Which Is The Best Bet? Dynavax Technologies Corporation (DVAX), Midway Gold Corp (MDW) and RMG Networks Holding Corporation (RMGN)
New York, NY – GDP INSIDER – 05/15/2014.
This article discusses three companies: Dynavax Technologies Corporation (NASDAQ:DVAX), Midway Gold Corp (USA) (NYSEMKT:MDW) and RMG Networks Holding Corporation (NASDAQ:RMGN)
Dynavax Technologies Corporation (NASDAQ:DVAX) continued to climb yesterday with the stock closing up 1.24% or $0.25 on light trading volume of 0.166 million, compared to its three month average trading volume of 0.436 million. The stock has been performing well over the last one year with the stock gaining 55.73%, compared to the S&P 500 which is up 12.95% over the period. The clinical-stage biopharmaceutical company, which focuses on the treatment of infectious and inflammatory diseases, has good fundamentals and a very strong quick ratio of 6.30 as well as one year price target estimate of $38.20, making it potentially a very good buy if bought at the right time.
Midway Gold Corp (USA) (NYSEMKT:MDW) continued to decline yesterday with the stock hitting a new one year low of $0.13 before recovering to $0.135 by the end of trading, down 16% or $0.025 with more than 4.23 million shares changing hands compared to its 30 day average trading volume of 1.12 million. The stocks started to drop after analysts at RBC Capital Mkts downgraded their rating on the shares of Midway Gold Corp from ‘outperform’ to ‘underperform’ and lowered their price target from $1.75 to $0.40 per share on May 12. This huge drop has pushed the RSI to 18.59 giving the stock very good investment potential at this price.
RMG Networks Holding Corporation (NASDAQ:RMGN) suffered a decline yesterday as the stock loss $0.21 to finish the day at $1.45, a 12.65% decline in value from its previous closing price of $1.66 on light trading volume of 0.261 million compared with its three month average trading volume of 0.648 million. The communications solutions provider has been trading well since the beginning of the year with the stock gaining16%, compared to the S&P 500 wihcih has gained only 3% for the period. However, with RSI of 47.07 and bearish MACD divergence, the stock may continue to fall in the near term. At this time, it is a risky buying opportunity, but one that may be worth it over the medium term.
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