Trade-Ideas LLC identified

Uni-pixel

(

UNXL

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

  • UNXL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.8 million.
  • UNXL has traded 1.0 million shares today.
  • UNXL is trading at 18.30 times the normal volume for the stock at this time of day.
  • UNXL is trading at a new low 7.23% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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 UNXL:

Uni-Pixel, Inc., a pre-production stage company, engages in developing performance engineered film (PEF) products for the display, touch screen, and flexible electronics market segments in the United States. Currently there is 1 analyst that rates Uni-pixel a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for Uni-pixel has been 450,000 shares per day over the past 30 days. Uni-pixel has a market cap of $33.7 million and is part of the technology sector and electronics industry. The stock has a beta of 1.18 and a short float of 26% with 1.82 days to cover. Shares are up 77.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Uni-pixel 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:

  • The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • UNXL'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 81.10%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. 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.
  • UNI-PIXEL INC has improved earnings per share by 25.4% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, UNI-PIXEL INC reported poor results of -$2.05 versus -$1.79 in the prior year. This year, the market expects an improvement in earnings (-$0.34 versus -$2.05).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 38.2% when compared to the same quarter one year prior, rising from -$7.80 million to -$4.82 million.
  • UNXL's debt-to-equity ratio is very low at 0.16 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, UNXL has a quick ratio of 2.37, which demonstrates the ability of the company to cover short-term liquidity needs.

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