Is RightsCorp Inc (OTCMKTS:RIHT) on the Rocket Pad?

RightsCorp Inc (OTCMKTS:RIHT)

RightsCorp Inc (OTCMKTS:RIHT) has been posting news that observers believe may propel shares higher in the coming weeks. Currently, RIHT shares are trading well above their 52-week low of $0.01 per share and are within striking distance of their $0.059 52-week high.

RightsCorp Inc (OTCMKTS:RIHT)
Daily Candle Bar for $RIHT

Intellectual property (IP) protection is a huge business. The U.S. Chamber of Commerce Intellectual Property Center has calculated the worth of intellectual property in the United States as being between $5 trillion and $5.5 trillion. Reports suggest that the U.S. economy loses $58 billion each year to copyright infringement including $16 billion in lost revenue to the owners of the IP, and $3 billion in lost tax revenue.

RightsCorp Inc (OTCMKTS:RIHT) provides data and analytics services to owners of copyrighted property such as artists or media firms. The company’s patent-pending digital technology focuses on the infringement of intellectual property rights and ensures that the legal owner’s rights are protected.

RightsCorp Recent History

At the end of February, RightsCorp Inc (OTCMKTS:RIHT) announced Mr. Cecil Bond Kyte as the company’s new Chief Executive Officer. Mr. Christopher Sabec, the Company’s current CEO, will serve as President and continue to spearhead RightsCorp’s intellectual property litigation support and copyright monetization services.

In late June, RightsCorp Inc (OTCMKTS:RIHT) announced that it has been granted an Israeli Patent for the company’s “System to Identify Multiple Copyright Infringements and Collecting Royalties”. Cecil Bond Kyte, CEO of Rightscorp, stated “Online piracy continues to be a major concern worldwide with Israel holding one of the highest rates outside Europe. Last year, it was recorded that approximately 66% watch movies and TV shows online with only 2% using legal direct-view websites. There is a need in Israel for content protection and our technology is an ideal solution for curbing piracy,”.

RightsCorp Can Scale

Clearly, there is positive movement in the ability for RightsCorp to execute on their business model. Their approach is to use their proprietary software to monitor global Peer‐to‐Peer (P2P) file sharing networks. As they monitor the P2P network, the software continuously scans for illegally downloaded digital media.

Once the software finds an illegally downloaded file, it sends an email to the internet service provider (ISP) using the notice format as specified in the Digital Millennium Copyright Act. The notice includes the date, time, song title and other specific technology identifiers to confirm the infringement by the ISP’s customer. Under Federal Copyright Law, once the ISP has actual knowledge of copyright infringements that take place using its network, it has specific duties in relation to the enforcement of the rights of the owners of the material in question. The ISP can legally cut off service to repeat offenders.

Fines for downloading IP without proper authority or permission can reach $150,000 per violation. However, RightsCorp provides these illegal users with a link to remit payment to Rightscorp who will then pay the IP owner a percentage of the collected fee. RightsCorp Inc (OTCMKTS:RIHT) believes this arrangement is economical and mutually beneficial to both the infringer and owner of the IP.

One thing is certain if the company is able to fully execute its business model – it could be a massive cash-flow generating machine.

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: Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant

Superconductor Technologies Inc. (Nasdaq:SCON) Experiencing Massive Volumes

Superconductor Technologies Inc. (Nasdaq:SCON)

Shares of Austin, TX-based Superconductor Technologies Inc. (Nasdaq:SCON) are up over 30% on over 65 times normal average daily volumes. In November, Superconductor Technologies Inc. (Nasdaq:SCON) shares skyrocketed when the company was awarded $4.5 million for its Next Generation Electric Machines program by the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy. Superconductor Technologies Inc. (Nasdaq:SCON) is developing and producing High Temperature Superconductor, or HTS, wire that bears the potential to revolutionize the electric power industry.

Yesterday, Superconductor Technologies Inc. (Nasdaq:SCON) was awarded a U.S. Patent enabled by STI’s superconducting wire manufacturing method. This patented process improves Conductus wire’s performance in the presence of a strong magnetic field. The properties of HTS allow wire to conduct electricity more efficiently from traditional copper wire through cooling power transmission to “critical” temperatures. Superconductor Tech markets its patented HTS technology under the brand name Conductus. HTS has the potential to revolutionize the Smart Grid market of generating and transmitting electricity in the United States.

Jeff Quiram, STI’s President and CEO stated in a press release “This new patent protects the foundation from which we will build high performance wire for our customers. The flexibility provided by our proprietary manufacturing process enables STI to build superconducting wire in very unique ways.”

Sales have declined YoY for Superconductor Technologies Inc. (Nasdaq:SCON). In 2011 and 2012 reported sales were $3.5 million. However, shareholders have seen steady improvement in earnings per share. In 2011, there was a loss of $75.69, followed by narrower losses and in 2015 the loss was $6.55.

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 SCON
Last Price a/o 10:23 AM EST  $                      1.48
Average Volume                1,250,000
Market Cap (mlns)  $                      5.91
Sales (mlns) $0.10
Shares Outstanding (mlns) 5.14
Share Float (mlns) 4.37
Shortable Yes
Optionable No
Inside Ownership 3.10%
Short Float 14.41%
Short Interest Ratio 0.5
Quarterly Return -9.29%
YTD Return -6.50%
Year Return -61.67%

Momenta Pharmaceuticals (Nasdaq: MNTA) Jumps After Hours on Teva (NYSE: TEVA) Patent Loss

Momenta Pharmaceuticals, Inc. – Nasdaq: MNTA

A U.S. Court invalidated patents granted to Teva Pharmaceuticals (NYSE: TEVA) for their multiple sclerosis drug Copaxone. That news sent shares of Momenta Pharmaceuticals (Nasdaq: MNTA) up over 8% in after-hours trading. In 2015, Momenta and Sandoz received FDA approval for their generic version of Copaxone. Reports are that Copaxone annually generates $4 billion in revenue for TEVA and that this court ruling could create a $1.2 Billion market for the generic version.

Cambridge, MA-based Momenta develops complex pharmaceutical products. The company utilizes proprietary technology-based methods to develop generic versions of complex drugs, biosimilar and potentially interchangeable biologics, and to the discover and develop of therapeutics for autoimmune indications.

Reported sales and EPS have been increasing for MNTA since 2013 when Momenta reported $35.5 million and -$2.13 respectively. In 2015 MNTA experienced a loss of $1.32 EPS on sales of $89.7 million. Nine firms follow Momenta Pharmaceuticals. Six rate MNTA shares as a “Strong Buy”, two rate the shares as a “Hold”. And one rates MNTA as a “Sell”. The consensus price target for MNTA is $18.50.

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.


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.

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%

Forward Pharma (Nasdaq: FWP) Receives $1.25 Billion Lawsuit Settlement From Biogen

Forward Pharma – Nasdaq: FWP

Forward Pharma shares rocketed up over 60% from their Friday close of $18.35 on news of a patent-infringement lawsuit settlement with Biogen (BIIB). The Danish company trades on the Nasdaq as an American Depository Share (ADR). According to reports, Biogen will pay Forward Pharma $1.25 Billion to settle the ongoing lawsuit over their multiple sclerosis drug Tecfidera.

Forward Pharma is a Danish biotechnology company focused on the immunomodulatory compound dimethyl fumarate and derivatives, for applications as a pharmaceutical drug product to treat immune disorders such as multiple sclerosis and psoriasis. Major partners listed on Forward Pharma’s website include venture capital firms such as Nordic Biotech, Rosetta Capital, and BVF Partners.

Two firms follow Forward Biopharma and each rate FP shares as a “Strong Buy” despite no reported sales and negative EPS since 2012. Their consensus price target for FWP is $42.50.

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.

Ticker Symbol FWP
Last Price a/o 11:29 AM EST $27.99
Average Volume 9,500
Market Cap $853 million
Shares Outstanding 46.5 million
Share Float 10.5 million
Shortable Yes
Optionable No
Inside Ownership
Short Float 0.83%
Short Interest Ratio 9.14
Quarterly Return -11.57%
YTD Return 22.33%
Year Return 18.46%

Energous Corp. (Nasdaq: WATT) Reaches New Highs on Heavy Volume

Energous Corporation; Nasdaq: WATT

SNU first covered Energous Corporation in December when the U.S. Patent Office rejected a patent challenge. Today the shares, traded on the Nasdaq under WATT, have reached new all-time highs and the stock is up over 5%. Volumes are more than double the average.

Below is our original December 22, 2016 report:

Shares of Energous Corporation are up close to 10% on heavy volume. Energous Corporations trades on the Nasdaq under the ticker symbol WATT. Yesterday WATT closed at $17.48 but today’s morning trading has seen the shares trading as high as $19.28.

Energous Corporation is the developer of WattUp®—an award-winning, wire-free charging technology that Energous hopes will transform the way consumers and industries charge and power electronic devices at home, in the office, in the car and beyond. WattUp is a radio frequency (RF) based charging solution that delivers intelligent, scalable power via radio bands, similar to a Wi-Fi router. WattUp differs from other wireless charging systems in that it delivers power at a distance, to multiple devices – thus resulting in a wire-free experience that saves users from having to plug in their devices.

In November the U.S. Patent Office’s Trial and Appeal Board (PTAB) rejected a challenge to the Energous patent.

“Yesterday’s decision from the PTAB confirms our steadfast confidence in the strength of our intellectual property and strategy surrounding our WattUp technology,” said Stephen R. Rizzone, president and CEO of Energous. “As a licensing and semiconductor company, protecting and securing our patents is an important element of our goal of maintaining a dominant leadership position in the emerging market of wire-free power. We will continue to vigorously defend our intellectual property as we innovate and develop breakthrough wire-free charging technologies.”

Three firms follow Energous Corporation and all three give WATT shares a “Strong Buy” 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.

Ticker Symbol WATT
Last Price a/o 10:52 AM EST  $                    20.04
Average Volume 641,000
Market Cap $361 million
Sales 1.3 million
Shares Outstanding 18.85 million
Share Float 14.08 million
Shortable Yes
Optionable Yes
Inside Ownership 2.30%
Short Float 29.90%
Short Interest Ratio 6.57
Quarterly Return 20.28%
YTD Return 13.71%
Year Return 249.64%

Telenav Inc. (Nasdaq: TNAV) Rises on Lawsuit Settlement

Telenav, Inc.– Nasdaq: TNAV

Telenav, Inc. announced that it has settled a lawsuit accusing the firm of patent infringement brought by Vehicle IP, LLC. The one-time payment of $8 million will have a material impact on 2016 Q4 results. Telenav, Inc. is a provider of location based services including voice guided navigation, on mobile phones.

Telenav Inc. trades on the Nasdaq under the ticker TNAV. News of the settlement sent TNAV gapping up from its Thursday close of $7. Today TNAV opened at $8.10 and reached as high as $8.70 on heavy volumes.

In the press release Michael Strambi, Chief Financial Officer of Telenav stated “We experienced higher than expected revenue for the December quarter, which was driven by increases in both our Auto and Advertising businesses. However, operating expenses were greater than anticipated due to the one-time settlement and license fee.  At December 31, 2016, we had cash and short-term investments of $103.7 million.  The payment for the settlement will occur during January 2017.  As of September 30, 2016, we had accrued a liability of $850,000 related to the case, so the settlement’s impact on the December quarter will be reduced by that accrued amount.  We will provide our full financial results on our earnings call scheduled for January 31st.” The company will report results for the second quarter fiscal 2017 on Tuesday, January 31, 2017 with an investor conference call and live webcast at 2:00 p.m. PT (5:00 p.m. ET). To access the conference call, dial 877-795-3648 (toll-free, domestic only) or 719-325-4755 (domestic and international toll) and enter pass code 5663996.

Telenav Inc. is followed by four firms. All four rate TNAV as a “Strong Buy” with a consensus price target of $10.75. For 2016 Telenav Inc reported an EPS loss of $0.85 down from their reported 2015 EPS loss of $0.58. However, sales improved during that period. In 2015 holders of TNAV saw reported revenues of $160.2 million and in 2016 reported revenues were $183.3 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.

Ticker Symbol DXCM
Last Price a/o 10:22 AM EST  $                      8.23
Average Volume 82,200
Market Cap $297 million
Sales $181.5 million
Shares Outstanding 42.5 million
Share Float 26.53 million
Shortable Yes
Optionable Yes
Inside Ownership 4.40%
Short Float 1.22%
Short Interest Ratio 3.95
Quarterly Return 21.95%
YTD Return -0.71%
Year Return 35.40%