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Rolls-Royce Holdings plc (RYCEY)

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2.5200-0.0700 (-2.70%)
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Neutralpattern detected
Previous Close2.5900
Open2.5400
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.3700 - 2.5700
52 Week Range1.3800 - 10.1800
Volume1,106,631
Avg. Volume1,423,290
Market Cap5.268B
Beta (5Y Monthly)1.06
PE Ratio (TTM)1.70
EPS (TTM)1.4840
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 23, 2020
1y Target Est1.49
  • 7 Penny Stocks to Watch in November
    InvestorPlace

    7 Penny Stocks to Watch in November

    In recent years, penny stocks have become a go-to investment for their low cost. These types of stocks usually trade below the five-dollar mark, making them ideal for first-time investors as well. Although, penny stocks have their fair share of critics, the investment has garnered a cult following over the years. Many find it to be a lucrative investment avenue. Penny stocks are especially popular in periods of economic uncertainty, as investors look for assets with a low capital cost. But although penny stocks trade at a low price, there are known for their high volatility. This means they can make huge moves in a single day, generating high returns.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 7 Coronavirus Stocks to Buy for the Second Wave Given that penny stocks come with high risk, it is essential that you pick the stocks that show strong growth potential. With that said, let’s take a look at some of the top penny stocks to watch in November. None of these are sure bets, but they all have growth opportunities: Nokia (NYSE:NOK) Titan Pharmaceuticals (NASDAQ:TTNP) Waitr Holdings (NASDAQ:WTRH) Dynavax (NASDAQ:DVAX) Rolls Royce Holdings (OTCMKTS:RYCEY) Neos Therapeutics (NASDAQ:NEOS) Cinedigm Corp (NASDAQ:CIDM) Penny Stocks: Nokia (NOK) Source: rafapress / Shutterstock.com It’s no secret that Nokia (NYSE:NOK) had a tough year, and its latest earnings didn’t help matters. The telecom giant reached a high of $5.14 in August before falling to $3.35 this month. But, there are some events suggest that things are finally taking a turn for the better. The Finnish company announced that it has secured a $14.1 million grant from NASA to create a cellular network to the moon. Nokia will partner with Intuitive Mechanics to build a 4G/LTE network to the moon by 2022. The goal is to create a communications hub for future missions and enable better exploration of habitation on the moon. Titan Pharmaceuticals (TTNP) Source: Shutterstock The biotech space saw a lot of action this year as the race to the Covid vaccine pushes full steam ahead. While Titan Pharmaceuticals (NASDAQ:TTNP) is not a major contender for the vaccine, it does create therapeutics to treat chronic illnesses. TTNP stock is down 39.31% this year but shows promise for future growth. On Sept. 15, Titan Pharmaceuticals announced that its partner company, Molteni entered a deal with Accord Healthcare. The healthcare company will commercialize and distribute Sixmo in the EU. According to Titan, “Sixmo is indicated for substitution treatment for opioid dependence in clinically stable adult patients.” This could translate to increased revenue for Titan and improve its bottom line. 7 Growth Stocks Running On Fumes TTNP has been on an upward trend this past week and could keep going higher. Keep an eye on this penny stock. Waitr Holdings (WTRH) Source: PREMIO STOCK / Shutterstock.com Another industry that has seen a lot of activity this year is the food delivery services. As people work and play from home, food delivery has now become an essential service. One company that has benefitted from this trend is Waitr Holdings (NASDAQ:WTRH). Dubbed as “mini Uber eats,” Waitr stock is up roughly 700% this year. Unlike larger companies like Uber Eats (NYSE:UBER) and Postmates, Waitr serves smaller communities. The company’s share price went as high as $5.85 this year before falling back to $2.57 this month. However, Waitr shows signs of its momentum picking up once again thanks to a tableside service app. The new technology will allow customers to order food and pay their bill by scanning a QR code on the Waitr app. This means customers can enjoy a meal at a restaurant with zero contact. The pandemic is likely to change traditional dining as we know it and Waitr’s savvy new app caters to this “new normal.” If that takes off, then WTRH stock could as well. Dynavax stock (DVAX) Source: Shutterstock Another penny stock that is a beneficiary of the biotech momentum is Dynavax (NASDAQ:DVAX). The company uses cutting-edge technology to produce vaccines for the masses. The stock is currently trading at $4.16 and analyst estimate the price could go higher. This confidence stems in part from Dynavax’s involvement in the Covid-19 vaccine race. But it’s not developing the vaccine itself. Rather, it’s developing an adjuvant to be delivered in combination with Medigen’s vaccine. The dual therapy has been granted a subsidy by Taiwan’s government and clinical trials have begun. And analysts also expect to see a resurgence in sales for its hepatitis B treatment, Heplisav-B. Maybe that’s why the analysts’ consensus price target is $12, suggesting over 200% upside. 7 Marijuana Stocks for an Election Day Boost If either of these two options takes off, it could make this penny stock well worth your time. Rolls Royce Holdings (RYCEY) Source: Matheus Obst / Shutterstock.com The name Rolls Royce Holdings (OTCMKTS:RYCEY) is often synonymous with luxury cars, but the actual company has little to do with the auto industry itself. Rolls Royce Holdings is in fact a major player in the engineering space and creates technology for aerospace, big data and defense. But as pandemic brought its aerospace segment to a halt, the other businesses are picking up the slack. Rolls Royce recently announced a new R&D investment in its Power Systems business for $13.9 million. The goal behind the investment is to grow its power generation facility in Minnesota. The company is one of nine members chosen to build a nuclear power station in the U.K. This is in an effort to reduce carbon emissions in the country. This power segment will be a huge growth driver for RYCYE stock in the future. Neos Therapeutics (NEOS) Source: luchschenF / Shutterstock.com Neos Therapeutics (NASDAQ:NEOS) is another innovative company making waves this year. The company creates treatments for people with Attention Deficit Hyperactivity Disorder (ADHD). Neos hit some major lows these past few years but is finally putting its dark days behind. Trading at just 70 cents per share, the penny stock is a steal at this price Sales of the company’s amphetamine treatment of ADHD became stagnant during the pandemic. However, as classes go back in session via remote learning, sales of the medication are picking up. In addition to this, the company has also introduced a new co-pay program, Rx Connect. The goal behind this innovation is to increase the profitability of each prescription. 4 Best Bang-For-Your-Buck Stocks -- With Dividends to Boot This technology, alongside cost-cutting initiatives, should help NEOS stock get back on track. Keep an eye on this investment. Cinedigm Corp (CIDM) Source: Pavel Kapysh / Shutterstock.com Digital entertainment has become the next big thing this year as theatres remain closed for the foreseeable future. Cinedigm Corp (NASDAQ:CIDM) is an entertainment company with a growing presence in this sector. The company distributes its products for Hallmark and Televisa (NYSE:TV) among others while also partnering with bigger players like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX). Although Cinedigm Corp has been on a downward trend, the company recently announced that it will be expanding its digital streaming segment through television. It has already secured partnerships with Roku (NASDAQ:ROKU) and Samsung to spearhead this development. The new expansion will allow Cinedigm to reach over 15.2 million eyeballs. At a current price of just 50 cents, CIDM is a penny stock that’s worth watching in November. On Penny Stocks and Low-Volume Stocks: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That’s because these “penny stocks” are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com’s writers disclose this fact and warn readers of the risks.  Read More: Penny Stocks — How to Profit Without Getting Scammed  On the date of publication, Divya Premkumar did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Divya Premkumar has a finance degree from the University of Houston, Texas. She is a financial writer and analyst who has written stories on various financial topics from investing to personal finance. Divya has been writing for InvestorPlace since 2020. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company Daily Picks: Stocks to Buy Ahead of the Election The post 7 Penny Stocks to Watch in November appeared first on InvestorPlace.

  • Rolls-Royce Gets Investor Nod for $2.6 Billion Equity Sale
    Bloomberg

    Rolls-Royce Gets Investor Nod for $2.6 Billion Equity Sale

    (Bloomberg) -- Rolls-Royce Holdings Plc shareholders backed a 2 billion-pound ($2.6 billion) equity raise, a key step toward shoring up the British engine maker’s finances to outlast the Covid-19 pandemic.Investors voted 99.5% in favor of the rights issue, according to a statement Tuesday. Their support means Rolls-Royce can access a further 3 billion pounds of funds, through a bond sale and a 1 billion-pound term loan, both of which were conditional on the rights issue passing.Rolls-Royce’s engine business has been dealt a heavy blow by the coronavirus, with both unit sales and maintenance revenue hurt by a mass grounding of widebody planes. The company announced a 5 billion-pound refinancing plan at the start of this month, funded through a combination of debt issuance, a rights offer and loans, and now has no pressing need to extend borrowings guaranteed by the U.K. government.Rolls-Royce shares slipped 2.3% to 221.00 pence as of 1:27 p.m. in London, down more than two-thirds this year.The package is aimed at seeing Rolls-Royce through to 2022, when the company expects to resume sufficient cash generation alongside a gradual recovery in demand for air travel. Chief Executive Officer Warren East has also said the company could sell assets as it repositions for the future.“We didn’t want to put the business and our shareholders’ interests at risk by gambling on the situation next year so that’s why we chose to go with this package now,” the CEO said at an investor meeting.Even with funding secured, Rolls-Royce still faces an uphill road to recovery. The twin-aisle planes the company supplies are predicted to take until at least 2025 to recover to pre-pandemic levels and the group has announced plans to cut 9,000 jobs.Rolls-Royce recently updated civil aerospace staff on the restructuring, a company spokeswoman said Tuesday. Plans include the temporary shuttering of factories, reducing working hours and cutting benefits, according to the Financial Times.The company is also taking steps to shrink its sprawling global footprint. According to a recent investor presentation, Rolls plans to consolidate widebody assembly and testing as well as the machining of turbine blades at its Derby site, while focusing fan blade production in Singapore and manufacturing of components in Derby and Germany.Read: Birthplace of Jet Engine Reels From Job Cuts, Covid and BrexitThe British engine maker is paying the price for a strategy decided before the crisis, which was to only make engines for larger twin-aisle aircraft that have been hit hardest by travel restrictions to contain the virus.East has said that he doesn’t see any opportunities for new engine programs this decade, though Rolls-Royce has expressed interest in providing for a new, midrange jetliner if Boeing Co. decides to move forward with the concept, according to people familiar with the matter.(Updates with final vote result, restructuring details from second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Rolls-Royce to temporarily close factories, cut benefits - FT
    Reuters

    Rolls-Royce to temporarily close factories, cut benefits - FT

    The group also faces strike action at one of its oldest plants, at Barnoldswick in Lancashire in the UK, in protest at proposals to shift some production to Singapore, the Financial Times said. Rolls Royce staff were notified last week by email that the company was looking at new measures in its current cost-cutting drive to cope with the collapse in aircraft demand in the aftermath of the COVID-19 pandemic, the report said, citing a person with knowledge of the matter. A Rolls-Royce spokeswoman said in an emailed statement to Reuters that the company plans to update staff in the coming weeks on proposals that are part of the restructuring plan announced in May.