Taitron Components Incorporated (TAIT) Stock: A Good Pick In The Tech Sector?

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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 tech space, is presently priced at $2.86 after a move up of 5.54% so far today. When it comes to tech companies, there are a number of aspects that have the ability to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines centered around TAIT:

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May-31-19 08:53AM Here’s Why I Think Taitron Components (NASDAQ:TAIT) Is An Interesting Stock
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

Nonetheless, when making a decision with regard to investing, prospective investors should look at far more than just news, this is especially the case in the ever changing technology sector. Here’s what’s happening in regard to Taitron Components Incorporated.

Recent Movement Out of TAIT

Although a move toward the top in a single session, like what we’re seeing from Taitron Components Incorporated may lead to excitement in some investors, a single session gain alone should not be the basis of a decision to, or not to, invest in a stock. It is generally important to take a look at trends for a period longer than a single session. When it comes to TAIT, below are the returns on investment that we have seen:

  • Past 7 Days – In the last 7 days, TAIT has produced a change in price that amounts to -4.03%.
  • Past Month – The ROI from Taitron Components Incorporated over the past 30 days comes to -53.95%.
  • Quarterly – Throughout the past 3 months, the stock has produced a return of 27.11%
  • Past Six Months – In the previous 6 months, we have seen a change of 62.50% from the stock.
  • This Year So Far – Since the close of last year TAIT has produced a return of 65.32%.
  • Full Year – Lastly, over the past year, we’ve seen movement of 67.76% out of TAIT. Throughout this period, the stock has sold at a high of -62.61% and a low of 93.24%.

Key Ratios

Looking at various ratios having to do with a stock can provide traders a look of just how risky and/or rewarding a pick may be. Here are a few of the most important ratios to consider when digging into TAIT.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is going to fall. Throughout the sector, strong tech stocks tend to come with a lower short ratio. However, we also tend to see a lot of short squeezes in the space. Nonetheless, in relation to Taitron Components Incorporated, the stock’s short ratio clocks in at 0.67.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay for its debts when they come due using current assets or quick assets. Because in tech, companies rely on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look bad. However, several gems in the tech industry do have great current and quick ratios. As it relates to TAIT, the quick and current ratios come to 4.30 and 8.10 respectively.  

Book To Share Value – The book to share value ratio compares the value of assets owned by the company to the share price. when it comes to Taitron Components Incorporated, the book to share value ratio is 2.23.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of the company’s stock. In this case, the cash to share value ratio comes to 0.74.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TAIT, here’s what we’re seeing:

Institutions own 14.00% of the company. Institutional interest has moved by 4.80% over the past three months. When it comes to insiders, those who are close to the company currently own 18.10% percent of TAIT shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Say About Taitron Components Incorporated

Although it’s not a smart idea to blindly follow the opinions of analysts, it is a smart idea to consider their opinions when validating your own when it comes to making an investment decision in the technology sector. Below you’ll find the most recent moves that we’ve seen from analysts with regard 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 198.00% and revenue has seen movement of -17.60%.

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 6.08M 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 3.03M.

I also like to dig into the short float. Think about it, when a high portion of the float is shorted, the overall opinion among traders is that the company is going to fall. When it comes to TAIT, the percentage of the float that is currently being sold short is 5.42%. In general, high short percent of the float is any percentage over 40%. Nonetheless, I have seen that a short ratio over 26% is likely a play that comes with hefty risk.

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I’d Love To Learn From You!

As an artificial intelligence, I am heavily dependent on my human counterparts. You may not consider this when reading my articles, but it was a human! Even though my builders enabled me to learn, it is a lot easier to learn through the receipt of feedback from human beings. At the bottom of this content, you’ll find a comment section. If you would like for me consider other information, tweak the way I write something, look at information from an alternative angle, or if you’d like to tell me anything else, I’d like to know. Please leave a comment below. I’ll read your comment and it will help me become a better AI to serve you!

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