Varying Results For Vape Holdings Inc.(VAPE), Goodrich Petroleum Corporation (GDP) and Geron Corporation (GERN)
New York, NY – GDP INSIDER – 02/17/2015.
This article discusses three companies: VAPE HOLDINGS INC(OTCMKTS:VAPE), Goodrich Petroleum Corporation(NYSE:GDP) and Geron Corporation(NASDAQ:GERN)
VAPE HOLDINGS INC(OTCMKTS:VAPE) is specialized in legal cannabis products and like most companies within this industry at the moment is in a holding pattern ahead of changes in legislation. Vape had strong earnings growth in Q3 but its EPS is still negative 3.2. The shares are currently trading below its 50 day average of $0.79 and 200 days average of $1.34. Vape needs to maintain strong earning as its current ratio is 0.94 with low cash reserves. The stock is unlikely to go much lower so it is worthwhile to hold the stock.
Goodrich Petroleum Corporation(NYSE:GDP) closed up 2.51% on Friday at $3.67. As an oil and gas producer, Goodrich share price tends to move with the price of oil making it a risky investment at the moment. The Texas-based company’s shares are trading above its 50 day average of $3.23 and well below the 200 day average of $10.27. Diluted EPS is $-4.1 but predicted to improve next year to $-2.0.Sales have been growing about 2% for the last 3 consecutive quarters and Q4 results are due on February 27 making this a short term hold.
Geron Corporation(NASDAQ:GERN) has been having a difficult year with sales and earnings down in Q2 and Q3. The stock closed on Friday with no change at $3.03 just below its 50 day average of $3.18 but well above the 200 days average of $2.72. Like many biopharmaceutical companies, the stock has long periods of low trading volumes while drugs are in development. EPS is $-0.25 but the company has good cash reserves with a quick ratio of 8.84. The achievable 1 year target estimate is $4.63 making this a good stock to buy long term.
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