Today's Pre-Market Trading Very Positive For Pandora Media (P)

Trade-Ideas LLC identified Pandora Media (P) as a pre-market leader candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Pandora Media

(

P

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Pandora Media as such a stock due to the following factors:

  • P has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $168.1 million.
  • P traded 31,931 shares today in the pre-market hours as of 8:34 AM.
  • P is up 4.5% today from Friday's close.

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More details on P:

Pandora Media, Inc. provides Internet music streaming services in North America. P has a PE ratio of 24. Currently there are 12 analysts that rate Pandora Media a buy, no analysts rate it a sell, and 14 rate it a hold.

The average volume for Pandora Media has been 8.6 million shares per day over the past 30 days. Pandora Media has a market cap of $2.7 billion and is part of the services sector and media industry. The stock has a beta of -0.76 and a short float of 23.6% with 3.85 days to cover. Shares are down 8.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Pandora Media as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from the ratings report include:

  • 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 Internet Software & Services industry. The net income has significantly decreased by 375.1% when compared to the same quarter one year ago, falling from -$16.07 million to -$76.33 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 Internet Software & Services industry and the overall market, PANDORA MEDIA INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to -$45.47 million or 358.26% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • The share price of PANDORA MEDIA INC has not done very well: it is down 14.53% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
  • PANDORA MEDIA 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 year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, PANDORA MEDIA INC reported poor results of -$0.80 versus -$0.15 in the prior year. This year, the market expects an improvement in earnings (-$0.43 versus -$0.80).

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