Home / Street Sector / Three Stocks you Can Bet on: Western Digital Corporation (NASDAQ:WDC), Santander Consumer (NYSE:SC), Sophiris Bio (NASDAQ:SPHS)

Three Stocks you Can Bet on: Western Digital Corporation (NASDAQ:WDC), Santander Consumer (NYSE:SC), Sophiris Bio (NASDAQ:SPHS)

Western Digital Corporation (NASDAQ:WDC) [Trend Analysis] moved up reacts as active mover, shares an advance 0.78% to traded at $46.50 and the percentage gap between open changing to regular change was 0.09%. Helping the world harness the power of data, Western Digital Corporation (WDC) revealed that Ovation Data Services, Inc. has selected the joint HGST Active Archive System and Versity Storage Manager solution to build a private storage cloud for media and entertainment and oil and gas industries as these organizations require fast and frequent access to their current and historical file-based data assets.

This cloud-scale storage solution helps improve data management with single pane copy management, automatic tiering to both object storage and tape, while lowering data operational and management cost through reduced system complexity and CAPEX costs. OvationData chose the HGST Active Archive System and Versity Storage Manager joint solution for its easy-to-deploy, file capable, Amazon S3 compliant, scale-out object storage solution. The firm’s current ratio calculated as 1.80 for the most recent quarter. The firm past twelve months price to sales ratio was 0.82 and price to cash ratio remained 1.27. As far as the returns are concern, the return on equity was recorded as 2.60% and return on investment was 2.00% while its return on asset stayed at 1.30%. The firm has total debt to equity ratio measured as 1.52.

Santander Consumer USA Holdings Inc. (NYSE:SC) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with 2.16% to $11.82. Santander Consumer USA Holdings Inc. (SC), is delaying the filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2016 beyond the August 15, 2016 extended filing date. As previously disclosed by the Company in its Form 12b-25 filed with the Securities and Exchange Commission on August 9, 2016, the Company is in the pre-filing submission process with the SEC’s Office of the Chief Accountant, regarding the Company’s accounting treatment for consideration of net discount in estimating the allowance for credit losses. The resolution of this and other accounting matters disclosed in the Form 12b-25 is expected to impact prior period financial statements. The Company will file the Form 10-Q as soon as possible. The share price of SC attracts active investors, as stock price of week volatility recorded 2.63%. The stock is going forward to its 52-week low with 38.41% and lagging behind from its 52-week high price with -48.09%.

Sophiris Bio, Inc. (NASDAQ:SPHS) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it -33.16% to close at $3.89 with the total traded volume of 9.18 Million shares. Sophiris Bio Inc. (SPHS) has priced an underwritten public offering of 6.5 million of its common shares and related warrants to purchase 4.87 million of its common shares at a combined price of $4.00 per share and related warrant.

The offering is scheduled to close on or about August 26, 2016, and gross proceeds from it are expected to be $26.0 million. At June 30, 2016, the company had cash and cash equivalents of $8.3 million and net working capital of $5.7 million. The company’s lead drug candidate is PRX302, which is designed to be a single treatment for the long-term relief of BPH symptoms, without causing sexual dysfunction or sacrificing quality of life. The firm has institutional ownership of 14.70%, while insider ownership included 7.85%.SPHS attains analyst recommendation of 2.00 with week performance of -9.74%.


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