TASER International, Inc., (SYMBOL: TASR) and the headline says: Taser stock on a stunning tear -- CNN Money
TASER International, maker of electronic control devices used in law enforcement, saw its shares fall a bit today after a 35% price run-up in the last two weeks. Police departments around the country are ordering TASER’s Axon wearable video cameras, causing investor excitement around the company’s earnings growth prospects. The cameras not only aid officers on traffic stops and crime situations, but have proven to dramatically decrease the use of force, and civilian complaints in those situations.
Earnings are expected to grow 15, 19, and 24 percent over the next three years. The PE is high at 36.
It’s probably too late for new investors to catch the recent run-up. Expect the stock to trade in the $10 - $12 area in the near future.
Our Ransom Note trendline says.... HOLD TASER.
Stocks in the News is produced by Ransom Notes Radio and Goodfellow, LLC. Crista Huff manages Goodfellow LLC, a website that recommends outperforming stocks using fundamental and technical analysis.
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