CUI Global Inc (CUI)’s Multiple Bottom Chart Pattern Points to Higher Stock Risks

September 17, 2017 - By Nellie Frank

Investors sentiment decreased to 1.2 in Q4 2016. Its down 0.24, from 1.44 in 2016Q3. It fall, as 4 investors sold CUI Global Inc shares while 11 reduced holdings. 5 funds opened positions while 13 raised stakes. 11.83 million shares or 2.29% less from 12.11 million shares in 2016Q3 were reported.
Blackrock Institutional Na has 24,486 shares. Us Bankshares De accumulated 1,000 shares. Natl Bank Of America De reported 4,616 shares or 0% of all its holdings. Brown Advisory Inc, Maryland-based fund reported 12,475 shares. Vanguard Gp Incorporated stated it has 0% in CUI Global Inc (NASDAQ:CUI). Da Davidson invested 0% of its portfolio in CUI Global Inc (NASDAQ:CUI). Raymond James And Assocs owns 57,000 shares for 0% of their portfolio. Van Den Berg Management I Inc reported 180,285 shares. White Pine Ltd invested 1.08% in CUI Global Inc (NASDAQ:CUI). Dimensional Fund Advsr Ltd Partnership invested in 0% or 24,355 shares. Cortina Asset Mgmt Lc invested in 476,571 shares. Heartland Advisors Inc owns 2.26 million shares. Wells Fargo And Mn reported 0% in CUI Global Inc (NASDAQ:CUI). Wasatch Advsrs reported 0.02% of its portfolio in CUI Global Inc (NASDAQ:CUI). Oppenheimer & Co invested 0% in CUI Global Inc (NASDAQ:CUI).

Since May 12, 2017, it had 9 buys, and 0 insider sales for $137,117 activity. The insider CLOUGH WILLIAM J bought $57,320. FORD DANIEL NED had bought 5,000 shares worth $16,590. Shares for $4,823 were bought by White Paul Dwayne on Wednesday, May 31.

The stock of CUI Global Inc (CUI) shows a multiple bottoms pattern with $3.34 target or 6.00 % below today’s $3.55 share price. The 6 months chart pattern indicates high risk for the $74.54 million company. It was reported on Sep, 17 by Finviz.com. If the $3.34 price target is reached, the company will be worth $4.47 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 1.11% or $0.04 on September 15, reaching $3.55. About 38,268 shares traded or 3.45% up from the average. CUI Global Inc (NASDAQ:CUI) has declined 32.86% since September 17, 2016 and is downtrending. It has underperformed by 49.56% the S&P500.

Investors wait CUI Global Inc (NASDAQ:CUI) to report on November, 8. its quarterly earnings Wall Street analysts expect $-0.07 earnings per share, down $0.05 or 250.00 % from last year’s $-0.02 same quarter earnings. CUI Global Inc’s Wall Street analysts see 16.67 % negative EPS growth, taking into account the $-0.06 EPS reproted in the previous quarter,

CUI Global Inc (NASDAQ:CUI) Ratings Coverage

Among 4 analysts covering CUI Global (NASDAQ:CUI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CUI Global had 5 analyst reports since December 23, 2015 according to SRatingsIntel. Dougherty & Company maintained CUI Global Inc (NASDAQ:CUI) on Wednesday, May 11 with “Buy” rating. On Friday, November 11 the stock rating was maintained by Dougherty & Company with “Buy”. On Wednesday, December 23 the stock rating was initiated by Rodman & Renshaw with “Buy”. H.C. Wainwright maintained the stock with “Buy” rating in Thursday, August 10 report.

More notable recent CUI Global Inc (NASDAQ:CUI) news were published by: Prnewswire.com which released: “CUI Global, Inc. to Announce First Quarter 2017 Financial Results on May 10” on April 27, 2017, also Seekingalpha.com with their article: “CUI Global’s (CUI) CEO William Clough on Q1 2017 Results – Earnings Call …” published on May 10, 2017, Prnewswire.com published: “CUI Global To Participate At The Midwest IDEAS Investor Conference On August …” on August 17, 2017. More interesting news about CUI Global Inc (NASDAQ:CUI) were released by: Prnewswire.com and their article: “Arrow Electronics and CUI Global, Inc.’s Wholly-owned Subsidiary, CUI Inc …” published on January 17, 2017 as well as Prnewswire.com‘s news article titled: “Orbital Gas Systems’ VE Technology® independently tested and proven” with publication date: June 12, 2017.

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