGS ended Friday at $32.25 but opened Tuesday at $29.46. PRGS continued to come under pressure through the trading day and ended at $27.63.

Progress Software Corporation provides business software solutions for various industries worldwide. Chief Executive Officer Yogesh Gupta said in a release “I am pleased with our earnings per share and adjusted free cash flow performance during the quarter despite revenue falling short of our goals. Initiatives undertaken during the quarter to manage our expenses allowed us to reach this outcome. I am excited by the opportunities we have in front of us, and look forward to what we can accomplish in 2017 and beyond.”

Analysts had expected EPSof $0.62 but Progress Software reported $0.56. Similarly, expectations of $124 million in revenues were met with a figure of $118. Three firms cover PRGS with one rating it a “Strong Buy” and the other two rate PRGS as a “Hold”.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/17/2017
Ticker Symbol PRGS
Last Price a/o 3:53 PM EST  $                    27.62
Average Volume 200,000
Market Cap $1.54 Billion
Sales $40.3 million
Shares Outstanding 47.7 million
Share Float 47.34 million
Shortable Yes
Optionable Yes
Inside Ownership 1.50%
Short Float 1.54%
Short Interest Ratio 3.66
Quarterly Return 19.86%
YTD Return 1.00%
Year Return 29.49%

 

The Advisory Board Company (Nasdaq: ABCO) Boosted by Elliott Hedge Fund Stake

The Advisory Board Company – Nasdaq: ABCO

Renowned hedge fund Elliott Management Corporation has today disclosed an 8.3% stake in The Advisory Board Company and described its shares (Nasdaq: ABCO) as “undervalued”. In response, the shares (Nasdaq: ABCO) gapped up from their Wednesday close of $36.15 and have climbed over 15% in today’s trading.

The Advisory Board Company’s offers cloud-based business intelligence and software applications that allow members to combine insights derived from best practices research with their operational and financial data to identify and assess revenue, cost-saving, or performance improvement opportunities; and consulting and management services that provide on-the-ground support for turnaround and performance improvement initiatives, as well as best practice and day-in-day-out professional management of the hospital or medical group areas.

Elliott Management Corporation is noted for its relatively high returns and low volatility. The New York Times has called its founder, Paul Singer, “one of the most revered” hedge fund managers on Wall Street. Elliott returns have generally outpaced the annual growth of the S&P 500. Describing Singer in 2012 as “one of the smartest and toughest money managers in the business,” Fortune noted that over the previous 35 years, he had “produced an extraordinary 14% average annual return after fees, nearly double the price appreciation of the S&P 500.” From inception, Elliott has generated for its investors a 14.6% net compound annual return, compared to 10.9% for the S&P 500 stock index, while having only one-third of the index’s volatility. The firm is currently closed to new investors. As of mid-2008, Elliott counted 175 employees in New York City, London, Tokyo, and Hong Kong and is one of the oldest hedge funds under continuous management.

Last year The Advisory Board Company posted it largest EPS loss of the last four years (-$2.84) at the same time it posted its largest sales figures ($768 million). Seventeen firms follow The Advisory Board Company and nine give ABCO a rating of “Strong Buy”, seven give it a “Hold” rating, and one gives ABCO a “Underperform” rating.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/12/2017
Ticker Symbol ABCO
Last Price a/o 1:23 PM EST  $                    41.63
Average Volume 501,000
Market Cap $1.45 Billion
Sales $803 million
Shares Outstanding 40.1 million
Share Float 6.76
Shortable Yes
Optionable Yes
Inside Ownership 0.30%
Short Float 6.76%
Short Interest Ratio 5.35
Quarterly Return -15.97%
YTD Return 8.72%
Year Return -22.34%

Century Aluminum (Nasdaq: CENX) Up on WTO Complaint Reports

Century Aluminum Company – Nasdaq: CENX

Reports that the U.S. may launch formal complaints with the World Trade Organization against Chinese aluminum producers sent shares of Century Aluminum (Nasdaq: CENX) up at least 10% in early trading. The U.S. intends, according to reports, to accuse China of providing below-market financing to Chinese aluminum companies that allowed them to modernize their plants and expand production. Also, allegedly in the complaint, are accusations that the Chinese aluminum producers were sold energy, in the form of coal and electricity, at below-market rates.

Chicago, IL-based Century Aluminum Company is a global producer of aluminum and operates aluminum reduction facilities in the United States and Iceland. Century Aluminum owns three U.S. aluminum smelters, in Hawesville, Kentucky, Robards, Kentucky and Mt. Holly, South Carolina, and one smelter in Grundartangi, Iceland. In 2008, Century Aluminum began construction on an aluminum reduction facility in Helguvik, Iceland, construction of which is currently delayed.

Four firms follow Century Aluminum Company and all rate shares of CENX as a “Hold”. CENX is currently trading above its consensus price target of $7.50.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

1/12/2017
Ticker Symbol CENX
Last Price a/o 10:13 AM EST  $                    10.01
Average Volume 2 million
Market Cap $809 million
Sales $1.36 Billion
Shares Outstanding 90 million
Share Float 49.3 million
Shortable Yes
Optionable Yes
Inside Ownership 43.00%
Short Float 23.31%
Short Interest Ratio 5.63
Quarterly Return 20.51%
YTD Return 5.02%
Year Return 201.68%