I expect shares to surpass $26 within the next 52 weeks.Ī tiny company with a market capitalization of just $75 million, Full House owns, operates, and invests in casinos and other hospitality properties.įull House posted a tremendous third quarter, pushing shares higher by over 20% in November alone. I recommend entering long now in the $17.50 to $18.35 range. Bullishly, ShotSpotter became debt-free last quarter, freeing up resources for expansion. Looking forward into 2018, the company fully expects to see a revenue range between $30 and $32 million. Gross profits soared by over 110% during the same quarter. Revenue guidance for the full year 2017 was also ramped higher to $23 million on the back of 50% margins. In the third quarter 2017, ShotSpotter posted revenues of nearly $7 million, crushing same-period 2016 number by 72%. SSTI specializes in a unique gunshot detection system that helps law enforcement officials and security personnel identify, locate, and deter gun violence.Īs you probably expect, quarterly revenues are soaring from the same time last year. ShotSpotter is a $190 million company that is trying to do something to stem the tide. Nearly every day there is a new incident of extreme behavior from an individual or group. Unfortunately, violence seems to be becoming a way of life in the United States. I expect to see the stock in the $20 per share zone within the next 52 weeks.
Purchasing on a breakout above the channel and 50-day SMA at $17 per share makes solid technical sense. Shares have been channeling between $16 and $17 for the last six weeks, with the 200-day SMA acting as support. These and other additions will continue to power the shares higher. This improvement can be attributed to higher revenues from recent acquisitions by the capital markets group. The company posted total revenues of $92 million in the third quarter 2017, compared with $57 million during the same time last year. Riley seeks to purchase small-cap companies and other assets it views as undervalued. This unusual microcap operating as a FINRA-licensed broker-dealer and an independent investment bank is setting up to be an ideal buying opportunity. Based on the technical and fundamental growth, I expect to see shares trading above $11 within the next 18 months. Investors will need to be patient and wait for the stock to cross $6 per share before buying. The stock just broke above its 200-day simple moving average (SMA), but the price is approaching a possible double top. Net income attributable to stockholders moved higher by 66% to $13 million, or $0.67 per basic and diluted share, against $8 million, or $0.40, in the same period of 2016. At the same time, operating income increased 110% to $18 million from $8.8 million at the same period last year. Net sales increased 29% to $164 million, compared with $127 million in the first six months of 2016. The stock has soared over 90% this year, thanks to improved fundamentals for first six months of 2017.
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