Taser International Inc. (NASDAQ: TASR) shares rose in value Thursday Dec 15 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Analysts at Zacks Investment Research upgraded shares of Taser International Inc. (NASDAQ: TASR) from Hold to Buy today. With a rating of Buy on the stock, the company has a 52-week high of $30.15. The one-year price target of $32.14 is higher than the opening price of $24.47, resulting a fair amount of other analysts to issue statements on the company recently. Typically, after analysts assign an upgrade report on a stock, they will later issue sporadic revisions, such as a price target change.
Shares of Taser International Inc. (NASDAQ: TASR) opened at $24.47 on Tuesday and has traded in a range between, $24.20 and $24.61, and last traded at $24.42, which represents a spike of $0.22 or 0.91% compared to the previous closing price.
Taser International Inc. (NASDAQ: TASR) now has a market cap of 1.28B.
Taser International Inc. (NASDAQ: TASR) Average Daily Trading Volume
118,610 shares traded hands yesterday, below the norm, out of a total float 51,207,000. Trading volume is likely to increase in the next few days as swing traders often use swings in trading volume to identify heavy volume aggregation or dissemination by institutional investors.
As with all possible breakouts, investors look for volume to be at least 40%-50% greater than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts that research thousands of stocks, so it is good corroboration to see them taking a postion in a stock you’re researching.
Taser International Inc. (NASDAQ: TASR) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
Traders can make more impactful judgments on trades when they track the trading habits of professional investors.
Trades for Taser International Inc. (NASDAQ: TASR) have ranged from $13.56 – 30.15, and the stock now has a 50-day MA of $25.55 and 200-day MA of $25.86. Today’s last price is 19.00%% below the 52 week high of $30.15.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors watch for companies that have been successful at growing their earnings by at least 25% for a 3 year period.
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