2 Stocks At Opposite Ends Of the Scale? Global Cash Access Holdings, Inc. (GCA) and Inphi Corporation (IPHI)
New York, NY – GDP INSIDER – 05/07/2014.
This article discusses three companies: Global Cash Access Holdings, Inc. (NYSE:GCA) and Inphi Corporation (NYSE:IPHI)
Global Cash Access Holdings, Inc. (NYSE:GCA) continued to climb yesterday with the stock gaining $0.46 or 6.28% to finish the day at a closing price of $7.78 on higher than average trading volume of 0.769 million, compared to its three month average trading volume of 0.625 million. The company reported its 1Q15 earnings after market close on May 5. It posted earnings per share of $0.22, which met Street’s expectations. However, the company posted revenue of $207.5 million, which missed analysts’ estimates of $207.9 million by $0.4 million. The shares are up by 18.96% over the past one year but are down over 0.4% in the past one week. The 52-week range is $6.04 to $9.29. The technical indicators are not pointing to move in the stock one way or the other. However, with RSI of 53.25 and its MACD starting to converge, the stock looks like it has now found its new trading level and may climb further, making it a definite hold.
Inphi Corporation (NYSE:IPHI) recovered yesterday with the stock closing up 5.76% or $1.17 to finish the day at $21.48 with more than 0.722 million shares changing hands, compared to its three month average trading volume of 0.509 million and remained towards the upper end of its one year range of $12.41 to $21.81. The current climb was witnessed after analysts at ROTH Capital initiated their coverage on the stock with a ‘buy’ rating and set their price target at $25 per share. The stock has been on a rollercoaster ride over the last three months with the stock trading between $17.25 and $21.81. Overall, the stock has been performing well over the last 52 weeks as the share price has increased over 50%, far outperforming the S&P 500 which is only up 10.90% for the same period. If the stock can maintain its recent gradual climb, it could have a chance of making its one year target estimate of $22.68 and with a diverging MACD, the stock is a long term hold or a potential buy at this time.
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