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LOGM and Other Nasdaq Stocks Making Big Moves on July 26, 2012
So far today, the market has been on the rise. The Nasdaq has climbed 1.1%; the S&P 500 has risen 1.3%; and the Dow is up 1.4%. The recent surge in popularity of technological stocks has launched the Nasdaq Composite Index into the spotlight, making it one of the premier indexes in the world.
The biggest movers traded on the NASDAQ so far are:
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LogMeIn (Nasdaq:LOGM) is at a share price of $21.81 after a sharp decline of 29.3%. So far today, 1.7 million shares have changed hands. If a stock price makes a big move up or down, volume lets us know the significance of that move. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The debt ratio gives users a quick measure of the amount of debt that the company has on its balance sheets compared to its assets. The debt ratio for LOGM is a low 32.9%. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Western Digital (Nasdaq:WDC) rose a significant 23% to reach $39.94 per share. So far today, the company's volume is 11.5 million shares, more than yesterday's seven million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. WDC's PEG ratio is 0.4. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
Akamai Technologies (Nasdaq:AKAM) has soared 22.7% to reach a current price of $34.67 per share. The company is currently trading a volume of seven million shares. This is 2.2 times its average volume over the past three months. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. AKAM's stock is trading for more than its book value with a P/B ratio of 2.82. This may be a sign that the company is overvalued. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Tractor Supply (Nasdaq:TSCO) is trading at $91.64 per share, a significant rise of 15.9%. So far today, the company's volume is 2.7 million shares, 2.1 times the current daily average. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. The dividend yield is measured by taking the annual dividends per share and dividing that number by the stock price. TSCO has a low dividend yield of 1%. If you are an income investor, this stock may not be attractive to you. Simply comparing the level of dividends that two stocks pay does not give a true reflection of which security is more attractive, so investors calculate the dividend yield in order to standardize dividend payments. SEE: Guide To Stock-Picking Strategies: Income Investing
Strayer Education (Nasdaq:STRA) is currently trading at $77 per share, after a steep drop of 15.1%. So far today, the company's volume is 965,796 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. STRA has a high P/S ratio of 1.85. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Taking a 14.8% hit, Radware (Nasdaq:RDWR) is currently trading at $27.99 per share. At 1.6 million shares, the company's volume so far today is which is more trading activity than there was yesterday. The trading volume for a stock indicates the level of investor interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. RDWR has a P/E ratio of 31.6, high compared to the industry average of 13.13. This could mean that the market is expecting big things over the next few months or years. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Investment Valuation Ratios: Price/Earnings Ratio
Steven (Nasdaq:SHOO) rose a significant 14.7% to reach $37.62 per share. So far today, 1.6 million shares have changed hands. This is 3.3 times its current three-month average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. SHOO has a debt ratio of 27.2%, which is fairly low. This indicates that the company engages in conservative financing with opportunities to borrow in the future at no significant risk. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The biggest movers traded on the NASDAQ so far are:
| Company | Market Cap | Percentage Change |
| LogMeIn Inc (Nasdaq:LOGM) | $760.3 million | -29.3% |
| Western Digital (Nasdaq:WDC) | $8.44 billion | +23% |
| Akamai Technologies, Inc. (Nasdaq:AKAM) | $5.06 billion | +22.7% |
| Tractor Supply Company (Nasdaq:TSCO) | $5.7 billion | +15.9% |
| Strayer Education Inc (Nasdaq:STRA) | $1.08 billion | -15.1% |
| Radware Ltd. (Nasdaq:RDWR) | $714.8 million | -14.8% |
| Steven Madden, Ltd. (Nasdaq:SHOO) | $1.45 billion | +14.7% |
LogMeIn (Nasdaq:LOGM) is at a share price of $21.81 after a sharp decline of 29.3%. So far today, 1.7 million shares have changed hands. If a stock price makes a big move up or down, volume lets us know the significance of that move. A wide array of ratios can be used by investors to estimate the attractiveness of a potential or existing investment and get an idea of its valuation. The debt ratio gives users a quick measure of the amount of debt that the company has on its balance sheets compared to its assets. The debt ratio for LOGM is a low 32.9%. In other words, the company is less sensitive to changes in business or interest rates since less of its cash flow is dedicated to paying off loan expenses. As with all financial ratios, a company's debt ratio should be compared with the industry average or similar companies.
Western Digital (Nasdaq:WDC) rose a significant 23% to reach $39.94 per share. So far today, the company's volume is 11.5 million shares, more than yesterday's seven million shares. High volume indicates a lot of investor interest while low volume indicates the opposite. When estimating the value of a particular investment, valuation ratios provide a good basis for assessing the value of an individual stock. When used consistently and uniformly, the price/earnings to growth (PEG) ratio is an essential tool that adds dimension to the price/earnings ratio, allows comparisons across diverse industries and is always on the lookout for value. WDC's PEG ratio is 0.4. Because of the adjustment for earnings growth rate, the PEG ratio is somewhat more useful than many formulas for comparing companies in different industries.
Akamai Technologies (Nasdaq:AKAM) has soared 22.7% to reach a current price of $34.67 per share. The company is currently trading a volume of seven million shares. This is 2.2 times its average volume over the past three months. Volume is an important indicator in technical analysis as it is used to measure the worth of a market move. If the markets have made a strong price move either up or down the perceived strength of that move depends on the volume for that period. The higher the volume during that price move the more significant the move. Valuation ratios allow the investor to make a quick determination as to a company's investment value. If the price/book value ratio of a stock is high, it may indicate that the stock is expensive, while a lower ratio may indicate that the stock is a bargain. AKAM's stock is trading for more than its book value with a P/B ratio of 2.82. This may be a sign that the company is overvalued. One problem with the P/B value ratio is that it can be difficult to calculate the true book value of a company, so investors should be aware that many measures of book value may provide only a rough estimate, and should be taken with a grain of salt. SEE: Investment Valuation Ratios: Price/Book Value Ratio
Tractor Supply (Nasdaq:TSCO) is trading at $91.64 per share, a significant rise of 15.9%. So far today, the company's volume is 2.7 million shares, 2.1 times the current daily average. Volume is an important indicator because it indicates how significant a price shift is. Valuation ratios like the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield are useful in determining how attractive a potential or existing investment is. The dividend yield is measured by taking the annual dividends per share and dividing that number by the stock price. TSCO has a low dividend yield of 1%. If you are an income investor, this stock may not be attractive to you. Simply comparing the level of dividends that two stocks pay does not give a true reflection of which security is more attractive, so investors calculate the dividend yield in order to standardize dividend payments. SEE: Guide To Stock-Picking Strategies: Income Investing
Strayer Education (Nasdaq:STRA) is currently trading at $77 per share, after a steep drop of 15.1%. So far today, the company's volume is 965,796 shares. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Looking at a company's valuation ratios is a good way of getting a basic idea as to its value as an investment. The price/sales ratio measures a company's stock market value by its total revenues or alternatively, a company's price per share by its revenue per share. STRA has a high P/S ratio of 1.85. This could be a good sign if the share price increases. All things being equal, a low P/S ratio is good news for investors, while a very high one can be a warning sign.
Taking a 14.8% hit, Radware (Nasdaq:RDWR) is currently trading at $27.99 per share. At 1.6 million shares, the company's volume so far today is which is more trading activity than there was yesterday. The trading volume for a stock indicates the level of investor interest. In making a decision about a potential or existing investment, valuation ratios are useful as a basis for seeing whether the stock price is too high, reasonable, or a bargain. Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. RDWR has a P/E ratio of 31.6, high compared to the industry average of 13.13. This could mean that the market is expecting big things over the next few months or years. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: Investment Valuation Ratios: Price/Earnings Ratio
Steven (Nasdaq:SHOO) rose a significant 14.7% to reach $37.62 per share. So far today, 1.6 million shares have changed hands. This is 3.3 times its current three-month average. As a stock moves up or down, it is important to pay attention to the trading volume. This indicates the level of interest: the higher the volume, the more the interest. A company's investment value can be estimated using valuation ratios such as the price to earnings (P/E) ratio, the price to earnings growth (PEG) ratio, the price to sales (P/S) ratio, the price to book (P/B) ratio, and the dividend yield. The debt ratio measures the leverage of a company, and a company's leverage is a good way to assess risk. SHOO has a debt ratio of 27.2%, which is fairly low. This indicates that the company engages in conservative financing with opportunities to borrow in the future at no significant risk. However, one thing to note with this ratio: it isn't a pure measure of a company's debt (or indebtedness), as it also includes operational liabilities, such as accounts payable and taxes payable.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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