Bullish Or Bearish For TSS Inc (NASDAQ: TSSI) In 2024

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TSS Inc (NASDAQ:TSSI) shares, rose in value on Wednesday, November 20, with price down by -6.23% to the previous day’s close as strong demand from buyers drove the stock to $7.53.

Actively observing the price movement in the last trading, the stock closed the session at $8.03, falling within a range of $7.26 and $8.2. The value of beta (5-year monthly) was 0.908 whereas the PE ratio was 43.48 over 12-month period. Referring to stock’s 52-week performance, its high was $12.99, and the low was $0.24. On the whole, TSSI has fluctuated by 19.73% over the past month.

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With the market capitalization of TSS Inc currently standing at about $169.22 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSSI’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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the price of TSSI currently trading nearly -11.03% and 6.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.73, while the 7-day volatility ratio is showing 18.82% which for the 30-day chart, stands at 11.22%. Furthermore, TSS Inc (TSSI)’s beta value is 0.85, and its average true range (ATR) is 1.08.

A comparison of TSS Inc (TSSI) with its peers suggests the former has fared considerably weaker in the market. TSSI showed an intraday change of -6.23% in last session, and over the past year, it grew by 1831.26%%.

Data on historical trading for TSS Inc (NASDAQ:TSSI) indicates that the trading volumes over the past 10 days have averaged 1.43 and over the past 3 months, they’ve averaged 482.16K. According to company’s latest data on outstanding shares, there are 21.77 million shares outstanding.

Nearly 43.61% of TSS Inc’s shares belong to company insiders and institutional investors own 0.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18102.0 shares as on 2010-03-31, resulting in a short ratio of 0.15. The stock has risen by 2688.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSSI stock heading into the next quarter.

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