Will It Be Wise To Invest In NeoStem Inc (NBS), Chemtura Corp (CHMT) and Parsley Energy Inc (PE)?
New York, NY – GDP INSIDER – 05/05/2014.
This article discusses three companies: NeoStem Inc (NASDAQ:NBS), Chemtura Corp (NYSE:CHMT) and Parsley Energy Inc (NYSE:PE)
NeoStem Inc (NASDAQ:NBS) climbed yesterday with the stock gaining 1.08% or $0.03 to close at $2.82 on light trading of 0.264 million shares, compared to its three month average trading volume of 0.368 million. The developer of cellular therapies to repair damaged tissue, cells and organs has been declining since the middle of March, and is now down 25.20% year to date. With quarterly revenue growth of 29.30% and one year price target estimate of $18.17, the stock is starting to look undervalued and may be worth a speculative buy, but is a hold for now.
Chemtura Corp (NYSE:CHMT) continued to decline yesterday to close down 0.72% or $0.22 to finish the day at a closing price of $30.31 on light trading volume of 0.618 million, compared to its three month average trading volume of 0.754 million. The plastic additive and chemical producer has been enjoying relatively steady gains for the last month and the stock has now gained 22.56% so far this year, outperforming the S&P 500 which is only up 2.70% over the same period. With RSI of 67.34 the stock is near the top of its normal range, better to hold or profit-take for now.
Parsley Energy Inc (NYSE:PE) continued its recent upward trend with the stock closing up 2.02% or $0.34 to finish the day at a closing price of $17.18 on lower than average trading volume of 1.428 million, compared to its three month average trading volume of 1.74 million. The independent oil and natural gas company has been underperforming the S&P 500 over the last one month, with the stock down 1.55% compared to the index, which has gained 1.63% over the same period. With an RSI of 58 and quarterly revenue growth of 91.90% year on year, the stock is all set to achieve or exceed its one year price target estimate of $19.33.
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