AirMedia Group Inc. (ADR)(NASDAQ:AMCN)

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) Inches Closer To Privatization

AirMedia Group Inc. (ADR) (NASDAQ:AMCN)

AirMedia Group Inc. (ADR)(NASDAQ:AMCN) fell 2.67% after announcing it has entered into amendment No. 5 as part of its Agreement and Plan of Merger dated September 29, 2015. Pursuant to the merger agreement, AirMedia Holdings and AirMedia Merger Co. have agreed to provide a cash escrow or letter of credit for the payment of the parent termination fee.

Merger Agreement

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) stock is currently trading in a downtrend after struggling to rise above $2.80. The stock is down by more than 10% for the year

The leading operator of out-of-home advertising platforms in China entered into a definitive agreement and Plan of Merger with AirMedia Holdings (Parent) and AirMedia Merger Company Limited (Merger Sub) in 2015. Pursuant to the agreement, the Parent agreed to acquire AirMedia Group Inc. (ADR) (NASDAQ:AMCN) for $3 per ordinary share or $6 per American Depository Share.

The bid at the time represented a 70% premium. The Buyer Group is led by Mr. Herman Guo Man, Ms. Dan Shao, and Mr. Qing Xu owning AirMedia. The Buyer Group has since agreed to provide real properties owned by one member as an alternative collateral and security to the Merger agreement.

“The Company cautions its shareholders and others considering trading in the Company’s securities that the availability of the Buyer Group’s funding for the proposed transaction is subject to various conditions. There can be no assurance that all of the funding conditions will be satisfied or that the proposed transaction will be consummated,” AirMedia in a statement.

Amendment No 4

In July, AirMedia Group Inc. (ADR) (NASDAQ:AMCN) entered into Amendment No 4 as part of a transaction which when complete will take the company private. Pursuant to the agreement, the Parent agreed to acquire all outstanding shares of the company not already owned by Mr. Man, Ms. Shao, and Mr. Xu.

The Buyer group also agreed to fund the transaction with proceeds from a loan facility provided by China Merchants Bank Co Ltd pursuant to a debt commitment letter dated Jul 31, 2017. The parties also agreed to increase the parent termination fee from $5.32 million to $10. 64 million.

AirMedia Group Inc. (ADR) (NASDAQ:AMCN) and its subsidiary have since agreed to facilitate the satisfaction of all funding conditions under the Debt Commitment Letter. The termination date of the Merger Agreement has been extended to December 31, 2017.

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: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Can Ceragon Networks Ltd (NASDAQ:CRNT) Push Past $2.20?

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) failed for the fourth time, since mid-August, to close above the $2.20 level. Volume was heavy for the day’s trading as over 1 million shares changed hands on a stock that has an average daily volume of under 360,000.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services globally. Ceragon’s offerings utilize microwave technology to transfer telecommunication traffic between base stations, and the core of the service provider’s network. Their clients include wireless service providers, public safety organizations, government agencies and utility companies

Over two months ago, its FibeAir IP-20 Platform was selected by a Southeast Asia wireless service provider to expand and modernize its nationwide 450MHz low-band high coverage CDMA network to a 4G-LTE network. Even so, the market did not move the shares higher – CDMA shares actually lost ground over the next three days.

CDMA Stock Performance

CDMA has a 52-week high of $4.23 and a 52-week low of $1.88.

Earnings have been erratic for the telecommunications firm. In 2012 the company lost (-$0.64) per share and followed that loss in 2013 with a loss of (-$1.23), and a loss of (-$1.22) in 2014. For 2015, the company posted a per share profit of $0.01 and last year that figure improved to $0.15.

Interestingly, the positive earnings trend comes alongside a decline in reported sales. In 2014 the posted sales figure was $371.1 million, followed by $349.4 million in 2015, and $293.6 million in 2016.

Three investment firms follow Ceragon Networks Ltd (NASDAQ:CRNT). Two rate CRNT shares as a “Hold”, while one rates the shares a “Buy”. Their consensus one-year price target is $2.50.

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.

Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!

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.

Payment Data Systems, Inc. (NASDAQ:PYDS)

Payment Data Systems, Inc. (NASDAQ:PYDS) Post Record Processing Activity

Payment Data Systems, Inc. (NASDAQ:PYDS)

San Antonio, TX-based Payment Data Systems, Inc. (NASDAQ:PYDS) stock rose over 80% after the payment processor announced that its transactions processing volumes for the third quarter of 2017 set an all-time record. PYDS stock closed at $2.59 on a volume figure that was over 150 times the listed daily average. Total dollars processed for the third quarter of 2017 exceeded $704.9 million.

Payment Data Systems, Inc. (NASDAQ:PYDS)

Louis Hoch, President and CEO of Payment Data Systems, stated, “The successful execution of our revenue growth plan is now yielding results. We are pleased at the dramatic growth in the credit card processing segment of our business, and are also pleased to see the growth in our ACH business as compared to second quarter’s downturn. We now have visibility into continued revenue growth throughout the rest of 2017 and for all of 2018.”

Payment Data Systems, Inc. (NASDAQ:PYDS) is an integrated payment solutions provider, and offers a wide range of payment solutions to merchants, billers, banks, service bureaus, and card issuers. The Company operates credit, debit/prepaid and ACH payment processing platforms to deliver convenient, world-class payment solutions and service to their clients.

One year ago, Payment Data Systems, Inc. (NASDAQ:PYDS) hot their 52-week high of $2.65 – $0.06 above today’s losing price. After that high was hit, PYDS shares slid over the next 6-8 months and established a new 52-week low of $1.17. Over the past year the shares have done well – up over 25%. Year-to-date they have performed even better – up 40%.

Analysts have given PYDS stock a consensus one-year price target of $8 even as the shares have been projected to post negative earnings of 20%.

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: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

LightPath Technologies, Inc. (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) Continues to Jet Higher

LightPath Technologies, Inc. (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) has recorded a new inter-day 52-week high, $4.10, on volume that is five times the listed daily average. While the broad market indexes are all pulling back, LPTH shares are on track to post a 27% gain in just the past week.

LightPath Technologies, Inc. (NASDAQ:LPTH)

Orlando, FL-based LightPath Technologies, Inc. (NASDAQ:LPTH) is a vertically integrated provider of optics, photonics and infrared solutions for the global industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support.

LPTH Stock Performance

Shareholders of LightPath Technologies, Inc. (NASDAQ:LPTH) have fared well in 2017. Year-to-date, LPTH shares are up over 143%. This high level of performance is also reflected in the stock’s Relative Strength Index (RSI) figure of 86. Many investors and traders believe a figure over 70 reflects an “overbought” condition in a security, however LPTH shares have been over 70 for at least a month and the market seems to believe that higher prices are justified by recent earnings which are up 300% over the previous year. Financial analysts are expecting earnings growth for next year to be around 22%.

In 2015, LightPath posted a per share loss of ($0.05) but followed that in 2016 with a profit of ($0.09) per share, and profit of ($0.39) in FY2017. Sales have followed a similar path. For 2014, LightPath Technologies, Inc. (NASDAQ:LPTH) reported sales of $11.8 million. That number increased every year and in FY2017 the number was $28.4 million.

Two investment firms follow LightPath Technologies, Inc. (NASDAQ:LPTH). Both rate the shares as a “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.

Don’t miss out! Stay informed on $LPTH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Micronet Enertec Technologies Inc (NASDAQ:MICT)

Micronet Enertec Technologies Inc (NASDAQ:MICT) Shares Have Strong Rebound

Micronet Enertec Technologies Inc (NASDAQ:MICT)

Micronet Enertec Technologies Inc (NASDAQ:MICT) shares are off their inter-day highs but are still up over 21% after the company announced that its wholly owned subsidiary received a $3.1 million order. The defense technology company has a $5.5 million market capitalization and observers believe this order might significantly strengthen the company’s earnings. In the last four months, Micronet has booked over $9,000,000 in orders received for their ELD solutions.

Micronet Enertec Technologies Inc (NASDAQ:MICT)

The $3.1 million purchase order is for the company’s recently released SmartHub-TREQr5 product. The SmartHub-TREQr5 is an Android on-board computer optimized for Internet of Things (IOT) and fleet management applications. SmartHub-TREQr5 improves efficiencies and safety for trucking and other fleet management operations.

David Lucatz, Chief Executive Officer of Micronet Enertec Technologies stated in a press release, “We believe that $9,000,000 in total orders in just four months clearly indicates the market’s growing demand for electronic logging device (ELD) products and, more importantly, Micronet’s power to design and deliver MRM technologies that optimally serve customers’ needs. We are pleased with the pace at which Micronet is closing on new sales and we look forward to shipping on this purchase order.”

In July of 2016, Micronet Enertec Technologies Inc (NASDAQ:MICT) shares briefly traded above the psychologically-important $2.50 level. Since then the shares have been sliding and permanently broke below the $1 per share threshold early this past summer. There have been several attempts for the stock to break above $1, but every rally met with strong selling.

Year-to-date MICT shares are down almost 50% and are down almost 25% over the past month. The company’s fundamentals match its stock performance. In 2013, Micronet Enertec Technologies Inc (NASDAQ:MICT) hit its high sales point of $35.6 million. By 2016, the company reported sales of just $22.7 million. Likewise, per share earnings have been on a similar slide. In 2012 Micronet posted a per share profit of $1.67. The next year the company posted a loss and the per share losses have been expanding ever since. For 2016 the per share loss was (-$0.97).

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.

Don’t miss out! Stay informed on $MICT and receive breaking news on other hot stocks by signing up for our free newsletter!

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.

Supercom Ltd (NASDAQ:SPCB)

New Highs for Supercom Ltd (NASDAQ:SPCB)

Supercom Ltd (NASDAQ:SPCB)

Buoyed by a Q3 profit of $614,000, shares of Israel-based Supercom Ltd (NASDAQ:SPCB) are up almost 50% in morning trading and hovering around the $4 handle. On a per-share basis, the company said it had net income of $0.04 cents. Earnings, adjusted for one-time gains and costs, were $0.11 cents per share. The traditional and digital identity solutions provider posted revenue of $9.6 million for the period.

Supercom Ltd (NASDAQ:SPCB)

Supercom Ltd (NASDAQ:SPCB) develops and commercializes security software that cover markets including personal identity, machine-to-machine, cyber security device, payment, and connectivity products. Their clients include governments, as well as private and public organizations worldwide. Supercom offers MAGNA, a common platform for ID registries, e-passports, biometric visas, automated fingerprint identification systems, digitized driver’s licenses, and electronic voter registration and election management. It also offers its proprietary PureRF suite – a service based on radio-frequency identification (RFID) tag technology that was designed to identify, locate, track, monitor, count, and protect people and objects.

SPCB Stock

Shareholders will welcome the dramatic increase in revenues. Reported sales have been declining from their 2014 high of $29.7 million and were just $20 million for 2016. Similarly, earnings have also been declining. In 2012, earnings per share were posted at $0.75. That number has decreased each year and for 2016 the company posted a per share loss of (-$0.93)

That decline in sales and earnings led to SPCB shares losing almost 20% year-to-date. Today’s price action, should it continue to stay around $4, will establish a new 52-week high, besting the old $3.98 previous high established at the beginning of the year. The one-year consensus price target for SPCB stock is $4.

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.

Don’t miss out! Stay informed on $SPCB and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Planet Payment Inc (NASDAQ:PLPM)

Planet Payment Inc (NASDAQ:PLPM) Acquired

Planet Payment Inc (NASDAQ:PLPM)

Planet Payment Inc (NASDAQ:PLPM) shares have gained two days in a row after eleven straight days of declines. Volume was especially heavy on Friday when the trading volume was almost 100 times the 30-day, daily average after an acquisition offer from the Fintrax Group was announced.

Planet Payment Inc (NASDAQ:PLPM)

Fintrax Acquisition Offer

For almost a year, PLPM shares have faced stiff resistance every time they close in on the $4.50 level. With that in mind, traders reacted quickly to the news that Planet Payment Inc (NASDAQ:PLPM) had agreed to be acquired at $4.50 per share by Fintrax Group, an Ireland-based, multi-currency digital payment processing service that caters to the tourist industry. Shares traded in a tight $0.19 range and closed at $4.47.

Long Beach, NY-based Planet Payment Inc (NASDAQ:PLPM) develops and commercializes online payment systems globally. The company’s systems provide a connection between the merchant, its bank, and the card association. Some of Planet Payment’s services include multi-currency processing services, such as Pay in Your Currency, a point-of-sale dynamic currency conversion service. The company also provides the Planet Payment Gateway, a service that provides domestic and multi-currency processing services, global consolidated reporting, data analytics, and commercial transaction services.

Opinion of the deal

Patrick Waldron, Chief Executive Officer of Fintrax Group said, “The acquisition of Planet Payment will expand our ability to serve global customers, particularly in the US, Canada, the Middle East, Latin America, China and South-east Asia. We look forward to working with Carl Williams and his team to grow the combined business.”

Almost immediately after the acquisition terms were announced, law firms questioned the deal and issued press releases announcing their intention to investigate possible breaches of fiduciary duties and other violations of law related to the Company’s entry into the acquisition agreement.

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.

Don’t miss out! Stay informed on $PLPM and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Schmitt Industries, Inc. (NASDAQ:SMIT)

Uncharacteristic Volatility for Schmitt Industries, Inc. (NASDAQ:SMIT)

Schmitt Industries, Inc. (NASDAQ:SMIT)

Shares of Schmitt Industries, Inc. (NASDAQ:SMIT) are down over 14% just a day after the scientific instrument company hit a new 52-week high. Yesterday, SMIT stock made a new high at $2.32 when investors continued to buy the stock after two previous days of uncharacteristic large daily gains.

Schmitt Industries, Inc. (NASDAQ:SMIT)

Schmitt Industries, Inc. (NASDAQ:SMIT) designs, manufactures, and sells high precision test and measurement products for two main business segments: the balancer segment and the measurement segment. For the Balancer segment, Schmitt designs, manufactures and sells computer-controlled vibration detection, balancing and process control systems for the machine tool industry, particularly for grinding machines. For the Measurement segment, Schmitt designs, manufactures, and sells laser and white light sensors for distance, dimensional and area measurements.

Schmitt Earnings

Almost three weeks ago, Schmitt Industries, Inc. (NASDAQ:SMIT) released its operating results for the quarter ended August 31, 2017. For the three months ended August 31, 2017, total sales increased $191,116, or 6.6%, to $3,083,648 from $2,892,532 in the three months ended August 31, 2016.  Net loss was $134,098, or (-$0.04) per fully diluted share, for the three months ended August 31, 2017 as compared to net loss of $125,629, or (-$0.04) per fully diluted share, for the three months ended August 31, 2016.

SMIT Share Performance

Despite relatively positive financial results, SMIT stock did not breech the $2 per share mark until this week – almost three weeks after the earnings release. However, shares have been performing well on virtually every level. Year-to-date SMIT shares are up over 36%. They are up over 43% for the year, and up almost 20% this month.

The lack of historical volatility in the shares is mirrored by the relatively flat sales over the last five years. In 2013, sales were posted at $12.5 million, and for FY2017 sales were posted at $12.4 million. The number of outstanding shares has been consistent over the past four years as well – 3 million shares. The blemish for shareholders has been a lac k of profits. For FY2017 the company posted a per share loss of (-$0.36). The prior year the per share loss was (-$0.51) and the year before that, 2014, the loss was (-$0.03). As of today, Schmitt Industries, Inc. (NASDAQ:SMIT) has a market capitalization under $10 and no investment firms follow the stock.

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.

Don’t miss out! Stay informed on $SMIT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

LightPath Technologies, Inc. (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) Hits 52-Week High

LightPath Technologies, Inc. (NASDAQ:LPTH)

LightPath Technologies, Inc. (NASDAQ:LPTH) spent the summer trading between $2.40 and $2.80 but since then the stock has had a definite upward trajectory. Today LPTH stock ended up almost 15% on a volume number that was over 25 times the daily average. Additionally, the heavy volume accompanied a new 52-week high of $3.41. A new high brought on by heavy volume is often believed to be a bullish signal on a stock.

LightPath Technologies, Inc. (NASDAQ:LPTH)

Orlando, FL-based LightPath Technologies, Inc. (NASDAQ:LPTH) is a vertically integrated provider of optics, photonics and infrared solutions for the global industrial, defense, telecommunications, testing and measurement, and medical industries. LightPath designs, manufactures, and distributes proprietary optical and infrared components including molded glass aspheric lenses and assemblies, infrared lenses and thermal imaging assemblies, fused fiber collimators, and gradient index GRADIUM® lenses. LightPath also offers custom optical assemblies, including full engineering design support.

LPTH Stock Analysis

Shareholders of LightPath Technologies, Inc. (NASDAQ:LPTH) have had reason to celebrate. Year-to-date, LPTH shares have more than doubled. This past week alone has seen a gain of over 16%. This high level of performance is also reflected in the stock’s Relative Strength Index figure of 79. Many investors and traders believe a figure over 70 reflects an “overbought” condition in a security.

In 2015, LightPath posted a per share loss of ($0.05) but followed that in 2016 with a profit of ($0.09) per share, and profit of ($0.39) in FY2017. Sales have followed a similar path. For 2014, LightPath Technologies, Inc. (NASDAQ:LPTH) reported sales of $11.8 million. That number increased every year and in FY2017 the number was $28.4 million.

Two investment firms follow LightPath Technologies, Inc. (NASDAQ:LPTH). One rates LPTH stock as a “Strong Buy”, while the other one rates the shares as a “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.

Don’t miss out! Stay informed on $LPTH and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Amedica Corporation (NASDAQ:AMDA)

Amedica Corporation (NASDAQ:AMDA) Rebounding?

Amedica Corporation (NASDAQ:AMDA)

Amedica Corporation (NASDAQ:AMDA) stock closed yesterday at $0.38, then rocketed up today to reach a high of $0.58 before retracing the upward move and closing at $0.48. Volume was heavy for the medical device company – over 15.5 million shares traded hands for a company that has a daily average volume of less than 300,000.

Amedica Corporation (NASDAQ:AMDA)

Amedica Corp Overview

Amedica Corporation (NASDAQ:AMDA), based in Salt Lake City, UT, develops and markets spinal fusion products for biomedical applications, such as wear- and corrosion-resistant hip and knee bearings, and dental implants. Amedica’s products are manufactured in its ISO 13485 certified manufacturing facility, and it has a partnership with Kyocera, one of the world’s largest ceramic manufacturers. Amedica’s FDA-cleared and CE-marked spine products are currently marketed globally through its distributor network, and OEM and private label partnerships.

On October 23, AMDA shares began the recent upward move after the company announced it would be making key podium presentations at the annual meeting of the North American Spine Society (NASS) from October 25th until the 27th, 2017, in Orlando, FL. At the 2017 NASS annual meeting spine care professionals from around the globe will share information on the latest innovative techniques, procedures, best practices, and new technologies.

AMDA Stock Performance

AMDA stock peeked above $0.50 today for the first time since January. While the shares are down for the year by over 37%, they have gained over 60% over the past month. Current levels are almost double their 52-week ow, but well off their 52-week high of $1.09.

Sales have been declining consistently over the past three years. In 2014, Amedica Corporation (NASDAQ:AMDA) reported $22.8 million in sales followed by $19.5 million in 2015, and $15.2 million in 2016. Shareholder losses have improved each year though – for 2016, the per share loss was (-$1.24), preceded by (-$5.50) in 2015, and (-$39.93) in 2014.

The lobe investment form that follows Amedica Corporation (NASDAQ:AMDA) rates the shares 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.

Don’t miss out! Stay informed on $AMDA and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.