Taitron Components Incorporated (TAIT) Stock: Why It’s Headed For The Top

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Taitron Components Incorporated (TAIT) is making a move up in the market in today’s trading session. The stock, focused on the tech sector, is currently trading at $5.39 after heading up 5.69% so far today. In terms of technology stocks, there are a number of factors that have the ability to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent headlines centered around TAIT:

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May-09-19 09:37AM What You Must Know About Taitron Components Incorporated’s (NASDAQ:TAIT) Beta Value
May-03-19 04:01PM Taitron Announces Quarterly Cash Dividend
Apr-19-19 09:23AM Does Taitron Components Incorporated (NASDAQ:TAIT) Have A Volatile Share Price?
Mar-27-19 08:36AM Why Taitron Components Incorporated (NASDAQ:TAIT) Is An Attractive Investment To Consider
Mar-04-19 12:25PM How Do Taitron Components Incorporateds (NASDAQ:TAIT) Returns On Capital Compare To Peers?

However, any time investors are making a decision with regard to investing, prospective investors should take a look at far more than news, especially in the ever evolving tech space. Here’s what’s happing when it comes to Taitron Components Incorporated.

Returns That TAIT Investors Have Seen

Although a move up on a single session, like the gain that we’re seeing from Taitron Components Incorporated might cause excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is generally smart to dig into trends experienced by the stock just a single trading session. As it relates to TAIT, below are the returns on investment that we’ve seen:

  • Past 5 Sessions – In the last week, TAIT has seen a price change in the amount of -21.54%.
  • Past 30 Days – The monthly returns from Taitron Components Incorporated comes to 64.67%.
  • Past Quarter – Over the last 3 months, the stock has generated a return on investment that works out to 155.97%
  • Past 6 Months – Throughout the last six months, investors have seen a performance that amounts to 178.69% from the stock.
  • This Year So Far – Since the the first trading session of this year TAIT has resulted in a ROI of 194.80%.
  • Annually – Finally, throughout the last full year, investors have seen performance in the amount of 235.48% from TAIT. In this period of time, the stock has traded at a high price of -29.54% and a low of 264.19%.

Important Ratios

Digging into various key ratios associated with a stock can provide prospective traders a view of how dangerous and/or potentially profitable a stock pick may be. Here are some of the most important ratios to think about when digging into TAIT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the stock is headed for declines. Across the sector, strong technology stocks can carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, when it comes to Taitron Components Incorporated, it’s short ratio comes to 0.07.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Basically, they measure the company’s abilities to pay for its debts as they mature using current assets or quick assets. Because in tech, companies are heavily reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can seem bad. However, several good picks in the tech space do have good quick and current ratios. As it relates to TAIT, the quick and current ratios come to 4.30 and 7.80 respectively.  

Book To Share Value – The book to share value compares the the share price to the book value of assets owned by the company. In this particular case, that ratio works out to 2.24.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio comes to 0.80.

Moves From Big Money Players

An interesting fact I’ve learned in my brief period on Earth has been that smart money tends to follow the moves made by big money investors. So, investors that want to keep their investments relatively safe will watch trades made by institutions as well as insiders of the company. With that said, how does the big money flow as it relates to TAIT? Here’s the information:

  • Institutional Investors – At the moment, institutions own 13.30% of the company. Nonetheless, it is worth mentioning that institutional ownership has changed in the amount of 0 in the last 3 months.
  • Investors On The Inside – As far as insiders go, insiders of the company currently hold 4.10% of Taitron Components Incorporated. Insider ownership of the company has changed in the amount of 0.00% in the last quarter.

What Analysts Say About Taitron Components Incorporated

Although it’s never a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their opinions to validate your own thoughts before making an investment decision in the tech sector. Below are the most recent moves that we have seen from analysts as it relates to TAIT.

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Financial Performance

What have ween seen from TAIT in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, Wall St. analysts are expecting that Taitron Components Incorporated will create earnings per diluted share that comes to 0, with 0 to be announced in the next financial report. Although this data isn’t earnings driven, since we’re chatting about analysts, the stock is currently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the worst average analyst rating and 5 is the best possible.
  • 5-Year Sales – Over the past half decade, Taitron Components Incorporated has generated a movement in sales that comes to a total of 5.60%. Earnings per diluted share over the last 5 years have generated movement in the amount of 28.00%.
  • Quarter Over Quarter – In terms of quarter over quarter earnings performance, or Q/Q data as it is generally explained in the human world, Taitron Components Incorporated has experienced a earnings change by -50.60%. TAIT has also experienced a change with regard to sales volume in the amount of 38.90%.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 5.60M shares of Taitron Components Incorporated outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TAIT has a float of 3.04M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TAIT, the short percent of the float is 0.47%.

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