The stock of TASER International, Inc. (NASDAQ:TASR) gapped down by $2.57 today and has $22.83 target or 6.00% below today’s $24.29 share price. The 7 months technical chart setup indicates high risk for the $1.25B company. The gap down was reported on Oct, 4 by Barchart.com. If the $22.83 price target is reached, the company will be worth $75.00M 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 15.10% or $4.32 during the last trading session, hitting $24.29. About 8.06M shares traded hands or 805.72% up from the average. TASER International, Inc. (NASDAQ:TASR) has risen 24.95% since March 1, 2016 and is uptrending. It has outperformed by 12.73% the S&P500.
Analysts await TASER International, Inc. (NASDAQ:TASR) to report earnings on November, 1. They expect $0.04 EPS, up 33.33% or $0.01 from last year’s $0.03 per share. TASR’s profit will be $2.06 million for 151.81 P/E if the $0.04 EPS becomes a reality. After $0.07 actual EPS reported by TASER International, Inc. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.
TASER International, Inc. (NASDAQ:TASR) Ratings Coverage
Out of 4 analysts covering TASER International (NASDAQ:TASR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. TASER International has been the topic of 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Sidoti initiated the stock with “Buy” rating in Thursday, September 24 report. The firm earned “Buy” rating on Wednesday, November 18 by Ladenburg Thalmann. On Wednesday, July 6 the stock rating was upgraded by CL King to “Buy”. The stock of TASER International, Inc. (NASDAQ:TASR) has “Hold” rating given on Wednesday, August 5 by Zacks. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, January 6 report.
According to Zacks Investment Research, “Taser International, Inc. develops, assembles and markets less-lethal, conducted energy weapons primarily for use in the law enforcement and corrections market. Its advanced Taser weapon offers improved performance over other less-lethal force options used by law enforcement agencies. It can temporarily incapacitate virtually any individual regardless of pain tolerance, drug use, or body size – factors that cause other less-lethal options to have decreased effectiveness. The advanced Taser also has a comparable or lower injury rate than other less-lethal weapons.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.01, from 0.98 in 2016Q1. The ratio turned negative, as 24 funds sold all TASER International, Inc. shares owned while 52 reduced positions. 24 funds bought stakes while 50 increased positions. They now own 37.15 million shares or 0.18% more from 37.09 million shares in 2016Q1.
Blackrock Incorporated owns 11,104 shares or 0% of their US portfolio. Jpmorgan Chase & accumulated 996 shares or 0% of the stock. Blackrock Inv Mgmt Limited Liability owns 218,172 shares or 0.01% of their US portfolio. The California-based Reilly Financial Ltd has invested 0% in TASER International, Inc. (NASDAQ:TASR). Bessemer Grp last reported 48 shares in the company. Great West Life Assurance Can holds 0% of its portfolio in TASER International, Inc. (NASDAQ:TASR) for 8,143 shares. The Texas-based Svcs Automobile Association has invested 0% in TASER International, Inc. (NASDAQ:TASR). Oak Assocs Limited Oh owns 25,130 shares or 0.08% of their US portfolio. First Interstate Fincl Bank last reported 0% of its portfolio in the stock. The Massachusetts-based Rhumbline Advisers has invested 0.01% in TASER International, Inc. (NASDAQ:TASR). National Bank Of Montreal Can holds 0% or 14,042 shares in its portfolio. Geode Management Ltd, a Massachusetts-based fund reported 369,253 shares. Private Na holds 0.05% of its portfolio in TASER International, Inc. (NASDAQ:TASR) for 8,500 shares. Dimensional Fund Advisors Limited Partnership last reported 0.02% of its portfolio in the stock. Pinebridge Limited Partnership accumulated 0.01% or 6,561 shares.
More notable recent TASER International, Inc. (NASDAQ:TASR) news were published by: Fool.com which released: “Why Shares of TASER International, Inc. Plunged 13% Today” on October 03, 2016, also Schaeffersresearch.com with their article: “Analyst Downgrades: Fitbit Inc, Gilead Sciences, Inc., and TASER International …” published on October 03, 2016, Fool.com published: “TASER International, Inc.’s Biggest Win in 2016 So Far” on September 21, 2016. More interesting news about TASER International, Inc. (NASDAQ:TASR) were released by: Fool.com and their article: “TASER International Inc. in 3 Charts” published on September 14, 2016 as well as Fool.com‘s news article titled: “TASER International, Inc.’s Worst Moves in 2016 So Far” with publication date: September 02, 2016.
TASR Company Profile
TASER International, Inc., incorporated on January, 5, 2001, is engaged in development, manufacture and sale of conducted electrical weapons (CEWs) designed for use by law enforcement, military, corrections and private security personnel, and by private individuals for personal defense. The Firm is also engaged in development of connected wearable on-officer cameras, which utilize its cloud digital evidence management solution (Axon solution). The Firm operates through two divisions: the sale of CEWs, accessories, and other services and products (the TASER Weapons segment), and the Axon business, focused on wearables, cloud and mobile products, including Axon video products, TASER Cam and Evidence.com (the Axon segment).
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