Vigorous Gainers/Losers Roundup: Rambus (NASDAQ:RMBS), Approach Resources (NASDAQ:AREX)

Shares of Rambus Inc. (NASDAQ:RMBS) [Trend Analysis] runs in leading trade, it plunging -7.08% to traded at $12.99. The firm has price volatility of 2.25% for a week and 2.04% for a month. Its beta stands at 0.99 times. Rambus Inc. (RMBS) reported, for the first quarter of 2017, the company expects revenue to be between $93 million and $98 million. The company expects net income per share to be between $0.02 and $0.06. Rambus expects non-GAAP net income per share to be between $0.13 and $0.17.Non-GAAP net income in the fourth quarter of 2016 was $18.7 million, 10% lower than the fourth quarter of 2015.

Non-GAAP net income per share was $0.16 in the fourth quarter of 2016 compared to $0.18 in the fourth quarter of 2015.Revenue for the fourth quarter was $97.6 million, up 27% year-over-year primarily due to higher revenue from the security technology business, higher product revenue primarily from the memory and interfaces business, and higher royalty revenue.

Narrow down four to firm performance, its weekly performance was 4.72% and monthly performance was -0.21%. The stock price of RMBS is moving down from its 20 days moving average with -5.99% and isolated negatively from 50 days moving average with -5.61%.

Several matter pinch shares of Approach Resources, Inc. (NASDAQ:AREX) [Trend Analysis], as shares moving down -3.34% to $3.01 with a share volume of 326129. Approach Resources Inc. (AREX) reported that commencement of an offer to exchange newly issued shares of its common stock, par value $0.01 per share for $99,768,000 of outstanding 7.00% senior notes due 2021.

Subject to the terms and conditions of the Exchange Offer, each holder of Senior Notes may tender all or a portion of such Holder’s Senior Notes, in exchange for 276 shares of Common Stock per $1,000 principal amount of Senior Notes.

Assuming all currently outstanding Senior Notes are tendered for exchange and not validly withdrawn, the Company would issue 27,535,968 shares of Common Stock, or 25% of outstanding shares of Common Stock, assuming (and giving pro forma effect to) 100% participation in the Exchange Offer. Holders that tender their Senior Notes that are accepted for exchange will receive accrued and unpaid interest on such Senior Notes up to, but not including, the settlement date for the Exchange Offer. The stock is going forward its 52-week low with 401.02% and moving down from its 52-week high price with -30.89%. To have technical analysis views, liquidity ratio of a company was calculated 0.50 as evaluated with its debt to equity ratio of 0.87. The float short ratio was 22.87%, as compared to sentiment indicator; Short Ratio was 7.61.

 

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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