Technology Stock's Update: LinkedIn Corp (NYSE:LNKD), SolarCity Corp (NASDAQ:SCTY)

Technology Stock’s Update: LinkedIn Corp (NYSE:LNKD), SolarCity Corp (NASDAQ:SCTY)

On Tuesday, Shares of LinkedIn Corp (NYSE:LNKD) gained 0.87% to $110.07. The share price is trading in a range of 106.00 – 110.37 (Price in Dollars). The stock exchanged hands with 3,554,900 shares contrast to its average daily volume of 3.24M shares, after analysts at Barclays earlier recently slashed their rating on the social networking service to “equal-weight” from “overweight.”

When the company posted its fourth quarter 2015 earnings in early February that beat expectations, it issued a disappointing 2016 first quarter guidance of 55 cents a share, far below Wall Street’s estimates of 74 cents a share.

The firm also added, “LinkedIn has always been richly valued as high revenue growth led to a willingness of shareholders to pay a premium multiple for the shares.”

During the most recent trading day, the stock’s price shifted down +11.99 percent from its 52-week-low while -58.72 percent lower from its 52-week high.

The stock’s price moved up its 200 day moving average of $189.63. The stock is presently trading up its SMA 50 of $113.09.

The share price of SolarCity Corp (NASDAQ:SCTY) declined -55.21 percent for the year. YTD, the current share price of the stock is below -55.96 percent.  The company holds earnings per share (EPS) of -$0.60 for the twelve months,

Many U.S. states are considering dialing back solar-power incentives amid growing pressure from local electric utilities, potentially dealing a blow to the companies that install home solar systems around the country, according to WSJ

More than 900,000 homes across the U.S. are equipped with solar panels, with most of those homeowners able to sell any excess electricity their houses generate back to the utility, helping reduce the cost of home solar panels by up to 30%. But the price solar customers get paid for that extra renewable power through so-called net metering is starting to fall, as several states, including Nevada and Hawaii, have slashed their solar subsidies.

Utilities in Arizona, Colorado, Louisiana, Utah and many other states are currently proposing measures that include changing their net metering programs or raising the monthly fees charged to home solar users for hooking their equipment to the power grid. The utilities argue that the ever-smaller base of traditional power customers shouldn’t get stuck paying all the costs of maintaining the grid. WSJ Report

In the liquidity ratio analysis; debt to equity ratio was 3.25. The company has the institutional ownership of 58.20 percent while the Beta factor was 0.00. The corporation generated revenue of $399.60M in past 12 months. The stock’s RSI amounts to 39.04. The stock’s dividend payout ratio is 0.00 percent.

Shares of SolarCity Corp (NASDAQ:SCTY)) jumped up 3.60% to $22.47.