- CRAY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.4 million.
- CRAY has traded 99,228 shares today.
- CRAY is trading at 9.89 times the normal volume for the stock at this time of day.
- CRAY is trading at a new high 10.17% 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. EXCLUSIVE OFFER: Get the inside scoop on opportunities in CRAY with the Ticky from Trade-Ideas. See the FREE profile for CRAY NOW at Trade-Ideas More details on CRAY:
Cray Inc., together with its subsidiaries, designs, develops, manufactures, markets, and services high-performance computing (HPC) systems. The company operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments. CRAY has a PE ratio of 18.3. Currently there are 4 analysts that rate Cray a buy, no analysts rate it a sell, and none rate it a hold.The average volume for Cray has been 272,500 shares per day over the past 30 days. Cray has a market cap of $1.2 billion and is part of the technology sector and computer hardware industry. The stock has a beta of 1.09 and a short float of 9.6% with 15.22 days to cover. Shares are down 18.1% year-to-date as of the close of trading on Tuesday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Cray as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Highlights from the ratings report include:
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Computers & Peripherals industry average. The net income increased by 46.3% when compared to the same quarter one year prior, rising from $51.01 million to $74.64 million.
- CRAY 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. To add to this, CRAY has a quick ratio of 2.12, which demonstrates the ability of the company to cover short-term liquidity needs.
- 35.52% is the gross profit margin for CRAY INC which we consider to be strong. Regardless of CRAY's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, CRAY's net profit margin of 28.49% compares favorably to the industry average.
- CRAY INC has improved earnings per share by 44.9% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, CRAY INC increased its bottom line by earning $1.50 versus $0.78 in the prior year. For the next year, the market is expecting a contraction of 22.0% in earnings ($1.17 versus $1.50).
- The revenue fell significantly faster than the industry average of 34.0%. Since the same quarter one year prior, revenues fell by 14.8%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- You can view the full Cray Ratings Report.
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