$BCLI Stock

Grant Award Rockets Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI)

Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI)

Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI) shares gained over 9%, ended the day at $4.94, and pushed a key indicator into overbought territory. The average volume of BCLI shares is barely over 100,000 shares but over 1 million shares traded on Friday after the biotech firm announced that the California Institute for Regenerative Medicine (CIRM), the world’s leading advocate for stem cell research, has awarded Brainstorm Cell Therapeutics Inc a $16 million grant to pursue a Phase 3 study of NurOwn®, for the treatment of amyotrophic lateral sclerosis (ALS).

 

BrainStorm Cell Therapeutics Inc (NASDAQ:BCLI), based in Hackensack, NJ, develops autologous stem cell therapies for neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS, also known as Lou Gehrig’s disease), Multiple Sclerosis (MS) and Parkinson’s Disease (PD).

Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI)’s Phase 3 clinical trial investigating NurOwn in ALS is expected to enroll approximately 200 patients and will be conducted at six top ALS clinical sites – all located in the U.S. The results will be measured by the ALSFR-S score responder analysis. The patient population will be optimized to include faster-progressing patients who demonstrated superior outcomes in the NurOwn Phase 2 ALS trial.

Brainstorm Cell Therapeutics Inc (NASDAQ:BCLI) shares have done well. Over the past year, BCLI shares have increased over 105% and increased almost 95% YTD. Friday’s interday high was $5.18 while the 52-week high (based on closing price) is $5.10. The move pushed the shares’ Relative Strength Index above 75 – a reading above 70 is normally taken as an overbought signal.

While the share price has been staller, losses have been te norm for BCLI shareholders since 2012 when a per share loss of (-$037) was posted. That per share loss was followed by annual losses of (-$0.46), (-$0.68), (-$0.46), and (-$0.27) for 2016. The lone investment firm that follows BCLI shares rates them as a “Strong Buy”.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: Monica has an undergraduate degree in Accounting and an MBA she earned – with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

Houston American Energy Corporation (NYSEMKT:HUSA)

Abraxas Petroleum Corp. (NASDAQ:AXAS) Announces $13.7 Million In Net Income In First Quarter 2017 Results

Abraxas Petroleum Corp. (NASDAQ:AXAS)

Abraxas Petroleum Corp. (NASDAQ:AXAS) has announced its financial results, and provided a business update, for the first quarter ended March 31, 2017.

During the period, the company reported $13.7 million or $0.09 per share in net income compared to (-$$40.9) million or (-$0.39) per share in net loss reported in the three months ended March 31, 2016. The company’s revenue during the period stood at $18.8 million.

In addition to the financial results, Abraxas Petroleum Corp. (NASDAQ:AXAS) announced completion of drilling of Caprito 98-301HRn and Caprito 98-201H in Texas. The company drilled the Caprito 98-301HR to target the Wolfcamp A2 zone while the Caprito 98-201H well was drilled to target the Wolfcamp A1 zone.  The company is optimistic that the well will be complete and operational in the shortest time possible.  Abraxas will have an 88% working stake in the wells.

Abraxas Petroleum Corp. (NASDAQ:AXAS) also started drilling works at the Caprito 83-404H and Caprito 83-304H wells. The company drilled Caprito 83-304H as a strategic target for Wolfcamp A2 zone and Caprito 83-404H as a strategic target for Wolfcamp B zone. The company will own 81% working stake in Caprito 83-404H and Caprito 83-304H.

In addition, Abraxas Petroleum Corp. (NASDAQ:AXAS) has drilled the Stenehjem 6H-9H well which is located in McKenzie County, North Dakota. The company owns 75% working stake in Stenehjem 6H-9H.

In a statement, Abraxas Petroleum Corp. (NASDAQ:AXAS) President and CEO, Bob Watson, said the company almost doubled its revenue compared to what it registered during the first quarter of the previous financial year.  He added that the company reported a 20% drop in costs per barrel. He expressed optimism that the company will maintain an upward trajectory.

Abraxas Petroleum Corp. (NASDAQ:AXAS) closed the quarter with debt of $18 million to finance its $115 million revolver. The company is currently engaging with the lender for a possible extension of the loan facility on similar terms. The company, he said, is counting on possible increases in liquidity to fund its additional drilling activities as well as remain in a better financial position to acquire more wells. The company is counting on its strong balance sheet to boost its position in the Delaware Basin where it is exploring for more wells. He added that the company is on schedule in regards to its operations lined up for the year.

Abraxas Petroleum Corp. (NASDAQ:AXAS) was up by 1.60% in Wednesday’s trading session, ending the day at $1.90 a share.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Abraxas Petroleum Corp. (NASDAQ:AXAS) Gets Lean, Surprises, Shares Surge

Abraxas Petroleum Corp. (NASDAQ:AXAS)

San Antonio, TX-based Abaraxas Petroleum Corp. (NASDAQ:AXAS) surprised analysts with their Q4 and full year earnings announcement. Abraxas is an independent exploration and production energy firm with assets in the Rocky Mountains, South Texas, Powder River Basin, and the Permian Basin.

Financial Report

Net loss for the three months ended December 31, 2016 was $5.3 million, or $0.04 per share, compared to a net loss of $67.4 million, or $0.64 per share, for the three months ended December 31, 2015. For 2016, Abaraxas Petroleum Corp. (NASDAQ:AXAS) reported production of 2.3 MMBoe, revenues of $56.6 million, and a net loss of $96.4 million or -$0.79 per share. That compares to the 2015 net loss of $127.1 million or -$1.21 per share.

Operational Report

Abaraxas Petroleum Corp. (NASDAQ:AXAS) is drilling a two-well pad in Ward County, TX. Abraxas owns an 88% working interest in the two wells. Two additional locations will be drilled and results will be analyzed for future development. In McKenzie County, ND is drilling lateral sections of one location of which Abraxas has a 75% working interest. Following completion of those wells, the company anticipates drilling a three-well spud at a location in which the company owns a 52% working interest. Lastly, in Atascosa County, TX, Abraxas plans to combine two units and drill in a location in which they own 100% working interest.

In January Abaraxas Petroleum Corp. (NASDAQ:AXAS) was upgraded to a “Buy” by Stifel analysts who provided a price target of $3.50. 2015 was difficult for AXAS shareholders. They experienced an EPS loss of -$1.22 after receiving a positive EPS of $0.63 in 2014. Sales also suffered as the world oil market saw a drop in the commodity. The sales figure of $133.8 million in 2014 was much larger than the 2015 figure of $67 million. During that stretch it is likely the company cut expenses in response as the President and CEO of Abraxas, Bob Watson, commented that 2016 cash operating expenses had come in at the lower end of the guidance range.

3/15/2017
Ticker Symbol AXAS
Last Price a/o 12:22 PM EST  $                      1.81
Average Volume                2,360,000
Market Cap (mlns)  $                  266.33
Sales (mlns) $47.90
Shares Outstanding (mlns) 169.64
Share Float (mlns) 152.31
Shortable Yes
Optionable Yes
Inside Ownership 0.10%
Short Float 2.17%
Short Interest Ratio 1.4
Quarterly Return -31.44%
YTD Return -38.91%
Year Return 57.00%

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.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.