EnerNOC (ENOC) Weak On High Volume Today

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

  • ENOC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.7 million.
  • ENOC has traded 872,643 shares today.
  • ENOC is trading at 16.09 times the normal volume for the stock at this time of day.
  • ENOC is trading at a new low 10.17% 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 ENOC:

EnerNOC, Inc. provides energy intelligence software (EIS) and related solutions for commercial, institutional, and industrial customers. Currently there are 3 analysts that rate EnerNOC a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for EnerNOC has been 935,100 shares per day over the past 30 days. EnerNOC has a market cap of $217.1 million and is part of the services sector and diversified services industry. The stock has a beta of 0.16 and a short float of 11.4% with 1.15 days to cover. Shares are up 55.8% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates EnerNOC as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself.

Highlights from the ratings report include:
  • ENERNOC INC 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. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, ENERNOC INC reported lower earnings of $0.08 versus $0.64 in the prior year. For the next year, the market is expecting a contraction of 4281.3% in earnings (-$3.35 versus $0.08).
  • 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 Software industry. The net income has significantly decreased by 86.6% when compared to the same quarter one year ago, falling from $96.67 million to $12.99 million.
  • Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Software industry and the overall market, ENERNOC INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $5.44 million or 77.31% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 78.05%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 85.85% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.

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