TASER International, Inc. (TASR) jumped more than 18.5% today, the most intraday since Jan. 6, after the world’s largest maker of stun guns said it received “five significant follow-on orders of TASER X26 electronic control devices and related accessories” that are expected to be shipped in the fourth quarter.
The stock, currently printing the tape in 5-week high territory above the $4.30 area, has traded over 2.6 million shares, which is more than 8x its 3 month – average daily volume of 380K shares.
Shares of TASR trade at a trailing 12 P/E of 1,620.00 (yep, you read that right), and a forward multiple of 54. Needless to say, the security comes with considerable risk, as an argument could be made that its PPS relative to the co.’s annual net income or profit earned p/sh is overvalued on a valuation basis.
This has not been a good year for Taser Int’l. The co.’s stock has been in a free fall over the past 7 – 8 months losing nearly half of its value. Recently, however the security has attempted to stabilize near its 10 SMA at $4.21.
Over the past 12 months shares of the Scottsdale, Arizona – based Taser Int’l have traded between $3.52 and its 52-week high of $7.88.
At last check, shares of TASR were trading at $4.83, a gain of 18%.
Disclosure: No Position