New Concept Energy (GBR) Is Today's Strong On High Volume Stock
Trade-Ideas LLC identified
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified New Concept Energy as such a stock due to the following factors:
- GBR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.6 million.
- GBR has traded 69,323 shares today.
- GBR is trading at 14.57 times the normal volume for the stock at this time of day.
- GBR is trading at a new high 11.37% 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.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in GBR with the Ticky from Trade-Ideas. See the FREE profile for GBR NOW at Trade-Ideas
More details on GBR:
New Concept Energy, Inc., through its subsidiaries, owns and operates oil and gas wells, and mineral leases primarily in the United States. The company operates through two segments, Oil and Gas Operations, and Retirement Facilities.
The average volume for New Concept Energy has been 362,100 shares per day over the past 30 days. New Concept Energy has a market cap of $4.2 million and is part of the basic materials sector and energy industry. Shares are up 95.3% year-to-date as of the close of trading on Tuesday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates New Concept Energy as a
. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, poor profit margins and weak operating cash flow.
Highlights from the ratings report include:
- NEW CONCEPT ENERGY INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, NEW CONCEPT ENERGY INC reported poor results of -$1.35 versus -$0.39 in the prior year.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 194.3% when compared to the same quarter one year ago, falling from $0.31 million to -$0.30 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, NEW CONCEPT ENERGY INC's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for NEW CONCEPT ENERGY INC is currently extremely low, coming in at 7.37%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, GBR's net profit margin of -33.03% significantly underperformed when compared to the industry average.
- Net operating cash flow has decreased to $0.11 million or 35.88% when compared to the same quarter last year. Despite a decrease in cash flow NEW CONCEPT ENERGY INC is still fairing well by exceeding its industry average cash flow growth rate of -49.80%.
- You can view the full New Concept Energy Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.