Stock of the Day: Aware, Inc. Gaps Down; Strong Momentum for Sellers

Stock of the Day: Aware, Inc. Gaps Down; Strong Momentum for Sellers

The stock of Aware, Inc. (NASDAQ:AWRE) gapped down by $0.01 today and has $4.66 target or 12.00% below today’s $5.30 share price. The 5 months technical chart setup indicates high risk for the $119.33 million company. The gap down was reported on Oct, 1 by Barchart.com. If the $4.66 price target is reached, the company will be worth $14.32 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.67% or $0.09 on September 30, hitting $5.3. About 61,161 shares traded hands. Aware, Inc. (NASDAQ:AWRE) has risen 31.84% since February 29, 2016 and is uptrending. It has outperformed by 21.42% the S&P500.

Analysts await Aware, Inc. (NASDAQ:AWRE) to report earnings on October, 27.

According to Zacks Investment Research, “Aware, Inc. is a provider of biometrics software products and development services. The company’s product includes SDKs, software components, workstation applications and a modular, centralized, service-oriented platform. It serves government departments, system integrators and solution suppliers. Aware, Inc. is based in Bedford, Massachusetts.”

Insitutional Activity: The institutional sentiment increased to 2.17 in Q2 2016. Its up 0.50, from 1.67 in 2016Q1. The ratio improved, as 3 funds sold all Aware, Inc. shares owned while 3 reduced positions. 4 funds bought stakes while 9 increased positions. They now own 6.85 million shares or 1.36% more from 6.76 million shares in 2016Q1.
Nationwide Fund Advisors holds 1,965 shares or 0% of its portfolio. Geode Capital Mngmt Limited Company, a Massachusetts-based fund reported 29,721 shares. Zpr Investment Mgmt holds 0.17% of its portfolio in Aware, Inc. (NASDAQ:AWRE) for 20,508 shares. Royal Bancorp Of Canada holds 0% of its portfolio in Aware, Inc. (NASDAQ:AWRE) for 250 shares. Renaissance Techs Ltd Limited Liability Company holds 0.01% of its portfolio in Aware, Inc. (NASDAQ:AWRE) for 663,439 shares. Ladenburg Thalmann Fincl Svcs accumulated 2,000 shares or 0% of the stock. Moreover, Css Il has 0.01% invested in Aware, Inc. (NASDAQ:AWRE) for 24,737 shares. Walleye Trading Ltd Llc reported 100 shares or 0% of all its holdings. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Deutsche Financial Bank Ag has 0% invested in the company for 8,839 shares. Denali Advsr Ltd Limited Liability Company has 351 shares for 0% of their US portfolio. The New York-based Dg Mngmt Ltd Liability has invested 19.74% in Aware, Inc. (NASDAQ:AWRE). Ashfield Cap Prtn Limited Liability Corporation holds 0.06% or 160,108 shares in its portfolio. Acadian Asset Management Ltd Limited Liability Company accumulated 0% or 52,482 shares. Moreover, Sphinx Trading L P has 0.1% invested in Aware, Inc. (NASDAQ:AWRE) for 11,031 shares.

More news for Aware, Inc. (NASDAQ:AWRE) were recently published by: Seekingalpha.com, which released: “It’s About Time You All Became ‘Aware’ Of This Investment” on February 17, 2016. Benzinga.com‘s article titled: “Stocks Hitting 52-Week Highs” and published on September 16, 2016 is yet another important article.

AWRE Company Profile

Aware, Inc., incorporated on March 28, 1986, is a well-known provider of software and services to the biometrics industry. The Company’s software products are used in government and commercial biometrics systems to identify or authenticate people. The Company’s products provide biometric functionality and are used to capture, verify, format, compress and decompress biometric images, as well as aggregate, analyze, process, match and transport those images within biometric systems. The Firm sells its biometrics software services and products through systems integrators and original equipment manufacturers (OEMs), and directly to end user customers.

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