Archives for February 17, 2019

Razer closes its game store after 10 months

It’s a reminder that even big names face tough odds selling games.

Razer is learning a hard lesson about the challenges of launching a game store. The hardware giant is closing the Razer Game Store on February 28th at 4AM Eastern as part of “realignment plans.” It’ll still honor pre-orders and notes that games will still work as long as you have their Steam or Uplay keys, but you won’t have access to those keys once February is over. From March onward, you’ll only get games from Razer through its reward programs.

The store will shut down roughly 10 months after it opened in April 2018. It isn’t a direct portal like the Epic Games Store or Steam, but its closure is still significant. This was a rare digital distribution foray for Razer, and it delivered both exclusive game deals as well as discounts on peripherals. Clearly, the combination of those and a big name wasn’t enough to reel people in. They appear to prefer going straight to the source, and they might not have much choice when store exclusives are becoming more commonplace.

TCL’s folding phone projects include a watch-like bracelet

Just don’t count on all of them reaching your hands (or arms).

Multiple companies have ideas as to how they’ll develop folding smartphones. TCL, however, isn’t content to settle on one — it’s seemingly tackling them all. CNET has obtained images and patent filings that show TCL exploring five foldable designs. Four of them are ultimately variants on a theme (folding horizontally or vertically, inward or outward), but a fifth model would turn into a smartwatch-style bracelet. Effectively, it’d resurrect Lenovo’s Cplus concept as a practical product.

Whether or not TCL will make these isn’t certain. CNET stressed that it was early. TCL previously vowed to ship its first foldable device in 2020, but it wasn’t clear what its plans were at the time beyond some kind of smartphone. It’s clearly more interested in the phone than first thought, although it said that TVs and other devices could use the technology.

Whatever ships, it might not live up to people’s dreams. Current bendable displays won’t fold like paper, so they’ll typically be thicker. The relatively exotic nature of the hardware tends to carry a premium. There’s also the all-important software. While Android will natively support foldable phones, it’s not certain how well that will work in practice. This could still amount to an early adopter device.

Stocks to Watch For: Radiant Logistics, Inc. (NYSE:RLGT) & Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Radiant Logistics, Inc. (NYSE:RLGT)

Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing.

Radiant Logistics, Inc. (NYSE:RLGT)’s Financial Overview

Radiant Logistics, Inc. (NYSE) declined -0.17% yesterday to close its trading session at $5.99. The company has 1 year Price Target of $7.9. Radiant Logistics, Inc. has 52-Week high of $6.15 and 52-Week Low of $3.46. The stock touched its 52-Week High on 6.15 and 52-Week Low on 3.46. The stock traded with the volume of 587317 shares yesterday. The firm shows the market capitalization of $285.3 Million.

Radiant Logistics, Inc. (NYSE) reported its last quarterly earnings on 9/29/2018 where the firm reported its Actual EPS of $0.11/share against the analyst consensus estimate of $0.1/share. The difference between the actual and expected EPS is $0.01 a share with a surprise factor of 10%.

The firm is trading with SMA20 of 16.59 Percent, SMA50 of 23.98 Percent and SMA200 of 28.72 percent. Radiant Logistics, Inc. has P/S value of 0.33 while its P/B value stands at 2.21. Similarly, the company has Return on Assets of 3.5 percent, Return on Equity of 7.9 percent and Return on Investment of 5.9 Percent. The company shows Gross Margin and Operating Margin of 24.5 percent and 1.8 percent respectively.

The Stock currently has Analyst’ mean Recommendation of 1.8 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 4 analysts offering 12-month price forecasts for Radiant Logistics Inc have a median target of 8.00, with a high estimate of 10.00 and a low estimate of 6.50. The median estimate represents a +33.56% increase from the last price of 5.99.

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)

Turkcell is the leading provider of mobile communications services in Turkey.

Turkcell Iletisim Hizmetleri AS (NYSE:TKC)’s Financial Outlook

The 18 analysts offering 12-month price forecasts for Turkcell Iletisim Hizmetleri AS have a median target of 7.48, with a high estimate of 8.57 and a low estimate of 5.86. The median estimate represents a +7.73% increase from the last price of 6.94.

Turkcell Iletisim Hizmetleri AS is estimated to report earnings on 02/21/2019. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates.Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.22.

According to Zacks Investment Research, Turkcell Iletisim Hizmetleri AS has a Consensus Recommendation of 1. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

The Stock surged 0.29% and closed its last trading session at $6.94. The company has the market capitalization of $6.1 Billion. The stock has 52-week high of $10.36 and 52-Week low of $3.93. The firm touched its 52-Week high on 10.36 and 52-Week low on 3.93. The company has volume of 379101 shares. The company has a total of 878.57 Million shares outstanding.

The company has YTD performance of 23.49 percent. Beta for Turkcell Iletisim Hizmetleri AS stands at 0.73 while its ATR (average true range) is 0.16. The company has Weekly Volatility of 1.95%% and Monthly Volatility of 1.99%%.

Turkcell Iletisim Hizmetleri AS has distance from 20-day Simple Moving Average (SMA20) of 2.17%, Distance from 50-Day Simple Moving Average of 13.34 percent and Distance from 200-Day Simple Moving Average of 18.97%.

The Company currently has ROA (Return on Assets) of 3.5 percent, Return on Equity (ROE) of 9.3 Percent and Return on Investment (ROI) of 11.5% with Gross margin of 34.7 percent and Operating & Profit margin of 30.2% and 6.8% respectively.

2 Stocks to Watch Today: Aevi Genomic Medicine, Inc. (GNMX), Reebonz Holding Limited (RBZ)

Aevi Genomic Medicine, Inc. (NASDAQ: GNMX) experienced a high price of $0.255 with a low value of $0.21 at the end of the last trading session, which followed after a gain of 14.67% and settled at $0.25 during the course of the last 24 hours for the day. Respectfully, the company now has 67.48M shares after the latest changes, so the present market capitalization sits at $16.57M. The trading volume of Aevi Genomic Medicine, Inc. shares went over 6,208,393 in a single day during the last trading session in comparison to the average volume of GNMX, usually circulating around 1.82M.

During the course of the last year, the stock has touched a high of $2.32 and a low of $0.17, which as a result has the increased attention of top market experts who are tracking the progress of the asset as it is getting closer to a notable historic high price or low value.

Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.54 per share. In the preceding year, the company reportedly generated EPS of -$0.53 per share of its common stock.

If we were to do a comparison between the current price and its previous movement in the market, we can easily conclude that the price went to a positive change, going up by +0.03 in the past five trading days, which resulted in a percentage change of +13.95% and a moving average of 0.22. In the past 20 days, its price changed by +0.06, which means that the stock’s moving average was 0.21. Looking back at a cycle of the last 50 days, shares of GNMX changed by -$0.78 (which is -76.21%) and demonstrated a moving average of 0.53. Meanwhile, this stock’s MACD Oscillator was 0.01 over the past 9 days, and 0.01 over the past two weeks, also marking 0.01 in the period of the last 20 days.

Reebonz Holding Limited (NASDAQ:RBZ)’s shares demonstrated a change of 30.38% during the most recent trading session, ending the trading day at the price of $1.70 with a 24-hour trading volume that reached 17,881,440 – compared to its average trading volume of as 229.16K, as recorded over the past three months. With that closing price, the market capitalization of this company is now sitting at $42.19M. The moving average for last 20 days of Reebonz Holding Limited is at 15.62%, while the average went down by -51.35% during the last 50 days with -79.51% recorded during the last 200 days. Additionally, this stock’s distance from its 52-week high price is currently down by -83.76%, while it’s sitting 42.44% away from its 52-week low price.

Traders use the ATR to analyze potential exit and entry points, as it represents a useful tool in almost any trading strategy. ATR for this stock is sitting at 0.36. Beta tells us about a stock’s volatility, also known as its systematic risk, compared to the market overall. The current beta value for RBZ is , while for the past seven days, this stock’s volatility was 20.17%, also recording 22.00% for the past 30-day period.

Professionals on Wall Street also frequently check the Relative Strength Index (RSI) of a potential investment, which tells us the speed and change of a stock’s price movement in the market. RSI is expressed on a scale of 0 to 100. If the indicators are set higher above 70, then the RSI factors are indicating that the stocks are overbought. The factors will indicate that a stock is oversold if the result is set below 30. Right now, Reebonz Holding Limited (RBZ) has an RSI of 39.51 – indicating that the asset is being neither overbought nor oversold.

Stocks to Watch For: Magnolia Oil & Gas Corporation (NYSE:MGY) & Rogers Communication, Inc. (NYSE:RCI)

Magnolia Oil & Gas Corporation (NYSE:MGY)

Magnolia Oil & Gas Corporation is an oil producer. The company’s assets are located primarily in the Eagle Ford Shale and Austin Chalk formations in South Texas. Magnolia Oil & Gas Corporation, formerly known as TPG Pace Energy Holdings, is based in Houston, Texas.

Magnolia Oil & Gas Corporation (NYSE:MGY)’s Financial Overview

Magnolia Oil & Gas Corporation (NYSE) surged 1.66% yesterday to close its trading session at $12.23. The company has 1 year Price Target of $17.17. Magnolia Oil & Gas Corporation has 52-Week high of $15.23 and 52-Week Low of $9.88. The stock touched its 52-Week High on 15.23 and 52-Week Low on 9.69. The stock traded with the volume of 1.06 Million shares yesterday. The firm shows the market capitalization of $3.09 Billion.

Magnolia Oil & Gas Corporation (NYSE) reported its last quarterly earnings on 9/29/2018 where the firm reported its Actual EPS of $0.28/share against the analyst consensus estimate of $0.43/share. The difference between the actual and expected EPS is $-0.15 a share with a surprise factor of -34.9%.

The firm is trading with SMA20 of 2.42 Percent, SMA50 of 4.86 Percent and SMA200 of 0.41 percent. Magnolia Oil & Gas Corporation has P/S value of 4.92 while its P/B value stands at 1.13. Similarly, the company has Return on Assets of 0 percent, Return on Equity of 0 percent and Return on Investment of 0 Percent. The company shows Gross Margin and Operating Margin of 96.4 percent and 0 percent respectively.

The Stock currently has Analyst’ mean Recommendation of 2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 9 analysts offering 12-month price forecasts for Magnolia Oil & Gas Corp have a median target of 17.00, with a high estimate of 20.00 and a low estimate of 14.00. The median estimate represents a +39.00% increase from the last price of 12.23.

Magnolia Oil & Gas Corporation is expected* to report earnings on 02/26/2019 before market open. The report will be for the fiscal Quarter ending Dec 2018. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.29.

Rogers Communication, Inc. (NYSE:RCI)

Rogers Communications is Canada’s national communications company engaged in Digital PCS, cellular, messaging and data communications through Rogers AT&T Wireless; in cable television, high-speed Internet access and video retailing through Rogers Cable; and in radio and television broadcasting, tele-shopping, publishing and new media businesses through Rogers Media. Rogers AT&T Wireless is Canada’s largest national wireless communications service provider offering subscribers a broad spectrum of wireless communications products and services.

Rogers Communication, Inc. (NYSE:RCI)’s Financial Outlook

Our vendor, Zacks Investment Research, hasn’t provided us with the upcoming earnings report date.

According to Zacks Investment Research, Rogers Communication, Inc. has a Consensus Recommendation of 2. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

The Stock declined -0.67% and closed its last trading session at $53.76. The company has the market capitalization of $27.55 Billion. The stock has 52-week high of $55.21 and 52-Week low of $43.11. The firm touched its 52-Week high on 55.21 and 52-Week low on 43.11. The company has volume of 174601 shares. The company has a total of 512.52 Million shares outstanding.

Rogers Communication, Inc. (NYSE) in the last quarter reported its actual EPS of $0.69/share where the analyst estimated EPS was $0.68/share. The difference between the actual and Estimated EPS is $0.01. This shows a surprise factor of 1.5 percent.

The company has YTD performance of 4.88 percent. Beta for Rogers Communication, Inc. stands at 0.75 while its ATR (average true range) is 0.85. The company has Weekly Volatility of 1.48%% and Monthly Volatility of 1.58%%.

Rogers Communication, Inc. has distance from 20-day Simple Moving Average (SMA20) of -0.43%, Distance from 50-Day Simple Moving Average of 1.17 percent and Distance from 200-Day Simple Moving Average of 5.59%.

The Company currently has ROA (Return on Assets) of 6.5 percent, Return on Equity (ROE) of 26.3 Percent and Return on Investment (ROI) of 10.9% with Gross margin of 39.6 percent and Operating & Profit margin of 22.9% and 13% respectively.

STOCKS TO WATCH: EYES ON GENERAL MOTORS COMPANY (GM), SRC ENERGY INC. (SRCI)

The last few days have been good for General Motors Company (NYSE:GM), as its price has grew by 0.62% during the week. It has also performed better over the past three months, as it added around 8.97% while it has so far retreated around -6.06% during the course of a year. The price of the stock went down by -$0.11 now trading at $38.89. Their shares witnessed a 27.26% increase from the 52-week low price of $30.56 they recorded on 2018-10-24. Even though it is still -15.71% behind the $45 high touched on 2018-06-15. The stock of GM recorded 16.26% uptrend from the beginning of this year till date. The 12-month potential price target for General Motors Company is set at $45.45. This target means that the stock has an upside potential to increase by 16.87% from the current trading price.

When giving their opinion, around 68.18% of Wall Street analysts, which represents 15 out of 22 rated the stock as a Buy. 6 brokerage firms of the remaining 27.27% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate GM shares held by institutional investors represents 77.6% of total shares. 133 institutions entered new General Motors Company (NYSE:GM) positions, 463 added to their existing positions in these shares, 581 lowered their positions, and 138 exited their positions entirely.

General Motors Company (GM) trade volume has decreased by -43.53% as around 6,519,333 shares were sold when compared with its 50-day average volume of traded shares which is 11,545,214. At the moment, GM is witnessing a uptrend, as it is trading 0.6% above its 20-day SMA, 6.78% above its 50-day SMA, and 5.44% above its 200-day SMA. The company runs an ROE of roughly 21.5%, with financial analysts predicting that their earnings per share growth will be around 15.35% per annum for the next five year. This will be compared to the 19.2% increase witnessed over the past five years.

The first technical resistance point for General Motors Company (NYSE:GM) will likely come at $39.08, marking a 0.49% premium to the current level. The second resistance point is at $39.28, about 0.99% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $38.52, the lower end of the range. GM’s 14-day MACD is 0.05 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 58.57, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 18.46 percent, which is low when compared to that of the 50-day’s 32.66 percent.

The shares of SRC Energy Inc. (NYSE:SRCI) has increased by 4.3%, and now trading at $4.37 on the Wall Street in the intra-day deal, with their shares traded now around 4,681,748. This is a rise of 464,178 shares over the average 4,217,570 shares that were traded daily over the last three months. The stock that is trading at $4.37 went higher by 8.98% from its 52-week low of $4.01 that it attained back on 2018-12-26. The stock recorded a 52-week high of $13.32 nearly 256 days ago on 2018-06-04.

SRCI stock hasn’t performed well over the past 30 days, as it lost -15.31% while its price plunged by -7.02% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -2.67% over the last week. The stock’s 12-month potential target price is now at $9.41. This means that the stock price might likely increase by 115.33% from its current trading price.13 out of 20 Wall Street analysts which represents 65% rated the stock as a buy while the remaining 35 rated it as a hold, with 0 of analysts rating it as a sell.

SRC Energy Inc. (NYSE:SRCI) has been utilizing an ROE that is roughly 16.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 10.56% per year, following the 33.5% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -9.26% below its 20-day SMA, -10.79% below its 50-day SMA, and -48.91% below its 200-day SMA. In percentage terms, the aggregate SRC Energy Inc. shares held by institutional investors is 0%. 38 institutions jumped in to acquire SRC Energy Inc. (SRCI) fresh stake, 131 added to their current holdings in these shares, 115 lowered their positions, and 43 left no stake in the company.

The stock’s 9-day MACD is -0.25 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 39.42, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 58.53 percent, which is less when compared to that of the 50-day’s 64.71 percent. On the daily chart, we see that the stock could reach the first level of resistance at $4.47, sporting a 2.24% premium to the current level. The next resistance point is at $4.58, representing nearly 4.59% premium to the current market price of SRC Energy Inc. (SRCI). On the other hand, failure to breach the immediate hurdles can drag it down to $4.08, the lower end of the range.