Which Is Better? Camac Energy Inc (CAK) and Castlight Health Inc (CSLT)
New York, NY – GDP INSIDER – 04/03/2015.
This article discusses two companies: Camac Energy Inc (NYSEMKT:CAK) and Castlight Health Inc (NYSE:CSLT)
Camac Energy Inc (NYSEMKT:CAK) soared 20.80% or $0.1119 yesterday with the stock closing up at $0.65 on very active trading of 1.961 million shares, more than four times its normal trading volume. The developer and producer of oil and natural gas began to rapidly climb after it announced that it had completed operations on the Oyo-8 well, an offshore oil rig located by Nigeria, and is now ready to commence producing oil. Production is, however, going to be delayed by two weeks, as the entire operation is still subject to inspection by the American Bureau of Shipping. Despite the delay, the completion of the preparatory operations means that the resources to develop the site can now be allocated to prepare Oyo-6 for oil production. The boost yesterday has now pushed the stock price up 75.68% YTD and RSI to 75.38. With the delays the stock will likely fall in the near term making it a sell at this time.
Castlight Health Inc (NYSE:CSLT) continued to fluctuate yesterday, with the stock gaining 2.40% or $0.18 to close at $7.68 with more than 1.234 million shares changing hands, compared to its three month average trading volume of 0.767 million. The healthcare information technology solutions provider has been trading between $7.07 and $9.41 for the last month and although the stock is down 34.35% so far this year, it is still trading within quite a wide range. Overall, the company is performing fairly well at the moment with strong quarterly revenue growth of 182.30% year on year and a current ratio of 5.25. Despite relatively low EPS of -$1.16 Castlight Health Inc still has a one year target estimate of $11.17 giving it good investment potential. Despite the positives, the stock just passed a bearish MACD crossover and with RSI of 44.59 could go either way. Better to avoid this stock until it stabilizes, rather than buy.
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