Trade-Ideas LLC identified

Tuesday Morning

(

TUES

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

  • TUES has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.6 million.
  • TUES has traded 52,797 shares today.
  • TUES is trading at 2.52 times the normal volume for the stock at this time of day.
  • TUES is trading at a new high 8.03% 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 TUES:

Tuesday Morning Corporation operates as a retailer of upscale decorative home accessories, housewares, seasonal goods, and gifts in the United States. The company offers various products, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets, and seasonal goods. TUES has a PE ratio of 26. Currently there is 1 analyst that rates Tuesday Morning a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Tuesday Morning has been 832,600 shares per day over the past 30 days. Tuesday Morning has a market cap of $278.8 million and is part of the services sector and retail industry. The stock has a beta of 2.18 and a short float of 26.2% with 10.09 days to cover. Shares are down 71.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tuesday Morning as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 7.4%. Since the same quarter one year prior, revenues slightly increased by 0.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displaying stagnant earnings per share.
  • Net operating cash flow has significantly increased by 72.21% to -$10.97 million when compared to the same quarter last year. In addition, TUESDAY MORNING CORP has also vastly surpassed the industry average cash flow growth rate of 6.27%.
  • TUES has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.14 is very weak and demonstrates a lack of ability to pay short-term obligations.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly underperformed compared to the Multiline Retail industry average, but is greater than that of the S&P 500. The net income increased by 1.4% when compared to the same quarter one year prior, going from -$6.23 million to -$6.14 million.
  • TUES'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 71.64%, 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.

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