Small Caps Moving Up: NeoGenomics, Inc. (NASDAQ:NEO), Silvercorp Metals Inc. (USA) (NYSE:SVM)

Posted by Chris Bell May 22, 2013 0 Comment 1228 views


Northern, WI 05/22/2013 (GDPInsider) – NeoGenomics, Inc. (NASDAQ:NEO) had a strong start to the trading day today, opening at 3.59, 0.05 cents above its previous close of 3.54. The stock closed up 4.52% in today’s session. NEO had a range today of 3.56 and 3.74 with volume 100.36K, 53.97% below average volume of 218.05K. The stock continued on its marginal uptrend and closed 0.50% above its 20-day simple moving average. NEO has been showing small signs of an upward momentum, recovering from its marked decline at the start of May. The technical chart shows a slightly upward climb consistent with the stock’s SMA20.

NEO is coming off reports of its Q1 revenue results which saw the company recording Q1 fiscal revenues of $15.7 million. NEO also reported an increase in Test Volume growth of 19% and the successful completion of a $10 million equity raise.

The company is trading up 138.71% on its 52-week low of 1.55 and analysts have set a target price of 4.75 for the stock. NEO has a RSI of 50.44 indicating ample leg room to support its upward momentum.

Is NEO a solid investment at these levels? Get exclusive data and trends here.

Silvercorp Metals Inc. (USA) (NYSE:SVM) opened trading today at 2.71 and had a range of 2.66 and 2.82 throughout the day. Market valuation saw the stock gain 4.17% at close after trading on volume of 1,124,749 shares. SVM is recovering from its recent dip below its second support level of 2.58. The stock is trading 59.55% below its 52-week high of 6.80 and 10.89% above its 52-week low of 2.48.

SVM released its financial and operating results for the fourth quarter and its fiscal year ended March 31, 2013. This report disclosed several key data for Q4, including sales of $33.1 million as well as the payment of a quarterly dividend to shareholders of $4.3 million. SVM reported silver production during the period of 0.94 million ounces.

Over the course of SVM fiscal year the company saw sales of $181.6 million. This came on the back of silver production of 4.97 million ounces and gold production of 12,457 ounces.

SVM is trading 2.34% below its SMA20 and 13.76% below its SMA50. The stock has a RSI of 45.31 and a target price of 6.74.

How Should Investors Trade SVM Now? Get exclusive insights and updates here.

 

 

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About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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