Most Volatile Stocks: Zalicus Inc (NASDAQ:ZLCS), Sorrento Therapeutics (NASDAQ:SRNE), Ambient Corporation (NASDAQ:AMBT), Net 1 UEPS Technologies (NASDAQ:UEPS)

Zalicus Inc (NASDAQ:ZLCS) slumped -10.37% after the law firm of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Zalicus, Inc. (ZLCS) relating to the proposed merger with Epirus Biopharmaceuticals, Inc. Zalicus Inc (NASDAQ:ZLCS) shares after opening at $1.27 moved to $1.38 on last trade day and at the end of the day closed at $1.21. Company price to sales ratio in past twelve months was calculated as 2.15 and price to cash ratio as 1.76.

Sorrento Therapeutics, a clinical stage biopharmaceutical company, has not seen any estimate revision over the past month, and its current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump. Sorrento Therapeutics Inc (NASDAQ:SRNE) shares advanced 9.33% in last trading session and ended the day on $10.55. SRNE return on equity ratio is recorded as -86.10% and its return on assets is -65.10%. Sorrento Therapeutics Inc (NASDAQ:SRNE) yearly performance is -40.91%.

Ambient Corporation (NASDAQ:AMBT) is currently trading in a very volatile manner; the stock made a substantial gain in the previous week, but seems to be on a downward bias in its recent few trading sessions and has lost all the gains it made previously. The traders can go short on the stock with a short term target of $1.36 and traders looking to bear a greater risk can short the stock with a target of $1.26 with a strict stop loss of $1.62. Ambient Corporation (NASDAQ:AMBT) shares moved down -0.76% in last trading session and was closed at $1.30, while trading in range of $1.11 – 1.35. Ambient Corporation (NASDAQ:AMBT) year to date (YTD) performance is -51.13%.

Net 1 UEPS Technologies Inc (NASDAQ:UEPS) dropped Thursday after The Constitutional Court of South Africa, the nation’s highest court, ordered the cancellation of a contract awarded to the electronic payment systems technology company. Net 1 UEPS Technologies Inc (NASDAQ:UEPS) weekly performance is -7.37%. On last trading day company shares ended up $8.98. Net 1 UEPS Technologies Inc (NASDAQ:UEPS) distance from 50-day simple moving average (SMA50) is -9.01%. Analysts mean target price for the company is $13.50.