Only 170k!!! That is about 25% of the normal daily trading. This will test 30 tomorrow. Over priced to begin with , now revenue and earnings show that 20 is high for BLOX.
32 will definitely be tested. But this may go below 30.
With a PEG ratio above 5.00 and Forward PE above 50, this was poised to pop with anything less than a big beat. It is worse than that though.
If anyone wants to buy, put a price in around 30.
BLOX comes into the conversation. Its forward PE is 52.93 and the PEG ratio is even more concerning at 4.05.
I expect that BLOX will beat tonight, but will it beat earnings and revenue enough to retain its PPS? Hard to tell.
You may be right. I would have expected a larger AH drop based on the forecast. But it is down marginally. A decent sign.
Sterne Agee moved the price target to $4.50 from $6.00 with a neutral rating. J.P. Morgan downgraded the rating to neutral from overweight and lowered the price target to $5.50 from $9.00.
I am always intrigued when a stock drops far below new price targets. VMEM for example in pre-market is now 30-40% below these already reduced price targets. It would seem to be a buying opp in pre market.
Well, actually pretty good so far considering the levels I bought this morning. You saw how this has bounced. It has pulled back from the 37 surge (from lows of 33). Should start to build again from 35 area.
Panic Mongers have created a great entry point. thank you!
Sentiment: Strong Buy
I think there were a lot of buyers on the way down. With the pop this morning they were able to get rid of their shares at a smaller loss than yesterday.
Lots of shares out there to go through. This will improve over the next several days.
Low float stock is easily manipulated. News today was ok, expected. Profit taking from huge run up.
Stock was trading down steady between 24-25 when it looks like some MMs came.
Not sure if any locked up shares were sold. Again increasing swings on low float stock.
Not much long term debt. Large move today is attributed to the low float. It would have dropped a little due to the miss. But the low float exacerbated it. Under 12 may be a nice entry point.
He is the CEO. He should do better. He is sounding very defensive, whining about the press coverage. Come on...the bloom is off the rose with Mush. the honeymoon is over.