Trade-Ideas LLC identified

Silver Standard Resources

(

SSRI

) as a "perilous reversal" (up big yesterday but down 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 $13.5 million.
  • SSRI has traded 58,976 shares today.
  • SSRI is down 3.8% today.
  • SSRI was up 6.1% 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 1.4 million shares per day over the past 30 days. Silver Standard has a market cap of $517.6 million and is part of the basic materials sector and metals & mining industry. Shares are up 27.7% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Silver Standard Resources as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:

  • SSRI's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 33.72%, which is also worse than the performance of the S&P 500 Index. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
  • The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Metals & Mining industry average. The net income has decreased by 0.9% when compared to the same quarter one year ago, dropping from -$7.26 million to -$7.33 million.
  • SILVER STANDARD RES INC reported flat earnings per share in the most recent quarter. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, SILVER STANDARD RES INC continued to lose money by earning -$1.51 versus -$2.79 in the prior year.
  • The revenue growth greatly exceeded the industry average of 15.3%. Since the same quarter one year prior, revenues rose by 49.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.

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