Rebounding Stocks: SemiLEDs Corporation (NASDAQ:LEDS), Velti Plc (NASDAQ:VELT), Cell Therapeutics Inc. (NASDAQ:CTIC)
Northern, WI 04/29/2013 (GDPInsider) – Velti Plc (NASDAQ:VELT) opened the day’s trading at $2.03 and is presently trading up 1.22%. The stock has a range of $2.03 – $2.13 and is up 34.64% on its 52-week low of $1.53. EPS this year is expected to rise by 33.40%, while EPS for 2014 is expected to rise by 26.70%. Velti Plc announced on the 25 April 2013, that it has entered into a two-year mobile interactivity partnership with Bauer Media Group UK. The partnership will see Velti managing all the mobile interactivity, as well as promotion and marketing for the 43 radio stations currently operated by Bauer Media Group. Analysts have set a target price of $3.72 for VELT and the stock currently has a RSI of 48.69.
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Cell Therapeutics Inc. (NASDAQ:CTIC) opened trading at $1.17 and is up 0.96% on trading volume of 582.98K. The stock’s range is $1.15 – $1.19 and is currently trading below the target price set of $4.00. The stock is down 82.67% on its 52-week high of $6.75 but up 14.71% on its 52-week low of $1.02. CTIC is trading 5.17% above its 20-day simple moving average but down 3.53% on its 50-day moving average. There are 109.81 million shares outstanding and insider transactions are up 75.08%. Insiders own 5.50% of the stock whilst 21.03% of the stock is owned by institutions. EPS next year is expected to rise by 78.80% and the stock has a present RSI of 52.08.
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SemiLEDs Corporation (NASDAQ:LEDS) opened trading at $1.75 after a previous close of $1.91. The stock is presently trading up 5.11% and has a range of $1.72 and $1.97. Volume is 991.01K and the company has a market cap of $51.78 million. Demand for LED lighting is tipped to rise, especially in Taiwan. SemiLEDs Corporation has a target price of $2.88 and EPS is expected to rise next year by 55.60%. The stock is up 75.49% on its 50-day simple moving average and also up 47.41% on its 20-day simple moving average. With a RSI of 72.42 the stock is overbought but LEDS is up 218.17% on its 52-week low of $0.60.
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