Daily Stock Reporter is issuing a report on four stocks to watch. DryShips Inc. (NASDAQ:DRYS), Progressive Care Inc (OTCMKTS:RXMD), Eagle Bulk Shipping Inc (NASDAQ:EGLE), and Paragon Shipping Inc. (NASDAQ:PRGN) have been added to our watch list today. Continue reading to find out why. – To get daily alerts on top stocks on the OTC, Nasdaq and NYSE subscribe to our newsletter at DailyStockReporter.com.
DryShips Inc. (NASDAQ:DRYS) is an international owner of drybulk carriers and offshore support vessels. DryShips owns a fleet of 20 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1.5 million tons, and 6 offshore supply vessels, comprising 2 platform supply and 4 oil spill recovery vessels. This week the company announced that its annual report on Form 20-F for the year ended December 31, 2015 has been filed with the U.S. Securities and Exchange Commission. This week the stock has moved as high as $3.33, up more than 40% since Monday morning. You Can View the DRYS Chart Here.
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Progressive Care Inc (OTCMKTS:RXMD) is up nearly 90% since the beginning of 2016. Recently the company gained coverage by SeeThruEquity research. In the report, the company’s strengths and weaknesses were identified and a final price target of $0.10 was given. Currently the stock trades in a range between 0.03 and $0.04.
“We have been impressed by the strong growth at Progressive Care. The company’s top line rose by 21% organically last year in 2015 due to new products, sales and marketing efforts, and savvy leadership – despite the company being cash constrained. Looking ahead to 2016E, CEO Shital Mars sees strong 17%+ organic growth, with sales expected to reach at least $16mn and orders per month expected to surpass 21,000 by year’s end,” stated Ajay Tandon, CEO of SeeThruEquity. “Indeed, in March Progressive Care reported $1.5mn in revenue and 18,600 prescription orders. Longer term we see the potential for continued growth at Progressive Care, driven by a new facility, geographic expansion.” Get More Information on RXMD Now!
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Eagle Bulk Shipping Inc (NASDAQ:EGLE) through its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. Since hitting lows of $0.49 on Wednesday, the stock has come back in price by as much as 57% during the early morning session on Thursday. At the end of March the company announced that it has reached an agreement with the Company’s lenders and holders of approximately 75% of the Company’s outstanding equity for a comprehensive balance-sheet recapitalization.. You can view the full EGLE press release HERE.
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Paragon Shipping Inc. (NASDAQ:PRGN) is an international shipping company incorporated under the laws of the Republic of the Marshall Islands with executive offices in Athens, Greece, specializing in the transportation of drybulk cargoes. On Thursday morning the company announced recent developments on its debt agreements, bew building contracts, and additional corporate actions. The stock closed on Wednesday (4/27) at $0.2599 and has managed to increase to highs of $0.995 on Thursday morning. This represents a total rise in price of nearly 300% and its volume has also increased considerably since Wednesday. Get more information on PRGN now, Click Here.
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