Taitron Components Incorporated Stock Today
| TAIT Stock | USD 3.16 0.01 0.32% |
Performance0 of 100
| Odds Of DistressLess than 3
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Taitron Components is selling for under 3.16 as of the 24th of April 2024; that is -0.32 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 3.14. Taitron Components has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Taitron Components Incorporated are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of March 2024 and ending today, the 24th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 19th of May 1995 | Category Technology | Classification Information Technology |
Taitron Components Incorporated engages in the supply of original designed and manufactured electronic components, and distribution of brand name electronic components. The company was incorporated in 1989 and is headquartered in Valencia, California. The company has 5.26 M outstanding shares of which 594 shares are at this time shorted by private and institutional investors with about 0.07 trading days to cover. More on Taitron Components Incorporated
Moving together with Taitron Stock
| 0.69 | SCSC | ScanSource Tech Boost | PairCorr |
Moving against Taitron Stock
| 0.5 | DOCU | DocuSign Financial Report 13th of June 2024 | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Taitron Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Taitron Components' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Taitron Components or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Stewart Wang | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Electronics & Computer Distribution, Information Technology, NASDAQ Composite, NASDAQ Composite Total, Information Technology, Electronic Equipment, Instruments & Components, Electronics & Computer Distribution, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Taitron Components report their recommendations after researching Taitron Components' financial statements, talking to executives and customers, or listening in on Taitron Components' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Taitron Components. The Taitron consensus assessment is calculated by taking the average forecast from all of the analysts covering Taitron Components. | ||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Taitron Components' liquidity, profitability, solvency, and operating efficiency, Taitron Components Incorporated is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Taitron Components is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Taitron Components' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Taitron Components' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Taitron Components' financial leverage. It provides some insight into what part of Taitron Components' total assets is financed by creditors.
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Taitron Components Incorporated (TAIT) is traded on NASDAQ Exchange in USA. It is located in 28040 West Harrison Parkway, Valencia, CA, United States, 91355 and employs 15 people. Taitron Components is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 19.09 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Taitron Components's market, we take the total number of its shares issued and multiply it by Taitron Components's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Taitron Components conducts business under Electronic Equipment, Instruments & Components sector and is part of Information Technology industry. The entity has 5.26 M outstanding shares of which 594 shares are at this time shorted by private and institutional investors with about 0.07 trading days to cover.
Taitron Components Incorporated currently holds about 5.92 M in cash with 3.15 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.99.
Check Taitron Components Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Taitron Components is $19.09 Million. Taitron Components maintains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the company is less than the current market value, you may not be able generate positive returns on investment in the long run.
Check Taitron Ownership Details
Taitron Stock Price Odds Analysis
Attributed to a normal probability distribution, the odds of Taitron Components jumping above the current price in 90 days from now is about 74.15%. The Taitron Components Incorporated probability density function shows the probability of Taitron Components stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Taitron Components has a beta of 0.2699. This usually implies as returns on the market go up, Taitron Components average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Taitron Components Incorporated will be expected to be much smaller as well. Additionally, taitron Components Incorporated has an alpha of 0.0025, implying that it can generate a 0.002517 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Taitron Components to move above the current price in 90 days from now is about 74.15 (This Taitron Components Incorporated probability density function shows the probability of Taitron Stock to fall within a particular range of prices over 90 days) .
Taitron Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Taitron Components that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Taitron Components' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Taitron Components' value.| Instituion | Recorded On | Shares | |
| Wells Fargo & Co | 2023-12-31 | 339 | |
| Fmr Inc | 2023-12-31 | 6.0 | |
| Jpmorgan Chase & Co | 2023-12-31 | 6.0 | |
| Bank Of America Corp | 2023-12-31 | 2.0 | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 1.0 | |
| Kestra Private Wealth Services, Llc | 2023-12-31 | 0.0 | |
| Renaissance Technologies Corp | 2023-12-31 | 297.2 K | |
| Noesis Capital Management | 2023-12-31 | 264.4 K | |
| Significant Wealth Partners Llc | 2023-12-31 | 182.6 K | |
| Vanguard Group Inc | 2023-12-31 | 147.2 K | |
| Bridgeway Capital Management, Llc | 2023-12-31 | 78.2 K |
Taitron Components Historical Income Statement
Taitron Components Incorporated Income Statement is one of the three primary financial statements used for reporting Taitron's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Taitron Components revenue and expense. Taitron Components Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Taitron Components' Net Income From Continuing Ops is comparatively stable compared to the past year. Non Operating Income Net Other is likely to gain to about 328.4 K in 2024, whereas Other Operating Expenses is likely to drop slightly above 4.7 M in 2024. View More FundamentalsTaitron Stock Against Markets
Picking the right benchmark for Taitron Components stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Taitron Components stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Taitron Components is critical whether you are bullish or bearish towards Taitron Components Incorporated at a given time. Please also check how Taitron Components' historical prices are related to one of the top price index indicators.
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Taitron Components Corporate Executives
Elected by the shareholders, the Taitron Components' board of directors comprises two types of representatives: Taitron Components inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taitron. The board's role is to monitor Taitron Components' management team and ensure that shareholders' interests are well served. Taitron Components' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Taitron Components' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Vanderhorst | CFO and Corporate Secretary | Profile |
How to buy Taitron Stock?
Before investing in Taitron Components, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Taitron Components. To buy Taitron Components stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Taitron Components. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Taitron Components stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Taitron Components Incorporated stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Taitron Components Incorporated stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Taitron Components Incorporated, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Taitron Stock please use our How to Invest in Taitron Components guide.
Already Invested in Taitron Components Incorporated?
The danger of trading Taitron Components Incorporated is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Taitron Components is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Taitron Components. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Taitron Components is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Taitron Components is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Taitron Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Taitron Components Incorporated Stock. Highlighted below are key reports to facilitate an investment decision about Taitron Components Incorporated Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taitron Components Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Taitron Stock analysis
When running Taitron Components' price analysis, check to measure Taitron Components' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taitron Components is operating at the current time. Most of Taitron Components' value examination focuses on studying past and present price action to predict the probability of Taitron Components' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taitron Components' price. Additionally, you may evaluate how the addition of Taitron Components to your portfolios can decrease your overall portfolio volatility.
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Is Taitron Components' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Taitron Components. If investors know Taitron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Taitron Components listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.41 | Dividend Share 0.2 | Earnings Share 0.31 | Revenue Per Share 1.017 | Quarterly Revenue Growth (0.46) |
The market value of Taitron Components is measured differently than its book value, which is the value of Taitron that is recorded on the company's balance sheet. Investors also form their own opinion of Taitron Components' value that differs from its market value or its book value, called intrinsic value, which is Taitron Components' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Taitron Components' market value can be influenced by many factors that don't directly affect Taitron Components' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Taitron Components' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taitron Components is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taitron Components' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.