Taitron Components Incorporated (TAIT) Stock: A Technology Stock That’s Seeing Declines

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Taitron Components Incorporated (TAIT) is working its way for to the top in the market today. The stock, focused in the technology sector, is currently priced at $4.30 after heading down -20.14% so far in today’s session. When it comes to technology stocks, there are quite a few aspects that have the ability to lead to declines in the market. One of the most common is news. Here are the most recent headlines associated with 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?

Nonetheless, any time investors are making an investing decision, investors should look into far more than just news, this is especially the case in the ever changing tech sector. Here’s what’s happening in regard to Taitron Components Incorporated.

What We’ve Seen From TAIT

Although a decline in a single session, like what we’re seeing from Taitron Components Incorporated might lead to fear in some investors, a single session fall by itself shouldn’t be the reason for a decision to, or not to, invest in a company. It’s always smart to look at trends experienced by the stock for a period longer than a single session. When it comes to TAIT, below are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – In the last seven days, TAIT has generated a change in value in the amount of -29.36%.
  • Past Month – The ROI from Taitron Components Incorporated over the last 30 days works out to 71.66%.
  • Past Quarter – Over the past 3 months, the stock has generated a ROI that works out to 174.78%
  • Past Six Months – Over the past six months, we’ve seen a change that works out to 189.78% from the stock.
  • This Year So Far – Since the open of this year TAIT has generated a ROI of 211.56%.
  • Full Year – Lastly, throughout the past year, we have seen movement amounting to 241.14% out of TAIT. Throughout this period of time, the stock has sold at a high price of -43.73% and a low price of 190.85%.

Ratios To Pay Attention To

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

Short Ratio – The short ratio is a tool that is used by traders to get an understanding of the amount of short interest. The higher this ratio, the more investors believe that the value of the stock is headed for declines. In general, strong tech stocks tend to have a lower short ratio. On the other hand, we tend to see a lot of short squeezes in the sector. Nonetheless, as it relates to Taitron Components Incorporated, the stock’s short ratio clocks in at 0.07.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure whether or not a company can pay for its debts as they mature based on current assets or quick assets. Because in tech, companies are reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look bad. Nonetheless, quite a few gems in the technology space do have positive quick and current ratios. As it relates to TAIT, the quick and current ratios work out to 4.30 and 7.80 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets that are owned by the company. In this case, that ratio comes in at 2.24.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In terms of TAIT, the cash to share value is 0.80.

Investors Tend To Follow The Big Money

One thing I have come to understand so far in my brief time on Earth has been that smart investors tend to follow the moves made by big money. In other words, investors that are trying to keep their investments relatively safe will keep an eye on moves made by institutional investors as well as insiders. With that said, is big money flowing in regard to TAIT? Here’s what’s happening:

Institutions own 13.30% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 4.10% percent of TAIT shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Think About Taitron Components Incorporated

While it’s never a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to consider their analysis in order to validate your own when it comes to making an investment decision in the technology industry. Below are the recent moves that we have seen from analysts as it relates to TAIT.

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Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, TAIT has generated revenue in the amount of $5.60% with earnings coming in at 28.00%. On a quarter over quarter basis, earnings have seen movement of -50.60% and revenue has seen movement of 38.90%.

Looking At Share Counts

Traders seem to like to know the total numbers of shares both available and outstanding. In regard to Taitron Components Incorporated, there are currently 5.60M with a float of 3.04M. These data mean that of the total of 5.60M shares of TAIT that are out there today, 3.04M are able to be traded on the public market.

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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