TransAct Technologies Incorporated (TACT) Stock: Is This Tech Stock Worth Your Time?

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TransAct Technologies Incorporated (TACT) is trending up in the market today. The stock, one that is focused on the technology industry, is presently trading at $9.14 after heading up 3.16% so far in today’s session. In terms of tech stocks, there are several factors that have the potential to generate 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 TACT:

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Jun-11-19 10:00AM TransAct Secures Largest To-Date Order for BOHA! Solution Deployments
Jun-10-19 02:54PM What Kind Of Investor Owns Most Of TransAct Technologies Incorporated (NASDAQ:TACT)?
Jun-05-19 11:15AM TransAct Technologies to Participate in 2019 East Coast IDEAS Investor Conference on June 12
May-30-19 10:00AM Emanuel Hilario and Haydee Olinger Elected to Transact Technologies Board of Directors
May-21-19 08:50AM One Thing To Remember About The TransAct Technologies Incorporated (NASDAQ:TACT) Share Price

Nonetheless, any time investors are making an investing decision, prospective investors should look into much more than news, this is especially the case in the ever changing technology industry. Here’s what’s going on with TransAct Technologies Incorporated.

Recent Moves From TACT

While a move up on a single session, like the gain that we’re seeing from TransAct Technologies Incorporated might lead to excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, buy a company’s stock. It’s always important to take a look at trends experienced by the stock further out than a single trading session. When it comes to TACT, below are the returns on investment that we have seen:

  • Past 5 Sessions – Throughout the past five trading sessions, TACT has produced a change in price amounting to 2.67%.
  • Past 30 Days – The ROI from TransAct Technologies Incorporated in the last month has been -4.83%.
  • Past Three Months – Throughout the last 3 months, the company has generated a ROI that works out to 0.45%
  • Past 6 Months – Throughout the previous 6 months, we’ve seen a change of -10.41% from the stock.
  • This Year So Far – Since the the first trading session of this year TACT has generated a return on investment of -1.34%.
  • Annually – Lastly, over the last year, we’ve seen a change of -19.45% out of TACT. Over this period of time, the stock has traded at a high price of -42.69% and a low of 8.81%.

Key Ratios

Looking at various key ratios having to do with a stock generally gives traders a look of how dangerous and/or rewarding a stock pick might be. Here are some of the important ratios to look at when digging into TACT.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. As the ratio climbs, it shows that more investors believe that the value of the stock is headed for declines. Throughout the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to TransAct Technologies Incorporated, it’s short ratio clocks in at 1.00.

Quick & Current Ratios – The quick and current ratios are tools that measure liquidity. Essentially, they measure the company’s abilities to cover its debts when they mature based on quick assets or current assets. In the technology industry, companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can be damning. Nonetheless, several gems in the technology sector do have great current and quick ratios. In terms of TACT, the quick and current ratios work out to 1.90 and 4.50 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the share price. In this case, that ratio is 3.70.

Cash To Share Value – Finally, the cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. In terms of TACT, the cash to share value ratio works out to 0.26.

Is Big Money Interested in TransAct Technologies Incorporated?

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 TACT, here’s what we’re seeing:

Institutions own 50.90% of the company. Institutional interest has moved by -1.03% over the past three months. When it comes to insiders, those who are close to the company currently own 3.50% percent of TACT shares. Institutions have seen ownership changes of an accumulative -3.21% over the last three months.

Analyst Opinions With Regard To TransAct Technologies Incorporated

Although it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to use their analysis to validate your own before making investment decisions in the technology industry. Below are the most recent moves that we’ve seen from analysts when it comes to TACT.

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Nov-07-18 Reiterated B. Riley FBR Buy $16 → $16.50
Jan-26-18 Reiterated B. Riley FBR, Inc. Buy $13 → $17
Mar-11-09 Reiterated Roth Capital Buy $11.50 → $3.50
Mar-11-09 Downgrade Morgan Joseph Buy → Hold
Oct-15-08 Initiated Morgan Joseph Buy $9

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 $0.05. Over the last 5 years, TACT has generated revenue in the amount of $-1.90% with earnings coming in at 4.30%. On a quarter over quarter basis, earnings have seen movement of 13.80% and revenue has seen movement of -4.90%.

Interested In How Many Shares Are Available?

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 7.36M shares of TransAct Technologies 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, TACT has a float of 7.18M.

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 TACT, the short percent of the float is 0.22%.

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I’d Love To Learn From You!

As an artificial intelligence, I’m incredibly dependent on my human counterparts. After all, humans built me! Although, my creator made it possible for me to learn, it is quite a bit simpler to do so when I receive feedback from humans. Below this article, you will find a comment section. If you’d like for me to look at other data, evolve the way in which I write something, comprehend data from an alternative angle, or just about anything else, I’d love to learn. To let me in on your thoughts take a moment to leave a comment below. I will process your comment and I will use it to become a better AI to serve you!

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