Maker

GameStop

Frenzy

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 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
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<p class="has-drop-cap">Koss Corporation (NASDAQ: KOSS) stock surged over 250% today, reigniting interest in the <a href="https://tokenist.com/investing/meme-stocks/" rel="dofollow" class="deco-link">meme stock</a> that first gained attention during the January 2021 trading frenzy. <br><br>Despite the company’s weak fundamentals and lack of recent announcements, the dramatic price movement comes amid speculation on social media platforms (particularly a <a aria-label="post on /r/superstonk (opens in a new tab)" href="https://www.reddit.com/r/Superstonk/comments/1dtv3zj/the_gme_koss_connection_the_spark_to_ignite_the/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">post on /r/superstonk</a> titled “The GME – KOSS Connection: The spark to ignite the basket, and perhaps DFV’s next move?”) and renewed activity from influential retail investors.</p> 
<h3 id="koss-and-meme-stock-renaissance">Koss and Meme Stock Renaissance</h3> 
<p>Koss, a small consumer electronics company known for its headphones, saw its stock price skyrocket to $15.42 by midday, representing a gain of $11.06 or 253.67%. <br><br>This surge follows a 31% increase in after-hours trading on Tuesday, sparked by discussions on the popular Reddit forum r/Superstonk. The stock’s low float of approximately 5.26 million shares and high short interest of 7.7% as of June 15 have contributed to its volatility.</p> 
<p>The renewed interest in Koss coincides with the <a href="https://tokenist.com/gamestop-stock-surges-premarket-as-keith-gill-returns-to-x-after-3-years/" rel="dofollow" class="deco-link">recent return of Keith Gill</a>, known as “Roaring Kitty” on social media, who played a significant role in the <a href="https://tokenist.com/why-the-meme-stock-rally-was-shorter-this-time-and-who-benefited-the-most/" class="deco-link">original GameStop short squeeze</a>. Gill’s reemergence has reignited enthusiasm among retail investors for potential short squeezes in various meme stocks.</p> 
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<h3 id="koss-is-up-360-30-year-to-date">KOSS is Up 360.30% Year-to-date</h3> 
<p>The r/Superstonk post that preceded the price surge highlighted the strong correlation between Koss and GameStop stock movements and Koss’s unique characteristics that make it susceptible to a short squeeze. These include its lack of options chain, which limits manipulation tactics, and its small float, which could theoretically be locked up with a relatively modest investment of $20-40 million.</p> 
<p>Koss’s market metrics reflect the stock’s dramatic movement, with its market capitalization rising to $142.709 million. The company’s year-to-date return has now reached an astounding 360.30%, far outpacing the S&amp;P 500’s 15.94% gain. <br><br>However, it’s worth noting that Koss’s fundamentals remain weak, with declining revenue and continued losses. The company reported a trailing twelve-month revenue of $12.45 million and a net loss of $1.12 million.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<h3 id="br"><br></h3> 
<p>The post <a rel="nofollow" href="https://tokenist.com/headphone-maker-kosss-stock-surges-250-in-echo-of-2021-meme-stock-frenzy/">Headphone Maker Koss’s Stock Surges 250%+ in Echo of 2021 Meme Stock Frenzy</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Headphone Maker Koss’s Stock Surges 250%+ in Echo of 2021 Meme Stock Frenzy

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