Koss Corporation (NASDAQ:KOSS) price on Friday, Jun 04, dropped -1.52% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $30.36.
A look at the stock’s price movement, the level at last check in today’s session was $30.83, moving within a range at $29.00 and $31.64. The beta value (5-Year monthly) was -2.5 while the PE ratio in trailing twelve months stood at 642.29. Turning to its 52-week performance, $127.45 and $1.13 – were the 52-week high and 52-week low respectively. Overall, KOSS moved 71.66% over the past month.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KOSS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
In the market, a comparison of Koss Corporation (KOSS) and its peers suggest the former has performed considerably weaker. Data shows KOSS’s intraday price has changed -1.52% today and +2628.32% over the past year. Comparatively, Sony Group Corp (SONY) has moved +1.97% so far today and only +47.85% in the past 12 months. Looking at another peer, we see that Dolby Laboratories (DLB) price has surged 1.12% on the day. However, the stock is 50.99% off its price today a year ago. Moreover, Sonos Inc (SONO) is also down -1.52% in today’s trading while keeping an uptrend of 2628.32% over the past year. If we look at the PE ratio, we find that Koss Corporation’s ratio stands at 642.29 compared to Sony Group Corp’s 11.56 and Dolby Laboratories’s 32.34. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.68% and 0.27% respectively on the day as seen in early trades.
If we refocus on Koss Corporation (NASDAQ:KOSS), historical trading data shows that trading volumes averaged 5.55 Million over the past 10 days and 3.57 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 8.52 Million shares.
As per Thomson Reuters, 69.93% of Koss Corporation’s shares are in the hands of company insiders while institutional holders own 7.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 530.16 Million on April 29, 2021, giving us a short ratio of 0.5. The data shows that as of April 29, 2021 short interest in Koss Corporation (KOSS) stood at 6.22% of shares outstanding, with shares short dropping from 833.55 Million registered in March. Current price change has pushed the stock +796.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KOSS stock continues to rise going into the next quarter.