Are These Stocks Strong Investment Options? Spherix Inc(NASDAQ:SPEX) and Hemipsherx Biopharma, Inc(NYSEMKT:HEB)
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Spherix Inc(NASDAQ:SPEX) suffered a 4.68% decrease in value during Friday’s trading as the stock fell eight cents. With a new closing price of just $1.63, the Virginia-based intellectual property company is now situated just $0.44 above its 52 week low of $1.19. The stock has closed within a range of $1.34 to $3.46 over the past three months.
On Aug. 13th, 2014, Spherix filed a disappointing quarterly report. The company announced a net loss of $11.6 million, a 1,189% increase from its figure of $0.9 million reported during the second quarter of the 2013 fiscal year. That being said, Spherix also reported a 1,560% increase in cash acquired through financing activities. The company made a 10,000,000 share stock offering on June 2nd, 2014.
Hemispherx Biopharma, Inc(NYSEMKT:HEB) fell $0.016 to a closing price of $0.270, a 5.59% decrease in value from the previous closing price. The stock, which has traded within a range of $0.19 to $0.55 over the past 52 weeks, has a market capitalization of $51.3 million and 190 million shares.
On the morning of Aug. 11th, Hemipsherx announced its financial results for the six months that ended June 30th, 2014. The company reported a net loss of $0.05 per share, which was mark the company also recorded for the same period during the 2013 fiscal year. The Pennsylvania-based specialty pharmaceutical company’s value has not been strongly affected by the results, as the stock maintained its previous closing price of $0.28 on the day of the announcement. Since that day, the stock has closed within a range of $0.27 to $0.29.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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