Might want to do your own thinking instead of letting TDW do it for you.
Moving avg means nothing in a market downturn.
Ratings are changed by analysts like the good cop/bad cop scenario so others can take advantage of the reduced price and/or the other can advantage by shorting especially in low float situations.
Most recent quarter is 23% higher than the previous qtr (year earlier)
The projected and reduced earnings for upcoming quarter is still 20% higher than the previous qtr (year earlier as all stocks are measured)
Double digit growth is a good thing and 20% even better (means in 5 years they double)
Your research team has been known to be wrong on numerous occasions.
Not pumping/cheerleading - just facts.
Rather than a short punishment of colossal proportions like I would like to see, I expect another beat followed by a slow uptrend to reflect the accretive acqusition of Silarx and the new drugs.
It annoys me that shorts get a free ride to cover (only 9 days) and with 7 earnings meets or beats in a row at last count the history is that it will be a repeat. And the investigation is also a short flag where it's a free dog pile since it will end up clean but so is the life of Wall Street. I don't know why they drag it out so long. IMO
The vote will pass according to the many tutes in favor of the deal. Why? I'll never know since it is surely to lower PE and take 3-4 years for any stock appreciation IMO. But I've given up and sold my overweight position after having held for 4 years but not before I voted no to greedy management.
It's only down 1 1/2% today and who cares when it's holding a 20% profit for the week? Today's action was expected short term trading and profit taking.
We don't have "the" big name yet or it has yet to be digested as you allude. But a tute(s) will soon step up on news this significant.
Sorry you missed so many gains in your investing ventures. Most disruptive stocks have high short ratios and high gains amzn and msft to name a few.
Are you kidding? With all the m/a activity in the pharma sector going on, it's financial suicide to remain short.
This is a normal short pattern. With HFT, the short contingent strobe the bids progressively downward with thousands of orders never meaning for any of them to be filled thereby controlling the price of the stock without actually buying or selling it. They may execute a few trades. But we are in uptrend so I'm not worried especially in this M/A frenzy world that's going now. Shorts have to be crazy to squeeze this one with so much quick upside to be had.
As a reminder PRGO was trading at 166 pre b/o announcement (now at 193) and has a whopping 126 PE now. So how is this a good fit again? Maybe they have the Schtones to go with the Stitcht's.
Never fear - those at Seeking Alfalfa are grazing away at some new hit pieces as well. They'll present the lawsuit as brand new yet again with no chance of rebuff.
A bit more ambitious here since we've doubled in the last 2 years before acquisitions and moving HQ abroad. Bought more today.
Sentiment: Strong Buy