Technical Communications Corporation (TCCO) Stock: Is This Tech Stock Worth Your Investment?

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Technical Communications Corporation (TCCO) is making a move up in the market today. The company, one that is focused in the tech space, is currently trading at $2.56 after heading up 9.48% so far today. In terms of technology stocks, there are a number of aspects that have the ability to generate movement in the market. One of the most common is news. Here are the recent headlines associated with TCCO:

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Aug-09-19 05:00PM Technical Communications Corporation Reports Results for the Three and Nine Months Ended June 29, 2019
Aug-04-19 10:02PM Penny Stocks to Watch for August 2019
Jun-28-19 05:00PM Technical Communications Corporation Reports Notice of Failure to Satisfy a NASDAQ Continued Listing Rule and Notice of Compliance with Listing Rule Relating to Filing of Required Reports
Jun-21-19 06:30PM Technical Communications Corporation Completes Restatement of Prior Financial Statements; Files Form 10-K for the year ended September 29, 2018 and Forms 10-Q/A for Fiscal 2018; and Files Forms 10-Q for the quarters ended December 29, 2018 and March 30, 2019
May-28-19 05:15PM Technical Communications Corporation Announces orders valued at $2.7 Million to Secure Military Communications

However, when making an investing decision, prospective investors should focus on far more than just news, this is especially the case in the ever evolving tech industry. Here’s what’s going on with Technical Communications Corporation.

Recent Movement Out of TCCO

Although a move toward the top in a single session, like the move that we’re seeing from Technical Communications Corporation might cause excitement in some investors, a single session move by itself shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is generally smart to dig into trends experienced by the stock further out than a single session. When it comes to TCCO, here are the returns on investment that investors have experienced:

  • Past Seven Days – In the last seven days, TCCO has generated a price change in the amount of -7.21%.
  • Past 30 Days – The return from Technical Communications Corporation throughout the past month comes to -10.41%.
  • Past Three Months – Over the last quarter, the stock has produced a return on investment that comes to -14.66%
  • Past 6 Months – Throughout the past 6 months, investors have seen a change that equates to -55.20% from the company.
  • This Year So Far – Since the close of last year TCCO has resulted in a return on investment of -11.77%.
  • Full Year – Lastly, in the last full year, we’ve seen performance of -44.98% from TCCO. Throughout this period of time, the stock has sold at a high price of -53.45% and a low price of 15.84%.

Ratios Of Note

Digging into a few key ratios having to do with a company can provide traders a view of just how risky and/or rewarding a pick may be. Here are a few of the most important ratios to think about when digging into TCCO.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors are expecting that the price of the stock is going to tumble. In general, strong technology stocks can have a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to Technical Communications Corporation, it’s short ratio is 0.82.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Essentially, they measure the company’s abilities to cover its debts when they come due based on quick assets or current assets. In the tech industry, companies rely heavily on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem damning. However, several better companies in the technology space come with great quick and current ratios. As far as TCCO, the quick and current ratios add up to 1.10 and 2.30 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, the book to share value ratio is 0.64.

Cash To Share Value – Finally, the cash to share value ratio 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 is 0.

Investors Tend To Follow The Big Money

One thing that I have learned in my short time alive, or somewhat alive has been that good investors tend to follow the moves made by big money investors. Usually, investors that want to keep the risk down will pay close attention to trades made by institutions as well as insiders of the company. So, is big money flowing in regard to TCCO? Here’s the information:

  • Institutions – Currently, institutional investors hold 3.20% of the company. On the other hand, it’s worth noting that the ownership held by institutions has seen a move in the amount of 0 throughout the last 3 months.
  • Insiders – with regard to insiders, members of the management team and others close to TCCO currently own 21.08% of Technical Communications Corporation. Their ownership of the company has moved 0.00% in the past 3 months.

What Analysts Say About Technical Communications Corporation

Although it’s not a good idea to blindly follow the opinions of analysts, it is a good idea to use their opinions in order to validate your own thoughts before making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts when it comes to TCCO.

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What We’ve Seen In Financial Results

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, TCCO has generated revenue in the amount of $-10.00% with earnings coming in at -15.60%. On a quarter over quarter basis, earnings have seen movement of 27.60% and revenue has seen movement of 33.30%.

What You Need To Know About Share Counts

Traders seem to have a heavy interest in the total numbers of shares both available and outstanding. With respect to Technical Communications Corporation, there are currently 1.84M with a float of 1.47M. This means that out of the total of 1.84M shares of TCCO that are out there today, 1.47M are able to trade hands on the public market.

I also find it important to dig into the short percent. Think about it, if a high portion of the float available for trading is shorted, the overall opinion among investors is that the stock is going to fall hard. As far as it relates to TCCO, the percentage of the float that is currently being sold short is 0.63%. Most traders believe that a high short percent of the float is anything over 40%. However, I’ve calculated that anything over 26% is probably going to be a a play that could prove to be very risky.

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