Analyst Update: Jumei, Rewalk Robotics, Aeropostale
Analysts adjusted their ratings on Jumei International Holding Ltd (ADR) (NYSE:JMEI), Rewalk Robotics Ltd (NASDAQ:RWLK), and Aeropostale Inc (NYSE:ARO)
Analysts adjusted their ratings on Jumei International Holding Ltd (ADR) (JMEI), Rewalk Robotics Ltd (RWLK), and Aeropostale Inc (ARO)
Analysts are weighing in today on beauty products peddler Jumei International Holding Ltd (ADR) (NYSE:JMEI), medical device manufacturer Rewalk Robotics Ltd (NASDAQ:RWLK), and apparel retailer Aeropostale Inc (NYSE:ARO). Here's a quick roundup of today's brokerage notes on JMEI, RWLK, and ARO.
- JMEI is getting crushed around midday, as traders disregard the company's first-quarter earnings beat and a pair of bullish brokerage notes. Specifically, Macquarie upgraded the stock to "outperform" from "neutral," and Piper Jaffray lifted its price target to $25 from $16. At last check, Jumei International Holding Ltd was 6.4% lower at $26.25 -- but has still roughly doubled on a year-to-date basis. This is bad news for a recent crop of call buyers. During the past two weeks at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), JMEI has amassed a call/put volume ratio of 9.19 -- higher than 78% of comparable readings from the past year.
- On the other hand, RWLK is erupting on the heels of an upbeat note from Canaccord Genuity -- which raised its assessment of the stock to "buy" from "hold," and its price target to $17 from $11. However, despite the shares 16.6% surge to trade at $12.90, they remain 31.7% lower year-to-date -- and earlier ran up against resistance at their 80-day moving average, currently located at $13.99. Short sellers are likely feeling the heat, as nearly 13% of Rewalk Robotics Ltd's float is sold short -- which would take more than a week to repurchase, at the equity's typical daily trading levels.
- Finally, ARO is taking it on the chin, down 13.2% at $2.25 -- bringing the shares into negative year-to-date territory. The selling pressure comes courtesy of weaker-than-expected first-quarter results and disappointing current-quarter guidance, as well as a subsequent round of bearish analyst attention. Specifically, no fewer than seven brokerage firms reduced their price targets on Aeropostale Inc, with Topeka Capital and UBS trimming their targets to $2.25. Meanwhile, SunTrust Robinson cut its price target to $2.50, saying it continues "to be concerned that the brand is substantially less relevant." Traders have been betting bearishly on the equity for some time now. ARO's 50-day ISE/CBOE/PHLX put/call volume ratio stands at an annual high of 0.50.
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