Financial

Analyst Price Target Estimates: DryShips Inc. (NASDAQ:DRYS) , The Cheesecake Factory Incorporated (NASDAQ:CAKE)

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DryShips Inc. (NASDAQ:DRYS) showed positive change of +7.36% while the stock’s final trade was registered at $ 11.81. However, its previous closing price was seen at $11.00. The stock negotiated total number of 0 shares as compared to 3 months average volume of 1.12 million shares.

The stock price demonstrated downbeat change from its 50 day moving average of 11.06 and had been down from its 200 Day Moving Average of 42.49.

DryShips Inc. ( NASDAQ : DRYS ) reported  that it has closed the before reported registered direct offering of 20,000 newly designated Series E-1 Convertible Preferred Shares, warrants to purchase 30,000 Series E-1 Convertible Preferred Shares, warrants to purchase 50,000 newly designated Series E-2 Convertible Preferred Shares, prepaid warrants to purchase an aggregate 372,874 ordinary shares (with the number of ordinary shares issuable subject to adjustment as described therein), and 100 ordinary shares to an institutional investor not associated with the Company.

The total gross proceeds from the offering were about $20 million. The Firmmay further receive up to an aggregate of $80 million if all of the warrants to purchase preferred shares are exercised, for total gross proceeds of $100 millio

 

The average true range of DryShips, Inc.’s (DRYS) is recorded at 16.91 and the relative strength index of the stock stands 47.77. The stock price is going above to its 52 week low with 207.55% and lagging behind from its 52 week high with -97.29%. Analyst recommendation for this stock stands at 3.00. A look on the firm performance, its monthly performance is 101.88% and a quarterly performance of -7.37%. The stock price is trading downbeat from its 200 days moving average with -84.64% and up from 50 days moving average with 10.72%.

Shares of The Cheesecake Factory Incorporated (NASDAQ:CAKE) climbed +0.31% and ended at $57.92 greater than previous closing price of $57.74. The total 0 shares were bought and sold throughout the most recent trading session less than average volume of 802.47 thousand shares.

Brokerage Recommendations:

CAKE stock has received ratings from many brokerage firms according to ZACKS. Currently shares have been rated as Buy from 0 brokerage firms and 4 brokerage firms say as Strong Buy. 0 brokerage firms have suggested Sell for the company. 10 brokerage firms have recommended as a Hold. Strong Sell rating was given by 1 brokerage firms. The Company has average brokerage recommendation (ABR) of 2.6 based on consensus of the ZACKS brokerage firms.

The Cheesecake Factory Incorporated’s (CAKE) has price-to-cash ratio of 41.62 and price to sale ratio of 1.25. The company net profit margin is 6.10% and gross profit margin is 76.70%. A look on the firm performance, its monthly performance is 17.17% and a quarterly performance of 11.69%. The stock price is moving up from its 20 days moving average with 7.87% and isolated positively from 50 days moving average with 12.08%.

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