Is It Right Time to Be Bullish on TransEnterix Inc. (NYSE:TRXC), Olin Corporation (NYSE:OLN)?

The shares of TransEnterix Inc. (NYSE:TRXC) has been pegged with a rating of Sector Perform by RBC Capital Mkts in its latest research note that was published on August 08, 2019. The Healthcare company has also assigned a $1 price target. RBC Capital Mkts wasn’t the only research firm that published a report of TransEnterix Inc., with other equities research analysts also giving their opinion on the stock. Piper Jaffray advised investors in its research note published on May 22, 2019, to Neutral the TRXC stock while also putting a $1.60 price target. The stock had earned Buy rating from BTIG Research Markets when it published its report on May 14, 2019. That day the BTIG Research set price target on the stock to $3. Ladenburg Thalmann was of a view that TRXC is Neutral in its latest report on May 29, 2018. Stifel thinks that TRXC is worth Buy rating. This was contained in the firm’s report on October 30, 2017 in which the stock’s price target was also moved to 4.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 1 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $10.75. The price of the stock the last time has raised by 30.57% from its 52-Week high price while it is -98.90% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 26.48.

The shares of the company added by 8.52% during the trading session on Wednesday, reaching a low of $0.33 while ending the day at $0.37. During the trading session, a total of 2.47 million shares were traded which represents a -13.83% decline from the average session volume which is 2.17 million shares. TRXC had ended its last session trading at $0.34. TransEnterix Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.30 TRXC 52-week low price stands at $0.28 while its 52-week high price is $33.22.

The TransEnterix Inc. generated 9.6 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$1.17 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -40.96%. TransEnterix Inc. has the potential to record -1.30 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Tudor Pickering published a research note on November 04, 2019 where it informed investors and clients that Olin Corporation (NYSE:OLN) is now rated as Hold. SunTrust also rated OLN as Downgrade on November 04, 2019, with its price target of $19 suggesting that OLN could surge by 31.55% from its current share price. Even though the stock has been trading at $10.32/share, analysts expect it to surge by 14.15% to reach $17.21/share. It started the day trading at $12.51 and traded between $9.935 and $11.78 throughout the trading session.

A look at its technical shows that OLN’s 50-day SMA is 15.16 while its 200-day SMA stands at 17.74. The stock has a high of $25.34 for the year while the low is $8.76. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 11.42 M shorted shares, the short percentage went lower by -6.53%, as 10.67M TRXC shares were shorted. At the moment, only 7.36% of Olin Corporation shares were sold short. The company’s average trading volume currently stands at 3.60M shares, which means that the short-interest ratio is just 3.17 days. Over the past seven days, the company moved, with its shift of 7.48%. Looking further, the stock has dropped -32.65% over the past 90 days while it lost -35.66% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Fidelity Management & Research Co… sold more OLN shares, decreasing its portfolio by -5.62% during the last quarter. This move now sees The Fidelity Management & Research Co… selling -1,302,084 shares in the last quarter, thus it now holds 21,856,563 shares of OLN, with a total valuation of $353,857,755. BlackRock Fund Advisors meanwhile sold more OLN shares in the recently filed quarter, changing its stake to $280,611,426 worth of shares.

Similarly, The Vanguard Group, Inc. decreased its Olin Corporation shares by 3.18% during the recently filed quarter. After selling 15,108,260 shares in the last quarter, the firm now controls -496,273 shares of Olin Corporation which are valued at $244,602,729. Following these latest developments, around 0.40% of Olin Corporation stocks are owned by institutional investors and hedge funds.