Yahoo and Sunedison are stocks to watch out for this trading week. Both have received strong buy rating from popular analysts, who are watching the market closely. It is important to touch upon the market performance for the stocks of both these companies to understand the implicit reason behind the strong buy rating.
Yahoo Inc (NASDAQ:YHOO) has achieved a 52 week low and 52 week high of $27.20 and $52.62 respectively. The firm has received a mean estimate of $0.09 EPS by the analysts. The firm opened at $33.64 on Friday, and achieved a high of $33.86 before closing at $33.37. It slipped by 0.11 points at the market on Friday. There was a surge in the stock prices on Friday, after the release of the secure Yahoo mail app. Yahoo is expected to report its quarterly earnings for the third quarter on Tuesday 20th October, soon after the markets close for the day. The analysts are expecting profits in the Q3 earnings to be reported. They are estimating a gain of 17 cents a share on the revenue $1.26 Bn earned in the last quarter.
The firm has received a 52 week high and 52 week low of $27.2 and $52.62 respectively. The 50 day moving average for the stocks has been recorded at $31.12 which means the stocks have gained by 7.23%. The market capitalization as recorded by the firm is $541.75 Mn. and the current EPS is recorded at $7.2.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Sunedison Inc (NYSE:SUNE), on the other hand opened at $9.28 and achieved a high of $9.4 before closing at $9.02 on Friday. The firm has recorded a 52 week high and 52 week low of $6.56 and $33.45 respectively. The 50 day moving average for the firm has been recorded at $9.88. There has been a -0.86 point change, which resorts to -8.73% change in the 50 day moving average recorded recently as against the same recorded some time back.
The firm has reported a market capitalization of $2.84 Bn, and the earnings per share were -4.19. According to wall street analysts, the firm’s earning per share received a mean estimate of $-0.27. The highest and lowest earning per share for the firm has been estimated at $-0.18 and $-0.41 respectively. The consensus estimate for quarterly sales is 403.77. The company traded an average volume of 35090200 shares during the past week. The overall rating for the firm is recorded at 1.47. The firm is all set to launch a new power project, which has positive effect on the firm’s shares.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market.
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