The company said it may use the net proceeds to increase its ownership stake in MoviePass “or to support the operations of MoviePass and MoviePass Ventures.” It also said it might use the expected funds to pay off debt, for “general corporate purposes and transaction expenses,” or to make other acquisitions. See the latest Helios and Matheson Analytics Inc stock price (PINX:HMNY), related news, valuation, dividends and more to help you make your investing decisions. In its announcement Thursday, Helios and Matheson said the offering of 10.5 million shares is expected to close on or about April 23, 2018. Meanwhile, on Wednesday, Helios and Matheson disclosed that an independent auditor had raised “substantial doubt” about MoviePass’s ability to continue operating as “a going concern.” HMNY reported a loss of $150.8 million in 2017, which it attributed to its acquisition of MoviePass in August 2017, on revenue of $10.4 million. Values close to 100 are bad while values close to 0 are good. in the Buy Zone or Sell Zone See how many days this stock has traded above or below historically at its current P/E (Price to Earnings) or P/BV (Price to Book Value). HMNY had actually revealed the stock deal with Verizon on April 5, as part of Helios and Matheson’s acquisition of the Moviefone service from Verizon’s Oath unit. Is Helios and Matheson Information Technology Ltd. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.Earlier this week, HMNY stock rose more than 30% as investors latched on to Verizon’s disclosure of a 9.3% ownership stake in the company. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Today's 'rally' in Helios and Matheson stock may be no more than shorts buying back stock and closing out their short positions before it's too late.ġ0 stocks we like better than Helios and Matheson Analytics So why is 'MoviePass stock' on the rise today instead of falling as shareholders sell in a panicked rush for the exits? My best guess is that investors who've enjoyed the opportunity to make money shorting Helios shares in the past may see the window for continuing to do so slamming shut. by December 18, 2018' (i.e., if shareholders don't suddenly decide to bid up its stock price by more than 50 times for no good reason), 'the Company may be afforded a second 180-calendar day period to regain compliance' (or it may not be so afforded).Īnd failing such an act of grace from the ruling authorities at the Nasdaq, Helios and Matheson 'securities will be subject to delisting' from the exchange, making them much harder to buy (which would presumably add pressure to the stock price). Now that this plan has failed, management notes that 'if the Company does not regain compliance. Helios had hoped that by approving the reverse split, it would be able to boost its stock price up past the $1 threshold required to maintain the stock's listing on the Nasdaq. Analysts publish ratings and price targets on most. Price Targets are an analyst's best guess at where the stock will trade in 12 months. Why is this good news, and why is it causing investors to bid up shares of Helios and Matheson stock in response to a busted plan to reverse split the stock? I honestly don't know. Ratings are directional and typically buy, sell or hold. The 1 analysts offering 12-month price forecasts for Helios and Matheson Analytics Inc have a median target of 1,250.00, with a high estimate of 1,250.00.

Helios and matheson stock buy or sell