Trade-Ideas LLC identified

Yandex

(

YNDX

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Yandex as such a stock due to the following factors:

  • YNDX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $36.2 million.
  • YNDX has traded 365,019 shares today.
  • YNDX is trading at 2.30 times the normal volume for the stock at this time of day.
  • YNDX is trading at a new high 3.01% 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 YNDX:

Yandex N.V. operates an Internet search engine in Russia and internationally. YNDX has a PE ratio of 49. Currently there are 6 analysts that rate Yandex a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Yandex has been 2.5 million shares per day over the past 30 days. Yandex has a market cap of $6.5 billion and is part of the technology sector and internet industry. The stock has a beta of 3.13 and a short float of 1.7% with 2.07 days to cover. Shares are up 26.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Yandex as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity 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 57.3% when compared to the same quarter one year ago, falling from $36.80 million to $15.70 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. When compared to other companies in the Internet Software & Services industry and the overall market, YANDEX N.V.'s return on equity is below that of both the industry average and the S&P 500.
  • YANDEX N.V. 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. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, YANDEX N.V. reported lower earnings of $0.40 versus $0.92 in the prior year. This year, the market expects an improvement in earnings ($44.20 versus $0.40).
  • Looking at where the stock is today compared to one year ago, we find that it is higher, and it has outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • Despite currently having a low debt-to-equity ratio of 0.34, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 6.27 is very high and demonstrates very strong liquidity.

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