Trade-Ideas LLC identified

Silver Standard Resources

(

SSRI

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Silver Standard Resources as such a stock due to the following factors:

  • SSRI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
  • SSRI has traded 526,431 shares today.
  • SSRI is up 3.8% today.
  • SSRI was down 6% yesterday.

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More details on SSRI:

Silver Standard Resources Inc. engages in the acquisition, exploration, development, and operation of precious metal mineral properties in the Americas. The company primarily explores for silver, gold, zinc, and lead deposits. Currently there are no analysts that rate Silver Standard Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Silver Standard Resources has been 1.5 million shares per day over the past 30 days. Silver Standard has a market cap of $501.1 million and is part of the basic materials sector and metals & mining industry. The stock has a beta of -0.08 and a short float of 1.4% with 2.86 days to cover. Shares are up 16.7% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Silver Standard Resources as a

sell

. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • 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 Metals & Mining industry and the overall market, SILVER STANDARD RES INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • SSRI has underperformed the S&P 500 Index, declining 24.69% from its price level of one year ago. 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.
  • SILVER STANDARD RES INC has improved earnings per share by 30.8% 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 year. During the past fiscal year, SILVER STANDARD RES INC continued to lose money by earning -$1.55 versus -$2.79 in the prior year.
  • 38.61% is the gross profit margin for SILVER STANDARD RES INC which we consider to be strong. It has increased significantly from the same period last year. Regardless of the strong results of the gross profit margin, the net profit margin of -7.64% is in-line with the industry average.
  • Net operating cash flow has significantly increased by 3376.35% to $21.76 million when compared to the same quarter last year. In addition, SILVER STANDARD RES INC has also vastly surpassed the industry average cash flow growth rate of -41.10%.

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