A Mixed Bag Of Potential Investment? Hornbeck Offshore Services, Inc. (HOS), Accelerate Diagnostics Inc (AXDX) and U.S. Bancorp (USB)
New York, NY – GDP INSIDER – 05/01/2014.
This article discusses three companies: Hornbeck Offshore Services, Inc. (NYSE:HOS), Accelerate Diagnostics Inc (NASDAQ: AXDX) and U.S. Bancorp (NYSE:USB)
Hornbeck Offshore Services, Inc. (NYSE:HOS) surged during yesterday’s trading with the stock gaining 11.95% or $2.44 to finish the day at a closing price of $22.85 on higher than average trading volume of 5.360 million, compared to its three month average trading volume of 1.06 million. The US based marine transportation services provider began to climb yesterday after it announced its 1Q 2015 financial results and topped market consensus expectations. The company reported earnings of $0.42 per share, beating analysts’ estimate of $0.28 per share by 12 cents. Hornbeck Offshore Services, Inc is in good position with P/E of 9.56 and quick ratio of 4.60, making it a long term investment.
Accelerate Diagnostics Inc (NASDAQ: AXDX) closed down 3.35% or $0.79 at $22.80 on below average trading volume of 0.193 million shares compared to its three month average of 0.196 million shares. Despite the drop, the stock is holding well above its 50 day average of $21.12 as well as its 200 day average of $20.58. Accelerate Diagnostics Inc. has mixed fundamentals with a very strong current ratio of 24.00 and quarterly year on year revenue growth of 558.30% but weak EPS of $-0.71 and negative net income of -30.63 million. At this price however, it does have potential for growth.
U.S. Bancorp (NYSE:USB) declined yesterday with the stock declining 0.26% or $0.11 to finish the day at a closing price of $42.87 with more than 6.46 million shares changing hands compared with its 30 day average trading volume of 6.42 million. The US based multi state financial services holding company is currently situated 13.77% above its 52 week low of $37.68 and 6.17% below its 52 week low of $45.69. The RSI of 44.41 indicates the stock is not overvalued at the current levels, the MFI of 42.02 shows the money is flowing in the right direction, making it a hold.
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