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Stocks on Trader’s Radar: Sigma Designs, Inc. (SIGM), Darden Restaurants, Inc. (DRI), Acadia Healthcare Company, Inc. (ACHC)

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Sigma Designs, Inc. (SIGM) managed to rebound with the stock climbing 3.17% or $0.2 to close the day at $6.5 on light trading volume of 1.4M shares, compared to its three month average trading volume of 435.23K. The Fremont California 94538 based company has been outperforming the semiconductor – specialized group over the past 52 weeks, with the stock gaining 1.56%, compared to the industry which has advanced 81.91% over the same period. With RSI of 61.82, the stock should still continue to rise and get closer to its one year target estimate of $8.58, making it a hold for now.

Sigma Designs, Inc., an integrated semiconductor solutions provider, provides intelligent media platforms for use in the home entertainment and home control markets. The company’s media processor product line includes a range of platforms that are based on integrated chips, embedded software, and hardware reference designs. Its media connectivity product line comprises wired home networking controller chipsets that provide connectivity solutions between various home entertainment products and incoming video streams. The company’s Internet of things devices consist of wireless Z-Wave chipsets and modules that enable home security, and environmental and energy control and monitoring in new and existing homes. It also offers legacy products; and software development kits, engineering support services for hardware and software, engineering development for customization of chipsets, and other accessories. The company markets and sells its products through direct sales force, manufacturer representatives, distributors, and resellers to end-product manufacturers, original equipment manufacturers, and original design manufacturers in Asia, North America, Europe, and internationally. Sigma Designs, Inc. has a collaboration agreement with Telechips, Inc. to develop and market advanced SoC solutions for the ultra-high-definition IP streaming set-top boxes. The company was founded in 1982 and is headquartered in Fremont, California.

Darden Restaurants, Inc. (DRI) fell -0.66% during last trading as the stock lost $-0.5 to finish the day at $75.74 with about 1.4M shares changing hands, compared to its three month average trading volume of 1.64M. The $9.26B market cap company, which fluctuated between $75.27 and $76.3 during the day, currently situated 33.54% above its 52 week low of $59.5 and -3.9% away from its one year high of $79.43. The RSI of 61.35 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2016, it owned and operated 1,536 restaurants, which included 843 Olive Garden, 481 LongHorn Steakhouse, 54 The Capital Grille, 65 Yard House, 40 Seasons 52, 37 Bahama Breeze, and 16 Eddie V’s restaurants. The company was founded in 1968 and is headquartered in Orlando, Florida.

Acadia Healthcare Company, Inc. (ACHC) saw its value increase by 3.78% as the stock gained $1.52 to finish the day at a closing price of $41.76. The stock was higher in trading and has fluctuated between $32.54-$65 per share for the past year. The shares, which traded within a range of $40.09 to $42.13 during the day, are up by 6.86% in the past three months and down by -20.79% over the past six months. It is currently trading 7.74% above its 20 day moving average and 13.03% above its 50 day moving average. Analysts believe the company can continue to increase in value to reach at $51 a share over the next twelve months. The current relative strength index (RSI) reading is 73.66. The technical indicator do not lead us to believe the stock will see more gains any time soon.

Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States, the United Kingdom, and Puerto Rico. Its acute inpatient psychiatric facilities offer evaluation and crisis stabilization of patients with severe psychiatric diagnoses; specialty treatment facilities include residential recovery facilities, eating disorder facilities, and comprehensive treatment centers providing a comprehensive continuum of care for adults with addictive disorders and co-occurring mental disorders; and residential treatment centers treat patients with behavioral disorders in a non-hospital setting, including outdoor programs. The company also provides outpatient community-based services, such as community-based programs that are designed to provide therapeutic treatment to children and adolescents who have a clinically-defined emotional, psychiatric, or chemical dependency disorder. In addition, it offers mental health services; rehabilitation services comprising relapse prevention and social integration services, as well as vocational opportunities; acute services for patients at risk to themselves or others, as well as crisis intervention and treatment of behavioral emergencies; and care homes, which provide long-term and non-acute care for adults suffering from mental illness, addiction, learning disability, or brain injury. Further, the company provides other services, such as education and children’s services for children and young people with special educational needs; adult and elderly care services; and care first services for employees. As of June 30, 2016, it operated a network of 591 behavioral healthcare facilities with approximately 17,800 beds. The company was founded in 2005 and is headquartered in Franklin, Tennessee.

 

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