Active Momentum Stocks in New Buzz: Scientific Games (NASDAQ:SGMS), Cameco (NYSE:CCJ)

Shares of Scientific Games Corporation (NASDAQ:SGMS) [Trend Analysis] runs in leading trade, it moving up 3.24% to traded at $17.55. The firm has price volatility of 4.24% for a week and 4.35% for a month. Its beta stands at 2.38 times. Scientific Games Corp. (SGMS) reported that it expected that net loss for the fourth quarter will be in a range of $105-to-$115 million, including a projected $69 million goodwill impairment charge with Attributable EBITDA of approximately $290-to-$295 million.

The company currently expects consolidated revenue to be in a range of $748-to-$755 million for the three month period ended December 31, 2016.The full year net loss including the goodwill impairment charge is expected to be in a range of $348-to-$358 million, with AEBITDA of approximately $1.100 to $1.105 billion. The company currently expects full year 2016 revenue to be in a range of $2.878 to $2.885 billion. Narrow down four to firm performance, its weekly performance was 3.24% and monthly performance was 25.36%. The stock price of SGMS is moving up from its 20 days moving average with 10.20% and isolated positively from 50 days moving average with 14.69%.

Cameco Corporation (NYSE:CCJ) [Trend Analysis] luring active investment momentum, shares a loss -11.61% to $11.27. Cameco (CCJ) reported that its Tokyo Electric Power Company Holdings, Inc. (TEPCO) has issued a termination notice for a uranium supply contract with the company. On January 31, 2017, TEPCO confirmed it would not accept a uranium delivery slated for February 1, 2017.

TEPCO alleged that an event of ‘force majeure’ has occurred because it has been unable to operate its nuclear generating plants for 18 consecutive months due to government regulations arising from the Fukushima nuclear accident in March 2011.

The contract termination would affect approximately 9.3 million pounds of uranium deliveries through 2028, worth approximately $1.3 billion in revenue to Cameco, including about $126 million in each of 2017, 2018 and 2019 based on 855,000 pounds of deliveries in each of these years. Under the contract, TEPCO has already received and paid for 2.2 million pounds of uranium since 2014. The total volume of 9.55 Million shares held in the session was surprisingly higher than its average volume of 3785.85 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 12.70%, and looking further price to next year’s EPS is 25.64%. While take a short look on price to sales ratio, that was 2.33 and price to earnings ratio of 80.50 attracting passive investors.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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