MeetMe (MEET) Flagged As Strong On High Volume
Trade-Ideas LLC identified
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified MeetMe as such a stock due to the following factors:
- MEET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.9 million.
- MEET has traded 162,888 shares today.
- MEET is trading at 2.92 times the normal volume for the stock at this time of day.
- MEET is trading at a new high 5.39% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on MEET:
MeetMe, Inc. owns and operates a social network for meeting new people on the Web and on mobile platforms in the United States. MEET has a PE ratio of 4. Currently there are 2 analysts that rate MeetMe a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for MeetMe has been 487,300 shares per day over the past 30 days. MeetMe has a market cap of $127.3 million and is part of the technology sector and internet industry. The stock has a beta of 1.62 and a short float of 2.8% with 1.07 days to cover. Shares are up 57.5% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates MeetMe as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall.
Highlights from the ratings report include:
- MEETME INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, MEETME INC continued to lose money by earning -$0.11 versus -$0.29 in the prior year. This year, the market expects an improvement in earnings ($0.18 versus -$0.11).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Internet Software & Services industry. The net income increased by 184.1% when compared to the same quarter one year prior, rising from -$1.44 million to $1.21 million.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. When compared to other companies in the Internet Software & Services industry and the overall market, MEETME INC's return on equity is below that of both the industry average and the S&P 500.
- The gross profit margin for MEETME INC is rather low; currently it is at 19.25%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, MEET's net profit margin of 10.91% is significantly lower than the industry average.
- You can view the full MeetMe Ratings Report.
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