Are These Companies Back In Favor? Smith & Wesson Holding Corp (SWHC), Iridium Communications Inc (IRDM) and Gevo Inc (GEVO)
New York, NY – GDP INSIDER – 05/04/2014.
This article discusses three companies: Smith & Wesson Holding Corp (NASDAQ:SWHC), Iridium Communications Inc (NASDAQ:IRDM) and Gevo Inc (NASDAQ:GEVO)
Smith & Wesson Holding Corp (NASDAQ:SWHC) enjoyed a minuscule gain of 0.61% on Friday with the stock closing up at $14.96 on lower than average trading volume of 0.998 million, compared to its three month average trading volume of 1.08 million. The US-based manufacturer of firearms is now trading 9.42% above its 50 day moving average of $13.72 and 29.18% above its 200 day moving average of $11.59. Smith & Wesson Holding Corp has been performing well with the stock up 57% for the year so far, outstripping the S&P 500 which has gained only 2.40% over the same period.
Iridium Communications Inc (NASDAQ:IRDM) also saw a minuscule gain of 0.69% to finish the trading session on Friday at $10.24 on light trading volume of 1.013 million, compared to its three month average trading volume of 1.13 million. The mobile voice and data low orbit satellite communications provider has been bouncing between $8.42 and $10.94 for the last three months but has been steadily climbing overall for the last 52 weeks with the stock up 20.33% for the period. The company is also enjoying strong quick ratio of 5.30, current ratio of 5.60, a one year target estimate of $13, making it a good hold and potential medium to long term buy.
Gevo Inc (NASDAQ:GEVO) declined Friday with the stock losing 1.99% or $0.05 to close at $2.46 on very slow trading of 0.180 million shares, compared to its three month average trading volume of 0.427 million. The renewable chemical and next generation bio-fuels company has been fluctuating between $1.32 and $16.95 for the last one year and has been significantly underperforming the S&P 500 so far this year, down 48.75% compared to the index which is up 2.40% over the same period. With RSI of 42.42 and one year target price estimate of $22.50, the stock has plenty of upside potential making it a hold.
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