Morning Buzz: Navigator Holdings Ltd. (NVGS), Adamas Pharmaceuticals (ADMS), Carbonite (CARB), Apple (AAPL), Digital Ally (DGLY)

Navigator Holdings Ltd. (NVGS) stock is up 10% to $19.62 in premarket trade, following positive Cramer mention on Tuesday’s Mad Money. The CNBC host said the name has been wrongly punished with the rest of the energy sector even though it has nothing to do with the price of oil or natural gas.

NVGS shares recently gained $1.90 to $19.80. The stock is down more than 31% year-over-year and has lost roughly 33.56% year-to-date. In the past 52 weeks, shares of London-based shipper of natural gas have traded between a low of $15.00 and a high of $31.90.

Navigator Holdings Ltd. has a total market cap of $990.57M.

Shares of Adamas Pharmaceuticals, Inc. (ADMS) spiked 22% in early trading Wednesday after the company announced that the U.S. Food and Drug Administration (FDA) has approved the New Drug Application (NDA) for Namzaric, a drug for the treatment of moderate to severe dementia of the Alzheimer’s type in patients stabilized on memantine hydrochloride and donepezil hydrochloride.

Adamas Pharmaceuticals shares are currently priced at 6.94x this year’s forecasted earnings compared to the industry’s 7.41x earnings multiple. Ticker has a t-12 price/sales of 3.82 and EPS of $2.11. Currently there are 4 analysts that rate ADMS a ‘Buy’. No analyst rates it a ‘Hold’ or a  ‘Sell’. ADMS has a median Wall Street price target of $32.00 with a high target of $35.00.

In the past 52 weeks, shares of Emeryville, California-based specialty pharmaceutical company have traded between a low of $12.02 and a high of $21.63 and are now at $17.75. Shares are up 4.57% year-to-date.

Shares of Carbonite, Inc. (CARB) are nearly 8% higher at $14.74 in pre-market trade after it was reported that j2 Global (JCOM) intends to commence a cash tender offer for Carbonite at $15.00 per share.

Carbonite, Inc., currently valued at $366.75M, has a median Wall Street price target of $15.50 with a high target of $16.00. In the past 52 weeks, shares of Boston, Massachusetts-based cloud backup solutions provider have traded between a low of $8.26 and a high of $14.89 with the 50-day MA and 200-day MA located at $12.43 and $11.21 levels, respectively. Additionally, shares of CARB have a Relative Strength Index (RSI) and MACD indicator of 63.75 and -0.32, respectively.

CARB currently prints a one year return of about 16.04%, and a year-to-date return of around 14.96%.

Shares of Digital Ally Inc. (DGLY), which makes on-officer cameras, was up 8.45% following a USAToday article that discusses shooting of man by police officer in Missouri. The shooting happened a few miles from Ferguson, where a white police officer fatally shot Michael Brown in August, sparking months of civil unrest.

Digital Ally shares recently gained $1.10 to $16. In the past 52 weeks, shares of Lenexa, Kansas-based company have traded between a low of $3.03 and a high of $33.59. Shares are up 103% year-over-year, and 72% year-to-date.

The Rockstar Consortium – comprised of Apple (AAPL), Microsoft (MSFT), BlackBerry (BBRY), Ericsson (ERIC) and Sony Corp. (SNE) – sold about 4,000 former Nortel Networks patents to patent clearinghouse RPX Corp. for about $900 million, less than a quarter of the $4.5 billion the group paid for the full portfolio in mid-2011.

RPX plans to license the patents to a separate group of about 30 companies including search giant Google (GOOG).

Create Content With AI

Try TradingView For Free

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.