Trader’s Buzz: Energy XXI (EXXI), Flamel Technologies (FLML), Carbonite Inc. (CARB), Technical Communications (TCCO), Amazon.com (AMZN)

Energy XXI Ltd. (EXXI) has been a solid gainer in mid-day trading, up more than 15% to $3.68 from Tuesday’s close of $3.20. The move comes on a big volume too with the issue currently trading more than 7.2 million shares, well above the average of 6.40 million for a full session over the past month. Not seeing any news or rumors to account for the move.

Energy XXI Ltd. is currently valued at $342.62 million. In the past 52 weeks, shares of Houston, Texas-based oil and gas company have traded between a low of $3.10 and a high of $27.69 with the 50-day MA and 200-day MA located at $6.90 and $15.49 levels, respectively. Additionally, shares of EXXI trade at a P/E ratio of -1.68 and have a Relative Strength Index (RSI) and MACD indicator of 27.16 and -2.50, respectively.

EXXI currently prints a one year loss of about 87.90% and a year-to-date loss of around 86.94%.

Flamel Technologies SA (FLML) broke out to a 7-year high after analysts at ROTH added the stock to their ‘Focus List’ and raised its 12-month base case estimate to $22 from $20 this morning. The firm said it expects a revenue and EPS breakout in fiscal 2015 for Flamel driven largely by its Bloxiverz drug.

Flamel Technologies, currently valued at $661M, has a median Wall Street price target of $21 with a high target of $30.00. Approximately 568K shares have already changed hands, compared to the stock’s average daily volume of 221K. Ticker has a PEG and forward P/E ratio of 0.05 and 12.35, respectively. Price/Sales for the same period is 19.86, while EPS is ($1.61). Currently there are 6 analysts that rate FLML a ‘Buy’. No analyst rates it a ‘Hold’ or ‘Sell’.

In the past 52 weeks, shares of France-based specialty pharmaceutical company have traded between a low of $7.13 and a high of $16.94 and are now up 9.40% at $17.00. Shares are up 108.87% year-over-year and 93.04% year-to-date.

Carbonite Inc. (CARB) shares spiked more than 22% to $14.40 on Wednesday after the storage-backup company announced that it has received an unsolicited proposal from J2 Global, Inc. (JCOM) to acquire all of the outstanding shares of Carbonite for $15.00 per share in cash.

Carbonite said its board would review the offer, but does not intend to disclose developments regarding the matter until a decision is made.

CARB shares recently gained $2.62 to $14.38. The stock is down more than 1% year-to-date, compared with an 14.89% gain in the S&P 500. In the past 52 weeks, shares of Boston, Massachusetts-based company have traded between a low of $8.26 and a high of $14.89.

The chart below shows where the stock has traded over the last year.

Technical Communications Corporation (TCCO) is a big mover this session, as its shares are up nearly 48%. The company announced that it received a $3.3 million contract from the Government of Egypt for the company’s DSD 72A-SP military bulk encryption systems, training and support. Delivery of the equipment and training services are expected during the first nine months of TCC’s 2015 fiscal year.

Technical Communications Corp. gained $1.92 to $5.93 in mid-day trading today. Approximately 1 million shares have already changed hands, compared to the stock’s average daily volume of 11.92K shares.

On trading-measure, TCCO has a beta of 2.32 and a short float of 0.03%. In the past 52 weeks, shares of Concord, Massachusetts-based company have traded between a low of $3.66 and a high of $8.89 with the 50-day MA and 200-day MA located at $4.01 and $4.19 levels, respectively.

TCCO currently prints a one year loss of about 45.14% and a year-to-date loss of around 47.31%.

Shares of Amazon.com (AMZN) see quick drop after falling below the 200-day moving average of $327. After a short consolidation period, shares tried to break out to the upside above the resistance level at $340, only to fall back.

In other Amazon news today, TechCrunch reports the e-commerce giant may introduce food takeout delivery service.

On valuation measures, Amazon shares, which currently have an average 3-month trading volume of 3.96 million shares, trade at a forward P/E of 356 and a P/E to growth ratio of (10.81). The median Wall Street price target on the company’s stock is $350 with a high target of $450.

Profitability-wise, Amazon’s trailing-12 profit margin currently stands at (0.25%), while operating ones are at 0.12%. The $147 billion market cap retailer reported $6.88 billion in cash vs. $3.10 billion in debt in its most recent quarter. AMZN was down 2.73% at $317.39 recently, within a 52-week range of $284.00 to $408.06. Ticker currently prints a one year loss of about 17.51% and a year-to-date loss of around 20.44%.

Amazon.com operates as an online retailer in North America and internationally. The company was founded in 1994 and is based in Seattle, Washington.

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