Koss Corporation (NASDAQ:KOS) Stock – What You Should Know
Whether you are looking for a stock for your portfolio or just interested in buying a new one, there are some tips you should keep in mind. The Koss Corporation (NASDAQ: KOS) is a company that makes headphones and audio accessories. The company is headquartered in Milwaukee, Wisconsin. It started making high-fidelity stereophones in 1958 and has continued to develop new products.
Price spikes on the last four up moves
Several stocks have made tremendous gains in the past week. One of those names is Koss Corporation (NASDAQ: KOSS). KOSS shares have jumped 79% in the past three years and have gained 474% in the past five years.
Koss is an electronics company that manufactures stereo headphones and other accessories. The company reported just under $5 million in total revenue for the quarter ending December 31, 2020. The firm is headquartered in Milwaukee, Wisconsin, and employs 37 people.
In the recent up move, the RSI indicator on the stock reached 90, which means that the price is close to being at a peak. This is a sign that it may be time to sell the stock. If you are looking for a new investment, you may want to wait until the price of Koss falls to a much lower level.
This spike in the Koss share price is a reminder of the short squeeze when a stock goes up quickly and is driven by speculators. It’s also an example of a gamma squeeze, where a large buying of short-dated call options drives the stock price up quickly.
Short term triangle
During a bullish uptrend, a triangle pattern indicates that the stock will continue to increase. Conversely, in the case of a bearish uptrend, it can be a sign that the stock’s price will begin to move down.
In symmetrical triangle patterns, the apex represents the support level, and the lowest point of the triangle is the demand line. In a perfect symmetrical triangle, the height of the peak would be the same as the triangle’s width. However, the formation is often busted.
A breakout occurs when the stock price moves outside the triangle’s boundaries. It can also happen in reverse, indicating the trend’s previous order when the price breaks above or below the apex, and long or short trades are initiated.
In a symmetrical triangle, the break is usually early and is followed by a strong move. However, this can be followed by another breakout, which is sometimes more successful than the first. This is because a spike in trading volume typically accompanies the breakouts.
Underperformance in the last year
During the past year, Koss Corporation (KOSS) stock has been trading at an average price of $2. However, this stock has never traded at more than $5 a share. It has been trading below that price point for most of the year.
Several factors may be at play in the Koss market value equation. First, the company has an opportunity to expand its product line. Second, its industry is expected to grow. Third, WallStreetBets trading trends are benefiting the company. These factors may help boost the Koss stock price.
In addition, the Koss stock price reflects the open-market trades. Therefore, investors must weigh the factors mentioned earlier to determine the Koss company’s actual value.
During the past month, the Koss Corporation stock price has soared more than 50%. On Wednesday, the stock closed at $58. That is more than three times the level it closed during the same period last year.
Best stocks for investors to buy right now
Whether you are looking to diversify your portfolio or are just trying to find the best stocks to buy right now, there are some key factors to keep in mind. It would be best if first, you looked for dividend yields and strength in the company itself.
It would be best if you also looked for companies that have a clean balance sheet. This helps them weather inflation and recession better.
The stock market is a challenging and volatile environment. It can be easy to make mistakes and end up losing money. So it’s essential to be on top of trends and stay alert. But if you’re interested in gaining exceptional returns, you will need to invest in stocks with a track record of beating the S&P 500 over the long term.
If you’re a long-term investor, you may see the recent selloff in 2022 as an excellent opportunity to buy growth stocks. This is because many promising companies’ prices are below their 52-week highs.