Two Stocks On the Move: Tranzyme Inc. (NASDAQ:TZYM), FreeSeas Inc. (NASDAQ:FREE)
Northern, WI 04/22/2013 (GDPInsider) – Tranzyme Inc. (NASDAQ:TZYM) opened at $0.47 and quickly shut up in the day’s trading session. The company which operates at the clinical stage of bio-pharmaceuticals is currently up 20.45% and a few analysts have upgraded the stock. Presently the day’s trading range is $0.44 and $0.55 and this puts the stock a solid 30.12% up its 52-week trading low. The stock is down 89.91% on its 52-week high and the day’s trading volume is 1.55 million shares. There’s little indication of what is driving the breakout but insider ownership of the stock is presently 43.74%. 27.60 million shares are outstanding and 56.51% of shares in Tranzyme is owned by institutions.
The technical chart for the stock has been relatively flat for the last three months but the stock is currently trading 1.74% above its 50-day moving average. EPS is expected to jump by 84.60% next year and present EPS quarter on quarter is up 39.59%. The company’s relatively small market cap of $12.14 million is consistent with its size and there are currently 47 employees working at the bio-pharmaceutical company.
Is TZYM a solid investment at these levels? Get valuable updates and exclusive insights here.
FreeSeas Inc. (NASDAQ:FREE) is up 2.80% in today’s trading having opened at $1.11. Presently the stock has a trading range of $1.07 and $1.29 on the day and the morning’s open was up $0.04 on the previous close of $1.07. The technical chart for FreeSeas Inc. shows a downward slope beginning in January 2013 but the stock has been steady for most of April. The stock is down 21.34% on its 50-day moving average and also down 51.27%. The current market cap for FREE is $6.96 million and sales currently $21.27 million. EPS prediction is trending downwards and analysts expect a drop of 293.49 for this year’s operations. The stock has shown a steady upward spike since the company regained compliance with NASDAQ’s minimum closing bid. The Dry Bulk industry itself is tipped by many analysts to wane and although the Baltic Index shot up to 1,100 points last November, things have been slow since. Much of the Dry Bulk trading is tied to exports coming out of China so it will be interesting to see how FREE’s stock responds to Chinese trade announcements in the coming months.
How Should Investors Trade FREE Now? Get the latest trends and data here.