Finance
ASX Today: Stocks to watch on Friday
The ASX is expected to open lower on Friday after Wall Street ended its day red, with Tesla stock falling nearly 10 per cent.
Elon Musk announced price cuts to his Teslas in a bid to drive up demand, but it could come at a cost to the giant’s balance sheet.
Nonetheless, here on some stocks to keep an eye on during Friday’s trade:
Invex Therapeutics (IXC) has received regulatory approval in France to begin its IIH EVOLVE phase three trial for patients with Idiopathic Intracranial Hypertension (IIH).
The company also received an approved application to the Ethics Committee CPP.
“This approval from the ANSM/CPP in France completes our competent authority strategy in Europe, where IIH patients across Germany and France will be participating in this important Phase III clinical trial,” Invex Executive Director and Chief Scientific Officer Professor Alex Sinclair said.
Shares in IXC last traded at 44 cents.
Equatorial Resources (EQX) has entered an agreement to acquire the Nimab Alliance iron ore project in Guinea, West Africa.
The company said the acquisition aligned with its focus on the large-scale exploration and development of iron ore assets.
The Nimab Alliance project has one of the largest landholdings in Guinea’s prolific Nimaba Iron Ore Corridor.
Shares in EQX last traded at 14 cents.
Meanwhile, Macro Metals (M4M) has reported “high-grade” rock chip samples of up to 33 per cent copper from four samples taken during an initial site trip to the Mogul VMS project in Western Australia.
The company confirmed the results were consistent with rock chip samples of up to 36 per cent copper and 11 per cent zinc reported by previous operators.
Macro Metals has now called on induced polarisation (IP) and gravity geophysical contractors to define the extent of the “highly prospective” target.
Shares in M4M last traded at 0.5 cents.
Piedmont Lithium (PLL) has completed a definitive feasibility study (DFS) of the company’s proposed Tennessee lithium project in the United States.
The study uncovered robust project economics and the positive impact of America’s Inflation Reduct Act.
Piedmont President and CEO Keith Phillips said the project was “positioned to be a key resource for EV and battery manufacturers”.
Shares in PLL last traded at 84 cents.
Torque Metals (TOR) has uncovered multiple mineralised zones at its Paris project in Western Australia.
A recently-completed diamond drill program intersected highly altered fault zones, with sulphides and quartz veining over 30 metres in one hole and 32 and 23 metres in other holes, with assays pending.
The company also commenced a 43-hole reverse circulation (RC) drilling program for 5000 metres on Friday, including extensional and in-fill drilling at its Observation, Paris and HHH prospects.
Shares in TOR last traded at 14 cents.
Harley-Davidson, Inc. (HOG), a Recreational Vehicles corporation, was a bullish stock in the prior session. Harley-Davidson, Inc. (HOG) stock opened the day for trading at $24.04 and closed the day at $21.83 with negative move of -10.39%. This decrease movement lagged the Nasdaq, a tech-heavy index, lose of -0.28% for the prior day.
Harley-Davidson, Inc. (HOG) is focused on the Recreational Vehicles sector. This sector has seen some volatility from day traders in recent weeks. Bullish day traders of Harley-Davidson, Inc. (HOG) will be looking for positive upcoming earnings whereas bearish day traders of Harley-Davidson, Inc. (HOG) will be looking for negative earnings. The last time Harley-Davidson, Inc. (HOG) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.51 compared to an estimate of $0.48 which was a difference of $+0.03 resulting in a change of +6.25%. Current earnings estimates are to be released for Current Qtr 06/2020 on Harley-Davidson, Inc. (HOG) and out of 6 Wall Street estimates the average is saying $0.11. The high estimate is saying $0.31 whereas the low estimate is saying -$0.23 and the prior year Harley-Davidson, Inc. (HOG) announced earnings at $1.46 a growth rate est. (year over year) of -92.47%.
The market performance of Harley-Davidson, Inc. (HOG) has varied recently. Year to date Harley-Davidson, Inc. (HOG)’s shares are down -41.30%. Over the past 12 weeks Harley-Davidson, Inc. (HOG) is down -36.73% and over the last 4 weeks Harley-Davidson, Inc. (HOG) is up 35.59%. Harley-Davidson, Inc. (HOG) current income statement shows revenue (ttm) of $5.28B. Gross Profit is $1.62B. This puts the current EBITDA of Harley-Davidson, Inc. (HOG) at $759.45M.
Wall street day traders might also notice recent changes to stock analyst estimates for Harley-Davidson, Inc. (HOG). The stock is trading with an RSI (relative strength index) of 53.24 indicating Harley-Davidson, Inc. (HOG) is neither overbought nor oversold. Technically, HOG’s short term support levels are around $3.54, $2.82 and $1.97 on the downside. HOGs short term resistance levels are $6.00, $5.50 and $5.32 on the upside. The market cap of Harley-Davidson, Inc. (HOG) is $3.343B and institutions hold 98.89% of the stock. The outstanding share count stands at 153.87M while the short float (shares short) stands at 11.71%.
Stock market research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The day traders can look to capitalize on the basis of ranking. Harley-Davidson, Inc. (HOG) has short term rating of Neutral (0.18), Intermediate rating of Neutral (0.02) and long-term rating of Very Bearish (-0.50) giving Harley-Davidson, Inc. (HOG) an overall rating of Neutral (-0.10).
The EPS growth this year on Harley-Davidson, Inc. (HOG) is decreased -16.10% and is expected to increase 118.03% next year. However, quarterly earnings (EPS) growth year over year on Harley-Davidson, Inc. (HOG) has increased by 54.50% and quarterly revenue (Sales) growth year over year stands at -6.40%. Gross margin is detected at 35.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 7.90% while return on equity (ttm) is 23.10%.
Recent Developments:
2020-04-28 – Harley-Davidson Says May Need to “De-Emphasize” From Some International Markets – Conf Call.
2020-04-28 – Harley-Davidson Announces Q1 GAAP Earnings Per Share $0.45.
2020-04-16 – Lawrence Hund Promoted To Chief Commercial Officer Of Harley-Davidson Motor Company.
2020-04-15 – Harley-Davidson Says Significantly Reducing All Non-Essential Spending.
2020-03-30 – Harley-Davidson Entered Into Settlement Agreement With Impala Fund And Impala Asset Management Llc – SEC Filing.
About Company:
Milwaukee, WI-based Harley-Davidson, Inc. is the parent entity of company groups doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The two reportable segments of the company are:The Motorcycles and Related Products segment ( accounting for 87% of total revenues in 2019) consists of HDMC that designs, manufactures and sells Harley-Davidson motorcycles (currently comprising cruiser and touring models among others) along with motorcycle parts, accessories, general merchandise and related services.
Advanced Micro Devices, Inc. (AMD), a Semiconductors corporation, was a gaining stock in the prior session. Advanced Micro Devices, Inc. (AMD) shares opened the day for trading at $57.35 and closed the day at $56.60 with negative move of -0.61%. The decrease movement in Advanced Micro Devices, Inc. (AMD) lagged the movement in the NASDAQ, a tech heavy index, for the day which gained +2.99% in prior day.
Advanced Micro Devices, Inc. (AMD) is focused on the Semiconductors sector. This stock market sector has seen some action from day traders in recent weeks. Bullish day traders of Advanced Micro Devices, Inc. (AMD) will be looking for positive upcoming earnings whereas bearish day traders of Advanced Micro Devices, Inc. (AMD) will be looking for negative earnings. The last time Advanced Micro Devices, Inc. (AMD) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.27 compared to an estimate of $0.26 which was a difference of $+0.01 resulting in a change of +3.85%. Current earnings estimates are to be released for Current Qtr 03/2020 on Advanced Micro Devices, Inc. (AMD) and out of 9 Wall Street estimates the average is saying $0.14. The high estimate is saying $0.16 whereas the low estimate is saying $0.11 and the prior year Advanced Micro Devices, Inc. (AMD) announced earnings at $0.03 a growth rate est. (year over year) of +366.67%.
The market performance of Advanced Micro Devices, Inc. (AMD) has varied recently. Year to date Advanced Micro Devices, Inc. (AMD)’s shares are up 23.42%. Over the past 12 weeks Advanced Micro Devices, Inc. (AMD) is up 9.46% and over the last 4 weeks Advanced Micro Devices, Inc. (AMD) is up 42.14%. Advanced Micro Devices, Inc. (AMD) current income statement shows revenue (ttm) of $6.73B. Gross Profit is $2.87B. This puts the current EBITDA of Advanced Micro Devices, Inc. (AMD) at $853M.
Wall street day traders might also notice recent changes to stock analyst estimates for Advanced Micro Devices, Inc. (AMD). The stock is trading with an RSI (relative strength index) of 63.26 indicating Advanced Micro Devices, Inc. (AMD) is neither overbought nor oversold. Technically, AMD’s short term support levels are around $12.14, $174.19 and $165.30 on the downside. AMDs short term resistance levels are $23.72, $23.12 and $22.49 on the upside. The market cap of Advanced Micro Devices, Inc. (AMD) is $66.27B and institutions hold 75.79% of the stock. The outstanding share count stands at 1.13B while the short float (shares short) stands at 5.87%.
Stock market research shows that these financial estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Advanced Micro Devices, Inc. (AMD) has short term rating of Bullish (0.25), Intermediate rating of Bullish (0.33) and long-term rating of Neutral (-0.06) giving Advanced Micro Devices, Inc. (AMD) an overall rating of Neutral (0.18).
The EPS growth this year on Advanced Micro Devices, Inc. (AMD) is decreased -11.00% and is expected to increase 43.97% next year. However, quarterly earnings (EPS) growth year over year on Advanced Micro Devices, Inc. (AMD) has increased by 187.40% and quarterly revenue (Sales) growth year over year stands at 49.90%. Gross margin is detected at 42.60% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 5.10% while return on equity (ttm) is 15.70%.
Recent Developments:
2020-03-26 – Advanced Micro Devices – CEO’s FY 2019 Total Compensation Was $58.5 Mln.
2020-02-04 – AMD And Mercedes-AMG Petronas Formula One Team Announce Multi-Year Partnership.
2020-01-28 – AMD Reports Q4 Non-Gaap Earnings Per Share $0.32.
2019-12-03 – Advanced Micro Devices Enables Ecosystem for High-Performance Mini PCs Powered by AMD Ryzen™ Embedded Processors.
2019-11-19 – Amd Launches 7Nm Professional Pc Workstation Graphics Card for 3D Designers, Architects and Engineers.
About Company:
Advanced Micro Devices has strengthened its position in the semiconductor market on the back of its evolution as an enterprise-focus company from a pure-bred consumer-PC chip provider. AMD has emerged as a strong challenger to NVIDIA’s dominance in the graphic processing unit or GPU market based on its Radeon technology. Launch of 7 nanometer (nm)-based AMD Radeon RX 5700-series gaming graphics card family featuring RDNA architecture, high-speed GDDR6 (Graphics Double Data Rate type 6) memory and support for the PCIe 4.
AMC Entertainment Holdings, Inc. (AMC), a Entertainment business, was a active mover in the prior market session. AMC Entertainment Holdings, Inc. (AMC) stock opened the market for trading at $3.1400 and closed the day at $3.0500 with negative move of -1.93%. This decrease move lagged the Dow’s +1.11% gain for the prior market day.
AMC Entertainment Holdings, Inc. (AMC) is focused on the Entertainment sector. This market sector has seen some volatility from investors in recent weeks. Bullish investors of AMC Entertainment Holdings, Inc. (AMC) will be looking for positive upcoming earnings whereas bearish investors of AMC Entertainment Holdings, Inc. (AMC) will be looking for negative earnings. The last time AMC Entertainment Holdings, Inc. (AMC) had an earnings surprise was on Qtr Ending 12/19 when they reported $0.35 compared to an estimate of $0.08 which was a difference of $+0.27 resulting in a change of +337.50%. Current earnings estimates are to be released for Current Qtr 03/2020 on AMC Entertainment Holdings, Inc. (AMC) and out of 5 Wall Street estimates the average is saying -$1.49. The high estimate is saying -$1.27 whereas the low estimate is saying -$1.63 and the prior year AMC Entertainment Holdings, Inc. (AMC) announced earnings at -$1.21 a growth rate est. (year over year) of -23.14%.
The market performance of AMC Entertainment Holdings, Inc. (AMC) has varied recently. Year to date AMC Entertainment Holdings, Inc. (AMC)’s shares are down -57.87%. Over the past 12 weeks AMC Entertainment Holdings, Inc. (AMC) is down -55.41% and over the last 4 weeks AMC Entertainment Holdings, Inc. (AMC) is down -17.57%. AMC Entertainment Holdings, Inc. (AMC) current income statement shows revenue (ttm) of $5.47B. Gross Profit is $918.6M. This puts the current EBITDA of AMC Entertainment Holdings, Inc. (AMC) at $710.3M.
Wall street investors might also notice recent changes to stock analyst estimates for AMC Entertainment Holdings, Inc. (AMC). The stock is trading with an RSI (relative strength index) of 46.28 indicating AMC Entertainment Holdings, Inc. (AMC) is neither overbought nor oversold. Technically, AMC’s short term support levels are around $79.27, $78.28 and $77.36 on the downside. AMCs short term resistance levels are $85.17, $80.98 and $80.27 on the upside. The market cap of AMC Entertainment Holdings, Inc. (AMC) is $317.938M and institutions hold 95.36% of the stock. The outstanding share count stands at 106.59M while the short float (shares short) stands at 36.96%.
Research indicates that these estimate changes look to be directly correlated with short-term stock prices. The investors can look to capitalize on the basis of ranking. AMC Entertainment Holdings, Inc. (AMC) has short term rating of Neutral (-0.01), Intermediate rating of Bearish (-0.38) and long-term rating of Bearish (-0.35) giving AMC Entertainment Holdings, Inc. (AMC) an overall rating of Neutral (-0.24).
The EPS growth this year on AMC Entertainment Holdings, Inc. (AMC) is decreased -269.70% and is expected to increase 81.20% next year. However, quarterly earnings (EPS) growth year over year on AMC Entertainment Holdings, Inc. (AMC) has decreased by -110.80% and quarterly revenue (Sales) growth year over year stands at 2.40%. Gross margin is detected at 63.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is -2.70% while return on equity (ttm) is -11.90%.
Recent Developments:
2020-04-17 – AMC Entertainment Holdings Reports Pricing Of $500 Mln First Lien Notes Offering.
2020-04-17 – Amc Entertainment Holdings Says Covid-19 Pandemic Has Had And Will Continue To Have A Significant And Adverse Impact On Its Business.
2020-04-16 – AMC Entertainment Holdings Announces Proposed Private Offering Of First Lien Notes.
2020-02-27 – AMC Entertainment Holdings Announces $200 Million Share-Repurchase Authorization.
2020-02-27 – AMC Entertainment Holdings Posts Fourth-Quarter Results.
About Company:
AMC Entertainment Holdings, Inc. , operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens.
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