Insights about U.S. Stocks that landed in the Red-Zone during Tuesday’s trade, are depicted underneath:
Senomyx Inc (NASDAQ:SNMX)’s shares dwindled -6.37%, and closed at $4.56, hitting new 52-week low of $4.49, during the last trading session.
Senomyx Inc. (SNMX), a leading corporation using proprietary taste science technologies to discover, develop, and commercialize novel flavor ingredients for the food, beverage, and ingredient supply industries, formerly on February 26, stated financial results for the fourth quarter and full year ended December 31, 2014. Total proceeds for the full year 2014 were $27.7 million and the Corporation ended 2014 with $28.7 million in cash and highly liquid investments.
2014 Financial Results:
Development proceeds were $21.8 million and $24.7 million for the years ended December 31, 2014 and 2013, respectively. The difference was primarily due to a $3.9 million decrease in development proceeds resulting from an extension of the proceed recognition period for the $30 million license fee related to the PepsiCo Sweet Taste Program partnershipin accordance with PepsiCo’s election in May 2014 to extend the service period an additional two years to August 2016. There was no influence on cash flow because the $30 million of license fee payments were received in 2010. Partially offsetting the decrease in development proceeds for the year was a $1.1 million raise in proceeds from the achievement of development milestones in 2014 contrast to 2013.
Commercial proceeds raised to $5.8 million in 2014 from $4.6 million in 2013 due to raised royalties and commercial milestone payments related to the Sweet Taste Program and higher direct sales.
Research, development and patents expenses, counting stock-based compensation expenses, reduced to $26.6 million in 2014 from $28.6 million in 2013. The decrease was primarily attributable to reduced outside services costs in 2014 for safety studies to support product candidate regulatory filings, counting costs related to Sweetmyx S617, which received regulatory authorization for commercialization in the first quarter of 2014. Also contributing to the net decrease were lower employee bonuses and depreciation expense in 2014, offset by raised non-cash, stock-based compensation expenses in 2014.
Selling, general and administrative expenses, counting stock-based compensation expenses, were $12.6 million in 2014 contrast to $12.3 million in 2013. The net raise in expenses resulted from an raise in non-cash, stock-based compensation expenses and a decrease in employee bonuses in 2014.
Total non-cash, stock-based compensation expenses raised to $6.2 million in 2014 from $4.0 million in 2013. The raise resulted from a higher fair value for stock options granted in 2014 based on the higher price of Senomyx’s ordinary stock contrast to stock options granted in 2013.
Senomyx, Inc. discovers, develops, and commercializes flavor ingredients for the packaged food, beverage, and ingredient supply industries using proprietary taste receptor-based assays and screening technologies.
Micron Technology, Inc. (NASDAQ:MU), declined -5.06%, and closed at $29.66. The stock has the beta value of 1.58, and its volatility for the week is 2.38%, while for the month it is 2.97%. The company has the market capitalization of $ 33.62B. The mean recommendation of analysts for this stock is 1.90.(where 1=Buy, 5=Sale).
Micron Technology, Inc., together with its auxiliaries, provides semiconductor solutions worldwide. The corporation manufactures and markets dynamic random access memory (DRAM), NAND flash, and NOR flash memory products; and packaging solutions and semiconductor systems.
Alpha Natural Resources, Inc. (NYSE:ANR), dipped - 5.04%, and closed at $1.13. With recent decline, the year-to-date (YTD) performance reflected a -29.38% decline below last year. During the past month the stock lose -78.96%, bringing three-month performance to -42.35% and six-month performance to -70.8%. The mean recommendation of analysts for this stock is 3.20. (where 1=Buy, 5=Sale).
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming.
Warren Resources, Inc (NASDAQ:WRES) dropped -5.04%, and closed at $1.13.
Warren Resources Inc. (WRES), declared its year-end 2014 estimated proved oil and gas reserves.
Warren’s estimated proved oil and gas reserves totaled 428.1 billion cubic feet of oil equivalent at December 31, 2014, an raise of about 111% from the 202.5 Bcfe at year-end 2013. Total proved reserves for 2014 were 24% crude oil (California) and 76% natural gas (Pennsylvania and Wyoming). Proved developed producing and proved developed nonproducing eserves were 59% of total proved reserves at year-end 2014, and 41% of total proved reserves were proved undeveloped.
The estimated present value of the Corporation’s oil and gas reserves at year-end 2014, discounted at 10% per annum and before the influence of revenue taxes (“PV-10″, a non-GAAP measure)1 was about $609 million, contrast to about $504 million for year-end 2013. For commodity prices used in the calculation of the present value of year-end proved reserves, Securities and Exchange Commission rules require that calculations be based on the average of the closing prices on the first of the month over the preceding twelve months. For the year-end 2014 reserve evaluation, SEC pricing calculation resulted in an average realized price of $86.71 per barrel of oil and an average realized price of $3.22 per Mcf of natural gas, contrast to $97.33 per barrel of oil and $3.43 per Mcf of natural gas in 2013, respectively.
Warren Resources, Inc. is an independent energy corporation engaged in the attainment, exploration, development and production of domestic oil and natural gas reserves. Warren’s activities are primarily focused on oil in the Wilmington field in the Los Angeles Basin in California, and natural gas in the Marcellus Shale in Pennsylvania and Washakie Basin in Wyoming.
