Affymax Inc. (NASDAQ:AFFY) up by 31.94%, Heckmann Corporation (NYSE:HEK)

Posted by Lynn Eisler May 9, 2013 0 Comment 2926 views


Hartford, CT 05/09/2013 (GDPInsider) – Affymax Inc. (NASDAQ:AFFY) escalated 31.94% to $1.90. Its opening share price was $1.60 as compared to the previous days share closing price of $1.44. The stock rose to an intraday high of $1.86 and dipped to an intraday low of $1.45. Shares in excess of 9.65 million were traded in today’s trading session as compared to the average trading volume of 4.41 million which is calculated over a period of thirty days. The market cap of the stock at current levels is $68.88 million and beta is 1.00 which is calculated from the movement of the stock in comparison to the index. The analysts are targeting a price of about $4.75, thus there is further room for the stock to rise. The short float percentage in the company’s stock is 42.51% and the short ratio is 1.91. The price of the stock is 87.96% above its 20 days simple moving average of $1.02.

The trades are speculating that the stock will reverse from its bottom; the stock was amongst the most active stocks traded in today’s trading session.

Is AFFY a solid investment at these levels? Get valuable updates and exclusive insights here.

Heckmann Corporation (NYSE:HEK) tumbled 1.91% to $3.60. Its opening share price was $3.45 as compared to the previous days share closing price of $3.67. The stock rose to an intraday high of $3.60 and dipped to an intraday low of $3.40. Shares in excess of 1.77 million were traded in today’s trading session as compared to the average trading volume of 2.48 million which is calculated over a period of thirty days. The market cap of the stock at current levels is $924.33 million and beta is 0.81 which is calculated from the movement of the stock in comparison to the index. The analysts are targeting a price of about $4.43, thus there is further room for the stock to rise. The short float percentage in the company’s stock is 34.27% and the short ratio is 14.25. The price of the stock is 7.11% below its 20 days simple moving average of $3.78.

The company reported its 1Q2013 results where it reported a net loss of $12.6 million or $0.05 per share as compared to a net loss of $3.9 million of $0.03 per share in 1Q2012. The revenues tripled to $159.5 million from $55.0 million in 1Q2012.

Heckmann reiterated its full-year 2013 outlook of revenues in range of $750M and $825M. Analysts latest expect earnings of $766.82 million for the year.

Global Hunter Securities downgraded the stock to a sell rating from neutral rating and are now targeting a price of $2.50 as compared to their previous target of $3.50.

How Should Investors Trade HEK Now? Get the latest trends and data here.

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About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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