Stocks Traders Are Watching: May 11, 2017

The markets look to open up slightly lower, after U.S. Jobless Claims and PPI-FD numbers were released at 8:30 AM ET. New claims came in at 236K, lighter than the consensus estimate. PPI-FD grew by 0.5% month over month, which was better than the consensus estimate of 0.20%. That’s more of an overall view, but it’s still earnings seasons, and traders have been focused on these releases. That said, there are some small cap stocks moving this morning ahead of the bell, and here are some stocks traders are watching today.

DrysShips Inc (NASDAQ: DRYS) reported its first quarter financial results for the 2017 fiscal year, and the results seem to have disappointed traders. The company reported revenue of $11.81M for the 1Q 2017, compared to its total revenues of $17.02M in the same period in the prior fiscal year. Moreover, DryShips reported a net loss of 69 cents per share. DryShips also issued a 1-for-7 reverse stock split, and after adjusting for the split, DRYS was trading over 10% lower.

Here’s a look at DRYS on the 30-minute chart:

Source: TradingView

 

S&W Seed Company (NASDAQ: SANW)  shares were trading lower by over 14%, after the company reported its third quarter 2017 financial results. The company reported revenue of $21M, which was well below the Zacks Consensus estimate of $27.6M. S&W Seed’s reported an adjusted net income of 5 cents per share, which was inline with the Zacks Consensus Estimate. Now, the main reasons that SANW was trading lower after its earnings release could be attributed to its earnings miss and outlook.

According to S&W Seed Company, “As previously discussed, recent regulatory uncertainty in Saudi Arabia surrounding water use restrictions for large forage producers is causing certain customers in the region to defer purchases and/or reduce inventory carrying levels in the near-term. Based on information currently available to management, including recent dialogue with distributors in the area, we believe there is a high likelihood that certain shipments previously expected to ship in fiscal 2017 will be deferred until fiscal 2018. The Company currently expects revenue for fiscal 2017 to range between $82 and $87 million and the Company currently expects Adjusted EBITDA for fiscal 2017 to range between $5.7 and $7.1 million.”

Check out SANW on the daily chart:

Source: TradingView

 

LivePerson Inc (NASDAQ: LPSN) is up around 8%l, after the company reported its first quarter 2017 financial results. LivePerson reported total revenue of $50.9M for the first quarter of 2017, compared to its previous guidance range of $50M and $51M. Here’s a look at some of the highlights:

Customer Expansion:


During the first quarter, the Company signed contracts with the following new customers:

 

  • A leading broadband provider to the United Kingdom
  • One of the premier subscription music providers
  • A global provider of corporate travel services
  • One of the largest national lending institutions
  • A top 10 rental car company

 

The Company also expanded business with:

 

 

  • Qantas, Australia’s largest domestic and international airline
  • A multi-billion dollar financial services company
  • Leading telecommunications providers in Europe and Asia

 

Source: BamSEC

 

Take a look at LPSN on the daily chart:

Source: TradingView

 

Sangamo Therapeutics Inc (NASDAQ: SGMO) shares are up over 40%, after the company reported its first quarter 2017 financial results yesterday. Sangamo reported a consolidated net loss of $16.6M, or 23 cents per share, which was, more or less, inline with its figures in the same period in the 2016 fiscal year. Now, one of the main highlights traders focused on was its announcement of a strategic collaboration with Pfizer for Hemophilia A Phase I/II Gene Therapy program.

Under the terms of the collaboration agreement, Sangamo Therapeutics is expected to receive a $70M upfront payment from Pfizer. Moreover, Sangamo Therapeutics could potentially receive milestone payments of up to $475M.

Here’s a look at SGMO on the daily chart:

Source: TradingView

Vista Outdoor Inc (NYSE: VSTO) are down over 10%, after the company reported weaker-than-expected profits for the fourth quarter of the 2016 fiscal year. The company reported sales of $579M, which was down 5% from the same quarter in the prior year and 21% organically. The company’s gross profit came in at $144M, down 12% year over year. Moreover, Vista Outdoor’s fully-diluted EPS came in at 2 cents, and adjusted EPS was 3 cents for the quarter, compared to 63 cents in the fourth quarter of the 2016 fiscal year. Now, this was primarily attributed to the decline in demand for ammunition and firearms, as well as the “softness” in the retail environment.

Check out VSTO on the daily chart:

stocks traders are watching

Source: TradingView

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