Trade-Ideas: Cynosure (CYNO) Is Today's Strong And Under The Radar Stock

Trade-Ideas LLC identified Cynosure (CYNO) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Cynosure

(

CYNO

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Cynosure as such a stock due to the following factors:

  • CYNO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.6 million.
  • CYNO has traded 163 options contracts today.
  • CYNO is making at least a new 3-day high.
  • CYNO has a PE ratio of 62.
  • CYNO is mentioned 1.39 times per day on StockTwits.
  • CYNO has not yet been mentioned on StockTwits today.
  • CYNO is currently in the upper 20% of its 1-year range.
  • CYNO is in the upper 35% of its 20-day range.
  • CYNO is in the upper 45% of its 5-day range.
  • CYNO is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on CYNO:

Cynosure, Inc. develops, manufactures, and markets aesthetic treatment systems for plastic surgeons, dermatologists, and other medical practitioners. CYNO has a PE ratio of 62. Currently there are 7 analysts that rate Cynosure a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Cynosure has been 383,600 shares per day over the past 30 days. Cynosure has a market cap of $1.2 billion and is part of the health care sector and health services industry. The stock has a beta of 1.66 and a short float of 6.3% with 6.11 days to cover. Shares are up 13.7% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Cynosure as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 8.0%. Since the same quarter one year prior, revenues rose by 26.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • CYNO's debt-to-equity ratio is very low at 0.04 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, CYNO has a quick ratio of 1.93, which demonstrates the ability of the company to cover short-term liquidity needs.
  • This stock has managed to rise its share value by 26.22% over the past twelve months. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CYNO should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Health Care Equipment & Supplies industry. The net income increased by 35687.5% when compared to the same quarter one year prior, rising from -$0.01 million to $2.85 million.
  • Net operating cash flow has significantly increased by 92.72% to -$0.35 million when compared to the same quarter last year. In addition, CYNOSURE INC has also vastly surpassed the industry average cash flow growth rate of -11.82%.

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