Will These Stocks Bounce Back? Vaalco Energy Inc (EGY), Perseon Corp (PRSN) and Pandora Media Inc (P)
New York, NY – GDP INSIDER – 05/04/2014.
This article discusses three companies: Vaalco Energy Inc (NYSE:EGY), Perseon Corp (NASDAQ:PRSN) and Pandora Media Inc (NYSE:P)
Vaalco Energy Inc (NYSE:EGY) declined during its last trading session with the stock closing down6.88% or $0.17 at $2.30 on higher than average trading of 1.543 million shares, compared to its three month average trading volume of 1.50 million. The independent oil and natural gas developer and producer has been declining since the middle of February and is now down 50% for the year so far compared to the S&P 500 which is up 2.40% for the same period. Vaalco Energy Inc is getting hit hard by the decline in oil prices and with RSI of 32, it is still a sell or risky hold.
Perseon Corp (NASDAQ:PRSN) declined on Friday with the stock losing 3.50% or $0.01 to close at $0.35, on light trading of 0.132 million shares, compared to its three month average trading volume of 0.298 million. The stock has been declining for most of the last 52 weeks and is now down 43.55% YTD, underperforming the S&P 500 which has lost only 0.34% over the same period. With quarterly revenue growth falling 36.30% year on year and diluted EPS of -$0.25 the fundamentals are not especially strong, but with a current ratio of 4.30, it has plenty of liquidity at the moment, hold for now.
Pandora Media Inc (NYSE:P) lost $0.28 to finish the day at a closing price of $17.56, a 1.57% decrease in value from its previous closing price on lower than average trading volume of 5.142 million, compared to its three month average trading volume of 6.92 million. The internet radio services provider in the United States has been trading within a range of $14.50 to $30.48 over the past 52 weeks. Pandora Media Inc has mixed fundamentals with a strong current ratio of 3.40 and quarterly year on year revenue growth of 18.80% but weak EPS of $-0.24. At this price however, it does have potential for growth.
About Ultimate Stock Alerts
UltimateStockAlerts.com covers NASDAQ and NYSE listed companies that are overlooked by Wall Street. Investors can choose to receive trading strategies via text message (SMS) or email. To receive free text message alerts text the word ULTIMATE to 555888 from your cell phone. For more information visit www.UltimateStockAlerts.com
Disclosure: UltimateStockAlerts.com is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit www.UltimateStockAlerts.com website, for complete risks and disclosures.