Are These Two Long Term Investment Opportunities? XenoPort Inc (XNPT) and Solar3D Inc (SLTD)
New York, NY – GDP INSIDER – 03/25/2015.
This article discusses two companies: XenoPort Inc (NASDAQ:XNPT) and Solar3D Inc (NASDAQ:SLTD)
XenoPort Inc (NASDAQ:XNPT) bounced back slightly yesterday with the stock gaining 0.38% or $0.03 to close at $7.90 on active trading of 0.934 million shares, compared to its three month average trading volume of 0.730 million. The biopharmaceutical company focused on developing potential treatments for neurological disorders has been fluctuating over the last three months, with the stock trading between $6.62 and $8.80 with a long flat period coming after the company issued uninspiring fourth quarter and full year results in February. Overall, over the last 52 weeks the stock has been performing well, as the share price has increased 35.96%, far outperforming the S&P 500 which is only up 12.05% for the same period. If the stock can maintain its recent gradual climb it could be have a chance of making its one year target estimate of $10.67 and with a bullish converging MACD the stock is a hold and potential buy at this time.
Solar3D Inc (NASDAQ:SLTD) posted significant gains yesterday with the stock climbing 15.19% or $0.55 to close at $4.17 with more than 1.203 million shares trading hands, compared to its three month average trading volume of 0.158 million. The developer of proprietary solar cells and provider of solar power solutions began to rally yesterday, as investors chose solar power stocks as the flavor of the day, with most companies in the sector posting significant gains. Solar3D Inc has been making big gains since the beginning of the month and the stock is now up over 2,257% since middle of February when the company performed a 1 for 26 reverse stock split, in order to prepare for its up-listing to a senior exchange. With the company now in a bullish MACD crossover and solar becoming more popular, it is likely that the stock will continue to rise in the near term making it a good hold and medium to long term buy.
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