Between Sungy Mobile Ltd (GOMO) and Coronado Biosciences Inc (CNDO), Which Is The Better Opportunity?
New York, NY – GDP INSIDER – 03/20/2015.
This article discusses two companies: Sungy Mobile Ltd (NASDAQ:GOMO) and Coronado Biosciences Inc (NASDAQ:CNDO)
Sungy Mobile Ltd (NASDAQ:GOMO) plummeted 21.86% or $1.08 to close at $3.86 yesterday with more than 0.513 million shares changing hands, compared to its three month average volume of 0.054 million. The provider of mobile internet products and services began to drop after it announced its fourth quarter and full year financial results which missed market consensus expectations. Sungy Mobile Ltd’s fourth quarter revenue fell to $5.9 million from $8.25 million for the same period last year and gross margin continued to decline to 59.3% from 75.1% a year ago. The company also issued lower than expected forecasts for the next quarter, with revenue expected to be between $6.7 million and $7.4 million compared to $15.6 million for Q1 2014. Unless Sungy Mobile Ltd can reverse this trend, the company will struggle to make its one year target estimate of $5.65, making the stock a sell at this time.
Coronado Biosciences Inc (NASDAQ:CNDO) powered ahead yesterday with the stock surging 30.75% or $0.99 to close at $4.21 on very heavy trading of 24.491 million shares, compared to its three month average trading volume of 0.350 million. The auto-immune treatment developer made the gains after it announced that it had signed an exclusive agreement with NeuPharma Inc to develop and commercialize a new irreversible EGFR inhibitor that will be marketed worldwide, apart from Asia. The new inhibitors should provide some relief to small cell lung cancer sufferers and pave the way for future collaborations. Coronado Biosciences Inc is now up 83.04% for the year so far, outstripping the S&P 500 which is only up 1.48% for the same period. With the BioSciences sector already the newest darling of Wall Street, this stock in particular has the potential to be a good medium to long term investment, making it a buy at this time.
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