Heavy Volume And Pre-Market Movement For SINA Corporation (SINA)

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

  • SINA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $284.3 million.
  • SINA traded 346,329 shares today in the pre-market hours as of 8:54 AM, representing 10% of its average daily volume.

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More details on SINA:

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA has a PE ratio of 88.4. Currently there are 9 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

The average volume for SINA Corporation has been 2.8 million shares per day over the past 30 days. SINA has a market cap of $5.1 billion and is part of the technology sector and internet industry. The stock has a beta of 2.00 and a short float of 3.6% with 0.78 days to cover. Shares are up 51.4% year to date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates SINA Corporation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 9.4%. Since the same quarter one year prior, revenues rose by 19.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • SINA 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. Along with this, the company maintains a quick ratio of 4.32, which clearly demonstrates the ability to cover short-term cash needs.
  • SINA CORP has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from 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, SINA CORP turned its bottom line around by earning $0.45 versus -$4.58 in the prior year. This year, the market expects an improvement in earnings ($0.95 versus $0.45).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Internet Software & Services industry and the overall market, SINA CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Internet Software & Services industry. The net income has significantly decreased by 134.7% when compared to the same quarter one year ago, falling from $33.25 million to -$11.53 million.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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