SanDisk (SNDK) Is Today's Pre-Market Mover With Heavy Volume Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified SanDisk ( SNDK) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified SanDisk as such a stock due to the following factors:

  • SNDK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $374.0 million.
  • SNDK traded 2.6 million shares today in the pre-market hours as of 8:52 AM, representing 47.1% of its average daily volume.

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More details on SNDK:

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products. The stock currently has a dividend yield of 1.5%. SNDK has a PE ratio of 20.6. Currently there are 15 analysts that rate SanDisk a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for SanDisk has been 4.8 million shares per day over the past 30 days. SanDisk has a market cap of $14.4 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.37 and a short float of 8.4% with 3.76 days to cover. Shares are up 38.2% year to date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 0.7%. Since the same quarter one year prior, revenues rose by 27.6%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • SNDK's debt-to-equity ratio is very low at 0.12 and is currently below that of the industry average, implying that there has been very successful management of debt levels. To add to this, SNDK has a quick ratio of 2.29, which demonstrates the ability of the company to cover short-term liquidity needs.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Computers & Peripherals industry. The net income increased by 261.9% when compared to the same quarter one year prior, rising from $76.51 million to $276.86 million.
  • Net operating cash flow has significantly increased by 198.90% to $382.41 million when compared to the same quarter last year. In addition, SANDISK CORP has also vastly surpassed the industry average cash flow growth rate of -24.43%.
  • The gross profit margin for SANDISK CORP is rather high; currently it is at 53.53%. 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 17.03% trails the industry average.

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