Stocks Worth Owning? EVINE Live Inc (EVLV) and Kearny Financial Corp. (KRNY)
New York, NY – GDP INSIDER – 05/21/2015.
This article discusses three companies: EVINE Live Inc (NASDAQ:EVLV) and Kearny Financial Corp. (NASDAQ:KRNY)
EVINE Live Inc (NASDAQ:EVLV) plunged yesterday with the stock hitting a new one year low of $3.10 before recovering to $3.65 by the end of trading, down 35% or $1.98 with more than 5.39 million shares changing hands, compared to its three month average trading volume of 0.216 million. The stock started to decline after digital commerce company missed analysts’ estimates in first quarter financial results. The company reported a loss of $0.04 per share, which missed analysts’ estimates of a profit of $0.03 per share. Revenue for the first quarter fell 1% year over year to $158.5 million, compared to revenue of $159.7 million for the same quarter of fiscal 2014, missing analysts’ estimates of $164.56 million by $6.06 million for the quarter. Overall, the stock is down 44.61% since the beginning of the year and has been vastly underperforming the S&P 500 which is up over 3% over the same period. With the stock now down 36.52% over the last five days and RSI at 12.60, it is starting to look like a very good potential purchase for the medium term, making it a buy at this time.
Kearny Financial Corp. (NASDAQ:KRNY) climbed slightly yesterday as the stock gained eight cents to finish the day at $10.80, a 0.75% increase in value from its previous closing price with more than 4.097 million shares changing hands, compared to its three month average trading volume of 0.455 million. The holding company for a Federally Chartered stock savings bank has been trading within a wide range of between $10.65 and $14.90 for the last one month, with no strong indicators that it is likely to break out at the moment. The stock has been underperforming the S&P 500 so far this year, with the share price down over 22% compared to the S&P 500 which is up 3.25% for the same period. The stock may be oversold as indicated by the MACD. The divergence is currently -0.092 which is a level that may be considered oversold. In addition, the RSI is at towards the bottom end of the normal range and close to levels that would also start to signal a reversal. The RSI is 23.99 and declining.. Hold.
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