SWIR recently fell from $21.18 to $11.76, nearly slicing the market cap in half. However, it is now bottoming out on a support line, with a second support line directly underneath at approximately $11.
Here are some quick facts on the company:
• 6 Analysts believe it’s a “Strong Buy,” 4 Believe it’s a “Moderate Buy,” 5 believe it’s a “Hold,” and 1 believes it’s a “Moderate Sell”
• The stock has a P/E Ratio of 8.96 vs. 12.46 for the industry, while its sales growth outperforms the industry by 349%
• The company has $0 debt and $197.24 Million in cash
• 24.49% is held by insiders, while institutions hold 64.30%
• 39% of the float is shorted, which means there could be a huge short squeeze if they are given a reason to cover
• Some of the largest institutional holders of SWIR have been increasing their positions
$12.41 (08/11/08)
