Sales Growth Analysis: The SunCoke Energy Inc. (SXC), The Meet Group Inc. (MEET)

You should consider shares of SunCoke Energy Inc. (NYSE:SXC) and The Meet Group Inc. (NASDAQ:MEET) if you are looking for a great stocks to invest in. Starting with the SXC shares, which traded at $4.95 at the close of the recent session, dropping -2.75%. On Tuesday, the company’s shares shed -$0.14 from its value which represented in intraday trading. The stock is now -49.28% lower in year-to-date (YTD) trading. SXC’s intraday high was $5.04 while its lowest price touched $4.75. The stock’s 52-week high price is $11.36, which means the current price is at -56.43%. In terms of trading activity, the daily trading volume rose to 1283315 against 200-day average trading volume of 983,107 shares.

What are analyst forecasts for SunCoke Energy Inc. (NYSE:SXC)?

At a consensus rating of 4.00, SXC is trending as a streaking Moderate Buy, as it has been the case a month ago when 2 analysts called it a Moderate Buy. Two months ago, 2 analysts recommended, on average, that SXC stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $5.01 on the day.

Forecasts for SunCoke Energy Inc. (NYSE:SXC) give the stock a fair value for the growth of 38.13% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $8.00, which means the price per share could rise by nearly $3.05. The price range target is between a low of $8.00 and a high of $9.00. The stock would need to gain by about $45.0 to hit the estimated high or 0.92% from its 12-month low.

The consensus among 3 analysts is that it is a good time for one to Overweight in the SunCoke Energy Inc. 2 analysts rate SXC as a Buy, with 0 of 3 analysts rate it as a Sell. 0 have valued the stock as Overweight and 1 have recommended that investors Hold.

SunCoke Energy Inc. (NYSE:SXC) Upgrades and Downgrades

In terms of rating changes, B. Riley FBR on September 30, 2019, Downgrade SunCoke Energy Inc. (SXC) at Neutral. They believe the stock could reach $8 in the near term. Analysts at Seaport Global Securities have assigned a Buy rating for the stock in their research note on April 03, 2018 with an estimated price target of $13. Moreover, Clarksons Platou analysts issued a rating of Buy for the stock on February 09, 2018. On October 21, 2016, the stock earned a Outperform rating due to an analyst call from FBR & Co., while analysts from BofA/Merrill on December 09, 2015 suggested that the stock is Underperform.

The Meet Group Inc. (NASDAQ:MEET) adds $0.13 on Tuesday

The MEET stock has risen 9.94% year-to-date and is currently trading at $5.09, which is -18.82% below its 52-week high. The company shares gained 2.62% on the day and have risen nearly 66.89% off a low hit. At current levels, The Meet Group Inc. has a valuation of about $206.60M. As of 12/03/19, this stock has risen 4.52% during the week and closed at $4.96 in the previous session. However, recent The Meet Group Inc. stock performance shows that MEET shares are 12.36% up over the last month, and 48.83% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.12, with the trailing 12-month share earnings at $0.14. The ratio is expected to be up by 36.10% for the current year 2019 and 26.50% for next year. Over the next 5-year period, earnings per share will be 28.00%. But will the MEET stock surprise in the current quarter results, where the $0.13 actual EPS reported on 9/29/2019 surprised by 8.30% or was higher by $0.01 from the estimated $0.12.

Sales Growth to climb 12.50% for the year

How well will The Meet Group Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $57.3M and $57.9M in current quarter sales. The consensus estimated for the current quarter is $57.58M from sales. Forecasts for this fiscal year are between $211.4M and $212M and the consensus estimate for sales is at $211.71M. MEET has its next quarter sales estimates at between $52.2M and $55.3M, with the quarter-over-quarter growth estimates at 11.50% and the annual growth forecast for the year at 12.50%.

Who owns shares in The Meet Group Inc. (MEET)?

Let’s briefly focus on the share ownership of the The Meet Group Inc. (NASDAQ:MEET) stock, where we find that 61.20% of shares are held by institutions. Luxor Capital Group, LP tops the list of institutional owners as it is holding 12.03 million shares or 16.78% of shares outstanding. Dimensional Fund Advisors LP and Blackrock Inc. held 5.86 million and 5.34 million representing 8.18% and 7.45% respectively at the close of the last trading session. As of Sep 29, 2019, Vanguard Group, Inc. (The) accounted for 3.96 million shares at over 12.98 million. This represented 5.52% of shares outstanding. Acadian Asset Management held 1.85 million shares at over 6.05 million representing 2.58% of shares outstanding.

MEET Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at The Meet Group Inc. (MEET), a total of 19662 shares have been sold by insiders over the last 6 months while 138600 shares were added in the same time span. On 12/19/2018, by the name Luxor Capital Group Lp bought 261604.0 shares worth $1.1 million at the price of $4.08 per share. Filings also show that Luxor Capital Group Lp bought a total of 183000.0 shares on 3/28/2019 valued at $926000.0. Since the last insider activity, the company’s share price has dropped -2.94%.