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Koss Corporation (NASDAQ: KOSS) Stock Price Forecast: $100

Koss Corporation (NASDAQ:KOSS) shares, rose in value on Friday, 08/05/22, with the stock price down by -3.23% to the previous day’s close as strong demand from buyers drove the stock to $8.68.

Actively observing the price movement in the last trading, the stock closed the session at $8.97, falling within a range of $8.51 and $9.24. The value of beta (5-year monthly) was -1.03 whereas the PE ratio was 74.19 over 12-month period. Referring to stock’s 52-week performance, its high was $22.92, and the low was $5.00. On the whole, KOSS has fluctuated by 22.43% over the past month.

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With the market capitalization of Koss Corporation currently standing at about $81.16 million, investors are eagerly awaiting this quarter’s results, scheduled for Jan 26, 2022 – Jan 31, 2022.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KOSS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of KOSS currently trading nearly 9.49% and 17.41% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.56, while the 7-day volatility ratio is showing 8.58% which for the 30-day chart, stands at 10.27%. Furthermore, Koss Corporation (KOSS)’s beta value is -1.05, and its average true range (ATR) is 0.85.

A comparison of Koss Corporation (KOSS) with its peers suggests the former has fared considerably weaker in the market. KOSS showed an intraday change of -3.23% in last session, and over the past year, it shrunk by -50.40%%. In comparison, VOXX International Corporation (VOXX) has moved lower at -2.09% on the day and was down -20.02% over the past 12 months. On the other hand, the price of Universal Electronics Inc. (UEIC) has fallen -8.59% on the day. The stock, however, is off -42.17% from where it was a year ago. The PE ratio stands at 74.19 for Koss Corporation. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -0.16%. Meanwhile, the Dow Jones Industrial Improved by 0.23%.

Data on historical trading for Koss Corporation (NASDAQ:KOSS) indicates that the trading volumes over the past 10 days have averaged 0.99 million and over the past 3 months, they’ve averaged 217.11K. According to company’s latest data on outstanding shares, there are 9.15 million shares outstanding.

Nearly 10.80% of Koss Corporation’s shares belong to company insiders and institutional investors own 6.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.23 million shares as on Jul 14, 2022, resulting in a short ratio of 6.04. According to the data, the short interest in Koss Corporation (KOSS) stood at 2.50% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.21 million. The stock has fallen by -18.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KOSS stock heading into the next quarter.

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