ShotSpotter, Inc. (SSTI) May Still Have a Bit More to Go

Hopefully you got out of ShotSpotter, Inc. (NASDAQ:SSTI) early, as today the stock is trading 3.79% or 1.08 points down from last closing price of $28.52, reaching $27.44 at last check. The SSTI share price has dropped in 2 of the last 5 days and is down -31.75% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 28,263 shares, and in total 205263 shares valued at $5.632 million were seen changing hands compared with 177000 shares valued at $5.048 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the SSTI stock.

ShotSpotter, Inc. (SSTI) shares have notched a 3-month decline of about -31.75%, but has still tumbled -8.53% year to date. By comparison, the stock sank -52.31% over the past 12 months, while it slipped -6.22% over the 1 month. The company’s market cap is around $328.84M, with its short interest ratio standing at 13.08%.

In the current trading session for SSTI, the stock witnessed two major price actions, it rose to a high of $28.96 and was down as much as $27.17 at one point. The high recorded is very low when compared to their 52-week high which is $25.33. The 52-week high is now at -58.59 distance from current price. Their recent low of $66.14 represents a 8.13% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for SSTI is $46.63, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.

The stock of ShotSpotter, Inc. earned $-0.11 per share in the trailing 12 months and has a P/E ratio of -249.45. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 33.19 and lower compared to the sector’s average of 28.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. SSTI also has P/S multiple of 8.15. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.53x.

SSTI‘s last price was down -32.66% as compared to the average trading price of 50 days recorded at $40.75 while enlarging the period to 200 trading days, the average closing price was $33.75. At present, there are 11.53 million in the total number of common shares owned by the public and among those 8.02 million shares have been available to trade. The percentage of shares being held by the company management was 6.7% while institutions stake was 74.1%. The company has generated negative returns on equity over the last 12 months (-4.9%). It managed to keep its gross profit margin at 58.1% over the past 12 months.

When assessing the full upside of the SSTI stock, there is another set of technicals that should be looked into and considered. Its -1.2% decline from moving average of $27.77 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.

Most of the analysts surveyed by Thomson/First Call think quite highly of ShotSpotter, Inc. — 6 analysts rate the stock as a buy with another 0 rating it strong buy. There are 4 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $48.3863 on shares of ShotSpotter, Inc. (NASDAQ:SSTI), which corresponds to 76.33% upside potential than its current market price of $27.44 and implies potential despite the recent drop in the price. However, their current target price has fallen from $50.2613 a month ago and is down handily from the consensus target of $53.2986 a quarter ago.

Let’s briefly check the hedge fund interest towards SSTI stock. Atria Investments LLC changed position in the company and now owns 92,302 shares worth $2,532,767, SEC documents show. Uniplan Investment Counsel Inc. cut assets in the stock as 26184.62 shares have been sold, reducing its stake by -22% to 20,424 shares which are currently valued at $560,435. In addition, Morgan Stanley recently reported that it now owns 15,538 shares making a total of $426,363 based on the recent price. This refelects a change of 17.2% in their ownership.