NASDAQ:TASR
$5.64
(2/9 12:05PM)
+2.4%
| Open | $5.57 |
Mkt Cap | $341.5 Million |
| High | $5.68 |
52Wk High | $6.69 |
| Low | $5.55 |
52Wk Low | $3.11 |
| Volume | 156,433 |
Avg Vol 10D | 725,500 |
Ockham's Rating/Recommendation Summary
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TASR Revenue
Cash earnings is the most important factor in our analysis, but it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 10 years. For, TASR the high and low end of the Price to Sales per share ratios are 15.53x and 3.86x respectively.
Notice that TASR's current Price to Sales per share ratio is 3.53x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $5.47, TASR is 64% below where we would expect to see it. This will beneficially factor into our final analysis of TASR as it is not often that this stock sinks to these levels.
TASR Cash Earnings
As a value investment framework, Ockham Research is similar to a private equity firm in terms of our valuation methods. We are always on the lookout for value in the form of sales and cash numbers. In the case of TASR, Ockham views their current Cash Earnings as significantly above its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for TASR to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 93.44 and a 38.88 low over the same period.
Therefore, at the current price of $5.47 and a Price to Cash Earnings ratio of 136.75, TASR is significantly overvalued. This diminishes the attractiveness of TASR until we see either a significant increase in cash earnings or a decline in price. A decline of the Price to Cash Earnings ratio of 106% is needed just to return to the historical cash earnings multiple.
TASR Dividends
A positive Ockham rating does not require a company to pay out an inviting dividend or a dividend at all. However, we believe dividends provide a useful measure of a company's inherent expectations. While we do like to see companies with healthy and growing dividends, it is not appropriate for all companies, especially those focused on growth. In this regard, we regard TASR as neutral because we do not have historical data for this company's dividends. We will being incorporating this into our analysis as soon as that data is available.
Countdown to the Closing Bell: Will TASR Test Its 52-week High?
An abnormally high price is obviously a joyous occasion for investors in that stock. See what Countdown to the Closing Bell was talking about for TASR below.
Crowd sentiment is favorable on this stock, as measured by the Motley Fool CAPS survey. When taking into account the amount of news coverage each stock normally sees as a percentage of the total, TASER International, Incorporated has actually sunk a bit in comparison to the others. The Ockham valuation currently has a Fairly Valued stance on TASR because it trades within the price range that we would expect given current market conditions and fundamentals. But as the price has risen in the last week, we have begun to look slightly less favorably on the valuation. Take notice of the news on this stock because it is up $1.11 since the close of trading yesterday.
“… Quarter profit this is maker of metal products benefiting from cost containment and of course those high steel prices the stock is up about 21% today and number one TASER ... …”
TASER International, Incorporated (TASR) Discussed on Fox Business's Fox Business
TASER International, Incorporated is in the news. Find out how this impacts TASR trading on Ockham Research.
>> tom: coming up tomorrow we've got a very special guest, the chairman of TASER INTERNATIONAL, tom smith, will join us at this time same time, same channel so be right here, "fox business," noon. >> cheryl: it is time for best my latest commentary at i'm on facebook.Com and that's where all the presidential speech jokes come. You guys are always writing me back and I love it. Joining us now, stuart varney with another hour of "fox business" coming up. He likes the noon eastern time I don't know what it is about this president. It's me, I think. He just wants to be on television. How are you, sir? >> i'm well, young lady. I have a completely different best guess from anything to do with president obama. I want to talk about dell and per row systems. Backs up something we've been saying. There's a shift in the computer a shift from desk tops and laptops and towards the smart phone. I think that's where mobile computing is taking place. Dell's move to take over perot is defensive, backing up its broader based business because not competitive in the smaller phone business. A defensive move by dell. >> cheryl: jim? >> obama's facing a lot of head winds from congress, the
“… 'm on facebook.Com and that's where all the presidential speech jokes come. You guys are always writing me back and I love it. Joining us now, stuart varney with another hour of "fox business" coming up. He likes the noon eastern time I don't know what it is about this president. It's me, I think. He just wants to be on television. How are you, sir? >> i'm well, young lady. I have a completely different best guess from anything to do with president obama. I want to talk about dell and per row systems. Backs up something we've been saying. There's a shift in the computer a shift from desk tops and laptops and towards the smart phone. I think that's where mobile computing is taking place. Dell's move to take over perot is defensive, backing up its broader based business because not competitive in the smaller phone business. A defensive move by dell. >> cheryl: jim? >> obama's facing a lot of head winds from congress, the …”
TASER International, Incorporated (TASR) Discussed on Fox Business's Bulls & Bears
TASER International, Incorporated is in the news. Find out how this impacts TASR trading on Ockham Research.
>> the parachute raft can be used in search and rescue and operation. >> TASER INTERNATIONAL unveiling its first new model in six this is a taser that can take down three people without reloading.
“… >> the parachute raft can be used in search and rescue and operation. >> TASER INTERNATIONAL unveiling its first new model in six this is a taser that can take down three people without reloading. …”