Small Cap Stocks to Trade: May 12, 2017

The markets look to open up slightly down. Key economic indicators were released at 8:30 AM ET, which were the Consumer Price Index and Retail Sales. Consumer Price Index month-over-month change came in at 0.2%, which was in line with the consensus estimate. Retail sales month-over-month change came in at 0.4%, which was below the consensus estimate of 0.6%. Now, it’s pretty hard to figure out which direction the market is headed, and it could be easier to focus on stocks with company-specific news. That said, there are some traders looking at these small cap stocks to trade today.

Akari Therapeutics PLC ADR (NASDAQ: AKTX) shares were down around 20% during the morning session, after the company filed an SEC Form 6K yesterday. In the filing, Akari reiterated that Edison Investment Research’s report entitled “Akari’s Coversin Matches Soliris in Phase II” contained material inaccuracies. Akari Therapeutics’ Board of Directors established an ad hoc special committee to review the potential involvement of company personnel with the report. That said, AKTX CEO Dr. Gur Roshwalb has been placed on administrative leave.

Check on AKTX on the daily chart, as of yesterday’s close:

Source: TradingView

CyberArk Software Ltd. (NASDAQ: CYBR) shares are down over 7% this morning, after the company reported its first quarter 2017 financial results yesterday. The company reported total revenue of $59M for the quarter, which was a 26% increase year over year. Additionally, CyberArk reported non-GAAP operating income of $12.7M, compared to $10.7M in 1Q 2016. CYBR was also able to grow its non-GAAP net income to $10.2M, or 28 cents per diluted share, from $8.3M, or 23 cents per diluted share, in the first quarter of the 2016 fiscal year.

Now, the company issued guidance for the second quarter of the 2017 fiscal year, and expects its adjusted earnings per share during the quarter to come in a range between 23 cents and 25 cents. CyberArk also expects its revenue to be between $61M and $62M. This was below the Wall Street estimates, which was the primary reason for CYBR’s fall today.

Take a look at CYBR on the daily chart, as of Thursday’s close:

Source: TradingView

Northern Dynasty Minerals Ltd (NYSEMKT: NAK) is up over 15% this morning, after the company announced that its wholly-owned subsidiary Pebble Limited Partnership and the U.S. Environmental Protection Agency (EPA) reached a settlement agreement.

According to Ron Thiessen, President & CEO, “From the outset of this unfortunate saga, we’ve asked for nothing more than fairness and due process under the law – the right to propose a development plan for Pebble and have it assessed against the robust environmental regulations and rigorous permitting requirements enforced in Alaska and the United States. Today’s settlement gives us precisely that, the same treatment every developer and investor in a stable, first world country should expect.”

Here’s a look at NAK on the daily chart, as of yesterday’s close:

small cap stocks

Source: TradingView

Trade Desk Inc (NASDAQ: TTD) shares are up over 20% this morning, after the company reported its first quarter fiscal 2017 financial results. Trade Desk reported revenue of $53.4M, which was over a 70% increase year over year. Additionally, on a GAAP basis, it reported net income of $4.9M, while it reported a net loss of $1M in the same period in the prior fiscal year. On a non-GAAP basis, the company reported adjusted EBITDA of $6.3M for Q1 2017, compared to $4.3M in Q1 2016. The company’s non-GAAP net income came in at $7.8M, or 18 cents per share, doubling its non-GAAP net income and earnings per share in Q1 2016.

Now, the company also provided guidance.

The Trade Desk is providing its financial targets for the second quarter of 2017 and revised targets for its fiscal year 2017. The Company’s financial targets are as follows:

Second Quarter 2017:

 

  • Revenue of $67 million
  • Adjusted EBITDA of $14.5 million

 

Full Year 2017

 

  • Revenue at least $291 million, revised from $270 million
  • Adjusted EBITDA of $78 million, revised from $72 million

 

Source: BamSEC

Check out TTD on the daily chart below:

small cap stocks to trade

Source: TradingView

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