Trader’s Buzz: Google Inc. (GOOG), Verizon (VZ), Tesla Motors (TSLA), Arrowhead Research (ARWR), Qiwi plc (QIWI)

Shares of Google Inc. (GOOG) are lower by 10 points to $504.50 on strong volume in midday trading on Tuesday. The name is eyeing the $500-mark as it slumps towards multi-month lows.

Google’s share price has been on an donwtrend from Sept. 19, 2014. Despite a 92 points drop, or 15.43% price depreciation, we think the name is being driven more by emotion than a change in fundamentals. Currently, GOOG is trading at a forward P/E of 16.88x and has long-term earnings growth expectation of 14.60%.

Google Inc., valued at $344.89B, has a median Wall Street price target of $640.00 with a high target of $750.00. Approximately 2M shares have already changed hands, compared to the stock’s average daily volume of 1.89M.

In the past 52 weeks, shares of Mountain View, California-based search giant have traded between a low of $502.80 and a high of $604.83

Shares of Verizon Communications Inc. (VZ) are up 2.24%, at $46.43, after the company announced a long-term patent cross-license agreement with Google Inc (GOOG) covering a broad range of products and technologies. The agreement allows each company to reduce the risk of future patent litigation.

“Verizon has long championed patent reforms and industry actions that promote innovation,” said Verizon General Counsel Randal Milch. “We look forward to striking similar deals with other high-tech companies also concerned with the innovation tax that patent trolls often collect.”

On valuation measures, Verizon shares are currently priced at 10.03x this year’s forecasted earnings compared to the industry’s 20.45x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.59 and 12.41, respectively. Price/Sales for the same period is 1.51 while EPS is $4.63. Currently there are 19 analysts that rate VZ a ‘Buy’, 12 rate it a ‘Hold’. No analyst rates it a ‘Sell’. VZ has a median Wall Street price target of $54.00 with a high target of $59.00.

In the past 52 weeks, shares of the New York-based company have traded between a low of $45.09 and a high of $53.66. Shares are down less than one percent year-over-year and 3.44% year-to-date.

Tesla Motors, Inc. (TSLA) extends its December sell off below the $200-mark, printing an intraday low of $195.37. Approximately 6.7M shares have already changed hands, compared to the stock’s average daily volume of 6.15M shares.

TSLA has declined 18.94% in the last 4 weeks and 21.75% in the past three months. Over the past 5 trading sessions the stock has lost 4.81%.

On valuation-measures, shares of Tesla Motors, Inc. have a forward P/E of 69.63. P/E to growth ratio is 4.14, while t-12 profit margin is (7.09%). EPS registers at ($1.64). The company has a market cap of $25.11B and a median Wall Street price target of $300.00.

TSLA currently prints a one year return of about 38.19% and a year-to-date return of around 35.64%.

Arrowhead Research Corp. (ARWR) shares are up 10.09% to $6.00 in mid-day trading. Not seeing any news or rumors to account for the move.

Arrowhead Research is a Pasadena, Calif.-based developer of novel drugs to treat intractable diseases in the United States. Its stock has a median consensus analyst price target of $16, and a 52-week trading range of $4.95 to $27.63.

The T-12 revenue at Arrowhead is $175.000. ARWR‘s total debt for the same period is $1.2 million.

Arrowhead Research has market cap of $303.40 million.

Shares of Qiwi plc (QIWI) are sharply lower this morning as its stock, like many other Russian ADRs, is feeling the negative impact of the Russian economy which continues to shrink at a fast rate.

On valuation measures, Qiwi plc shares are currently priced at 9.18x this year’s forecasted earnings compared to the industry’s 7.85x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.79 and 12.48, respectively. Price/Sales for the same period is 2.62 while EPS is $2.11.

In the past 52 weeks, shares of Moscow-based electronic online payment systems firm have traded between a low of $18.52 and a high of $59.24 and are now down 10.74% at $19.20. Shares have lost 57.05% year-over-year and 60.02% year-to-date.

In other news from Russia this morning, the Russian central bank said it would raise its key interest rate to 17% from 10.5%, effective today. This is Moscow’s biggest step yet to stop ruble’s free fall and defuse the currency crisis threatening its stricken economy, which remains under pressure from lower oil prices and Western sanctions over Russia’s conflict with Ukraine.

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