Good Morning!
New Trade Alert: Koss Corp. [ KOSS ]
After the struggles we encountered in the market over the past week I took this whole weekend (sorry mom) to find the perfect alert for you. After hours of searching I think I’ve found the perfect alert to provide us with short term momentum and upside!
Let’s Dive Right In!
It’s all in the technicals and the KOSS chart seems to be setting up for a textbook technical breakout.
These are the key reasons I like KOSS:
- KOSS has an unbelievable low float, just 1.38M shares. Low float stocks are all the rage right now and a few come to mind that have had in excess of 300% moves over the past few months.
- KOSS rallied from an open of 1.93 and reached a high of 2.54 in one February session. One-day gains of 31% were delivered.
- KOSS is currently establishing its upward trend line. RSI is 47 which means the play is coming from a bottom and heading towards its previous highs.
- KOSS is fast approaching its first resistance point of 2.48. Could the play breakout beyond this level? Possible since the 52-week high is 2.55
- KOSS has had subdued daily volatility in recent weeks, however, recent numbers suggests daily volatility is rising. This is a very good reason to get on board now.
- KOSS has seen a 39% jump in third quarter net sales -- $6M.
- KOSS has seen sales for the nine months ended March 31, 2015 increased by 4.9% to $18.511M compared with $17.648M for the same nine month period a year ago.
- KOSS is primed to benefit from the exploding premium headphones market in the US which reached $1B last year.
Headphones Market Now $8.4B And Growing
The global headphones market expanded by nearly 10% in volume last year to reach 286 million units shipped, triggering 16% growth in retail value and revenues of $8.4B, according to a new market report from Futuresource Consulting.
"We're seeing nothing short of a headphones renaissance, with consumers making product choices across a wide price band," says Rasika Iyer, Market Analyst at Futuresource Consulting. "With prices ranging from less than $5 to more than $200 and a gamut of features, consumers have now started to purchase different sets of headphones for different applications, including commuting, sport and in-home listening. In Europe and North America, we're seeing headphone ownership reaching three to four pairs on average, though this includes headphones bundled with smartphones."
About KOSS
KOSS (Koss Corporation) designs, manufactures, and sells stereo headphones and related accessory products worldwide.
KOSS offers high-fidelity stereo, active noise canceling stereo, and wireless stereo headphones; and speaker-phones, and computer and telecommunications headsets, as well as compact disc recordings of American Symphony Orchestras under the Koss Classics label.
Take a look at KOSS’s products HERE.
KOSS Sees 39% Revenue Increase In Third Quarter 2015
KOSS has reported its third quarter results for the quarter ended March 31, 2015.
Sales for the third quarter were $6,001,556 compared to $4,300,373 for the same three month period one year ago, a 39.6% increase.
The three month net income was $57,218, compared to a net loss of $25,121 for the third quarter last year.
Diluted income per common share for the quarter was $0.01 compared with diluted loss per common share of $0.00 for the same three month period one year ago.
Last Trade: 2.30 | SEC Filings | Latest News
Begin your research at http://www.koss.com/en/
KOSS is prime trading real estate so make sure you capitalize on its very strong short term upside potential.
[ 2015: Total Gain Potential, 853% Gains In 44 Alerts ]
[ January: 276% In 8 Alerts ]
[ February: 47% In 10 Alerts ]
[ March: 309% In 11 Alerts]
[ April: 246% In 12 Alerts]
[ May: -25% In 3 Alerts]
Edmund Kaminski
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