S&W Seed (NASDAQ:SANW) Receiving Somewhat Positive Press Coverage, Analysis Finds
Headlines about S&W Seed (NASDAQ:SANW) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. S&W Seed earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.462666029891 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- S&W Seed Company (NASDAQ:SANW) Insider Mark S. Grewal Sells 29,938 Shares (americanbankingnews.com)
- S&W Seed Company (SANW) Expected to Post Quarterly Sales of $23.73 Million (americanbankingnews.com)
- Analysts Anticipate S&W Seed Company (SANW) Will Post Earnings of -$0.01 Per Share (americanbankingnews.com)
- ETFs with exposure to S&W Seed Co. : August 1, 2017 (finance.yahoo.com)
- ValuEngine Downgrades S&W Seed Company (NASDAQ:SANW) to Sell (americanbankingnews.com)
Shares of S&W Seed (SANW) traded down 1.49% on Tuesday, hitting $3.30. The company’s stock had a trading volume of 126,251 shares. S&W Seed has a 52 week low of $3.25 and a 52 week high of $5.35. The firm’s market cap is $59.33 million. The stock’s 50-day moving average price is $3.87 and its 200-day moving average price is $4.35.
S&W Seed (NASDAQ:SANW) last released its earnings results on Wednesday, May 10th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $27.49 million. S&W Seed had a positive return on equity of 1.53% and a negative net margin of 0.46%. The company’s revenue was down 16.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. Equities analysts expect that S&W Seed will post ($0.02) earnings per share for the current fiscal year.
Several research analysts recently commented on SANW shares. B. Riley reaffirmed a “buy” rating and issued a $9.00 target price on shares of S&W Seed in a research report on Tuesday, May 9th. Piper Jaffray Companies cut S&W Seed from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $6.00 to $4.00 in a research report on Thursday, May 11th. Roth Capital set a $6.00 target price on S&W Seed and gave the stock a “buy” rating in a research report on Saturday, May 13th. Bank of America Corporation started coverage on S&W Seed in a research report on Thursday, June 15th. They issued a “buy” rating for the company. Finally, ValuEngine cut S&W Seed from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.00.
In other news, insider Mark S. Grewal sold 29,938 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $3.50, for a total transaction of $104,783.00. Following the completion of the sale, the insider now directly owns 160,879 shares in the company, valued at approximately $563,076.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Wynnefield Partners Small Cap bought 750,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were bought at an average price of $4.00 per share, with a total value of $3,000,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,645,527 shares of company stock valued at $6,616,386 and have sold 33,219 shares valued at $118,221. Corporate insiders own 12.10% of the company’s stock.
About S&W Seed
S&W Seed Company (S&W) is a global agricultural company. The Company focuses on the breeding, production and sale of alfalfa seed. In addition to its primary activities in alfalfa seed, it also offers hybrid sorghum and sunflower seed germplasm. As of June 30, 2016, the Company sold its alfalfa seed varieties in more than 30 countries across the globe.
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