Nanophase Technologies (NANX.O), NASDAQ's 11th largest Metal Production & Fabrication company by market capitalisation, fell 6.0c (or 3.7%) to US$1.57 in the week ending Friday February 18. The price is at a premium of 18.8% to the 3-month volume weighted average price of US$1.322. In the past year the premium has been greater than 18.8% just three times, suggesting a topish level and cautious buying at the current price. Compared with the NASDAQ-100 index which rose 13.3 points (or 0.6%) in the week, this represented a relative price change of -4.2%.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraweek low of US$1.50 and a high of US$1.76.
moving average price (MAP): The price to 200-day MAP ratio is 1.28, a bullish indicator. In the past 200 days this ratio has exceeded 1.28 twenty-four times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of US$1.285 is higher than the 200-day MAP of US$1.227, another bullish indicator.
Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: the price to 50-day EMAP ratio is 1.2, a bullish indicator. In the past 50 days this ratio has exceeded 1.2 seven times suggesting further upside. The 50-day EMAP has increased to US$1.324. An increase is another bullish indicator.
Relativities: in the NASDAQ market the stock has a trailing week relative strength of 13.64 indicating it is trailing 86.36% of the market. In the NASDAQ market of 2,388 stocks traded today, the stock has a 6-month relative strength of 43 which means it has underperformed 57.0% of the market.
Volume and turnover period: there were 589,873 shares worth US$920,479 traded. The volume was 1.5 times average trading of 396,467 shares. The turnover rate in the 12 months to date was 117.3% (or a turnover period of 10 months).
% Discount to high: the last price is at a discount of 28.0% to the 12-month high of US$2.18 eleven months ago on 01 Apr, 2010.
Rises to Falls: In the last six months the number of rises outnumbered falls 15:10 or 1.5:1.
THIS WEEK'S PRICE PERFORMANCE RANK IN SECTORS
The stock is in 2 sectors.
The stock's fall of 3.7% for the week went against the trend set by the following index and sectors (rank by percentage price change of stock for 1 week;12 months in sector/index in brackets):
Metal Production & Fabrication sector (rank 10;3 out of 12) which was up 54.6 points or 3.2% to 1,738.2,
Total NASDAQ Market (rank 1887;225 out of 2521) which was up 17.4 points or 0.9% to 1,993.0,
NASDAQ-100 index which was up 13.3 points or 0.6% to 2,392.
The Metal Production & Fabrication company sector is the 54th largest by market capitalisation out of NASDAQ's 69 sectors. It is made up of 12 publicly listed companies with a combined market capitalisation of US$7.3 billion. In 2010 earnings for the sector fell 21.7% compared with those of 2009. The main players in the sector include Royal Gold, Century Aluminum, Kaiser Aluminum and RBC Bearings.
Trailing five weeks: the stock fell eleven times (44% of the time), rose eleven times (44% of the time), was untraded twice (8% of the time) and was unchanged once (4% of the time). The volume was 1.8 times average trading of 2,378,800 shares. The value of US$1,000 invested five weeks ago is US$1,276 [vs US$1,031 for the NASDAQ-100 index] for a capital gain of US$276.
Trailing thirteen weeks: the stock rose thirty times (46% of the time), fell twenty five times (38% of the time), was unchanged eight times (12% of the time) and was untraded twice (3% of the time). The volume was 1.8 times average trading of 6,343,466 shares. The value of US$1,000 invested thirteen weeks ago is US$1,331 [vs US$1,122 for the NASDAQ-100 index] for a capital gain of US$331.
Trailing Two Years: the value of US$1,000 invested two years ago is US$1,619 [vs US$2,024 for the NASDAQ-100 index] for a capital gain of US$619.
In the quarter to September 30, 2010 total revenue of US$2.1 million; net loss of US$1.6 million.
Annual Report for the year ended December 31, 2009 (year-on-year comparisons with previous corresponding period)-
Favourable Changes: Working capital to total assets up 54.38% to 59.3%; Retained earnings to total assets up 53.1% to 502.2%.
Unfavourable Changes: total revenue down 38.12% to $US6.3m; loss of $US4.9m; EPS reduced 23.33% to -23.0 U.S. cents; EBIT Margin of -81.7%; Net tangible assets per share down 23.34% to $US0.66469; operating cash flow is negative; total number of shares outstanding up 0.28% to 21,202,492; total revenue to total assets down 11.17% to 0.4.
Major Common Size Ratios: total current assets to total assets up from 46.29% to 64.15%; cash to total assets up from 3.23% to 24.99%; current inventory to total assets up from 5.15% to 5.67%; current debtors to total assets up from 4.88% to 5.5%; cost of goods sold to sales up from 73.44% to 84.94%; sales and marketing expenses to sales up from 52.78% to 60.96%; interest revenue to sales down from 3.75% to 1.42%; interest expenses to sales down from 1.28% to 0.57%.
Nanophase Technologies vs Metal Production & Fabrication sector [Metal Production & Fabrication sector Total in Brackets]
Revenue of US$6.3 million[2.2% of Aggregate Sector Revenue of US$287.7 million; up from 2.1% in the previous year.]
P/S: The price/sales ratio is 5.3.
Price to NTA: The price to net tangible asset backing per share is 2.4.
Based on 21,202,492 issued shares the market capitalisation is US$33.3 million.
Nanophase Technologies Corporation (Nanophase) is a nanomaterials developer and commercial manufacturer, and produces engineered nanomaterial products for diverse markets, such as sunscreens, personal care, architectural coatings, industrial coating ingredients, plastic additives, water filtration, deoxyribonucleic acid (DNA) bio-sensors, semiconductor polishing, optics polishing and other markets. The Company markets its products globally, including the United States, Europe and Asia. The Company has capability from application development and laboratory samples through pilot production and, finally, commercial production in metric ton capacity. Nanophase has development and application laboratories and manufacturing capacity in two locations in the Chicago area.
REPORTED BUYING AND SELLING
December 22: Nanophase Technologies insider buys
Nanophase Technologies (NANX.O) insider WHITMORE BRADFORD T bought 590,000 shares worth approximately US$631,300 on December 20, 2010. The last price was USD1.07.
December 22: Nanophase Technologies insider sells
Nanophase Technologies (NANX.O) insider SPURGEON CORP sold 590,000 shares worth approximately US$631,300 on December 20, 2010. The last price was USD1.07.
December 22: Nanophase Technologies insider sells
Nanophase Technologies (NANX.O) insider WHITMORE BRADFORD T sold 590,000 shares worth approximately US$631,300 on December 20, 2010. The last price was USD1.07.
BUSINESS NEWS ROUND UP
The last snippet was:
January 13: Nanophase Welcomes W. Ed Tyler to Its Board of Directors
[News Story] ROMEOVILLE, Ill., Jan. 13, 2011 (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (Nasdaq:NANX), a technology leader in nanomaterials and advanced nanoengineered products, is pleased to announce the appointment of Mr. W. Ed Tyler to its Board of Directors. Mr. Tyler's appointment as an independent director is effective as of January 12, 2011. Mr. Tyler is Chairman of the Board of First Industrial Realty Trust, where he has served as a director since 2000.
Source: www. BuySellSignals. com