Maker

Chewy

Koss

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 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.
</div> 
<p class="has-drop-cap">Koss Corporation (NASDAQ: KOSS) stock has been exhibiting the <a href="https://tokenist.com/investing/meme-stocks/" rel="dofollow" class="deco-link">behavior of a meme stock</a> in the best way possible, but there are no signs of a dump yet. Over the last three months, KOSS shares have now returned over 500% of shareholder value, going from penny stock territory of $2.5 to present price of $15.36 per share at press time.&nbsp;</p> 
<p>Most gains of over 250% happened <a href="https://tokenist.com/headphone-maker-kosss-stock-surges-250-in-echo-of-2021-meme-stock-frenzy/" rel="dofollow" class="deco-link">since Wednesday</a>, July 3rd, making it the next big meme stock. Compared to the 65-day trading volume of 1.93 million, KOSS stock churned 70 million trading volume that day. Out of the 5.22 million public floats, only 7.74% is shorted.</p> 
<p>The question is, does the headphone maker warrant such interest, and how did it arise?</p> 
<h3 id="what-is-koss-bottom-line">What is Koss’ Bottom Line?</h3> 
<p>Although less known than Sennheiser, Audio-Technica<span style="box-sizing: border-box; margin: 0px; padding: 0px;">, or Beyerdynamic, Koss covers the&nbsp;<a href="https://koss.com/collections/top-10-best-koss-wireless-headphones-for-2024/headphone-type_on-ear" target="_blank" rel="noopener nofollow">entire spectrum of customer segments</a>. The Wisconsin company sources high-quality, budget-friendly, professional, and audiophile components to deliver over-ear, on-ear, earbuds, wireless headphones,</span> and accessories.</p> 
<p>With a 60-year history, Koss was the first audio company to commercialize the high-end electrostatic (ES) series in 1968. Various brands have received high praise over the decades, often found across RadioShack’s consumer electronics retail chain.</p> 
<p>Koss exited 2023 with $13 million in net sales, 26% less than in the previous fiscal year. However, Koss’s net income rose significantly during the period, from $1.26 million in 2022 to $8.3 million in 2023. A glance at Amazon reviews of Koss headphones tells a story of 4.5 stars out of 5 on average across the product line.</p> 
<p>Michael J. Koss, the son of founder John C. Koss, noted that pricing on the higher-end products offset the inflationary and labor costs despite a near-4% decline in gross margins. In May’s Q1 earnings ending March, Koss reported a 22% decrease in net sales from the year-ago quarter.</p> 
<p>This leaves the company’s price-to-earnings (P/E) ratio in dubious waters. However, Koss has ample runway ahead with a price-to-book (P/B) ratio of 3.16. As of the <a aria-label=" (opens in a new tab)" href="https://investors.koss.com/node/10931/html" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Q1 report</a>, the company’s cash (and equivalents) reserves are effectively the same as in the year-ago quarter, at $2.9 million. At the same time, Koss’ total liabilities decreased from $7.28 million to $6.48 million.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p> 
 </div> 
</div> 
<h3 id="koss-meme-stock-speculation">Koss Meme Stock Speculation</h3> 
<p>Like GameStop (NASDAQ: GME) and AMC (NASDAQ: AMC), many attempt to decipher the meaning behind Keith Gill’s meme-loaded account on X (Twitter) under Roaring Kitty. As of yet, there is not a single mention of Koss on his entire timeline.&nbsp;</p> 
<p>Nor did he mention audiophiles, headphones, or any number of derivations.</p> 
<p>Unlike Chewy Inc. (NASDAQ: CHWY), which could be portrayed as a reference via Gill’s dog image on June 27th, Koss-related references in meme format are also lacking. In other words, retail interest in KOSS shares is riding on its <a href="https://tokenist.com/investing/penny-stock-patterns/" rel="dofollow" class="deco-link">penny stock potential</a>, which doesn’t take much-organized poking.</p> 
<p>According to Yahoo Finance data, insiders hold 45.34% of KOSS stock. Only 11.86% of the public float is held by institutions, of which the top three are familiar names: Vanguard Group (2.84%), Dimensional Fund Advisors (1.47%), and Blackrock (0.67%).&nbsp;</p> 
<p><span style="box-sizing: border-box; margin: 0px; padding: 0px;">Koss CEO Michael J. Koss&nbsp;<a href="https://investors.koss.com/node/10946/html" target="_blank" rel="noopener nofollow">made the latest insider move on May 30th</a>, selling 15,000 shares. At the time, the&nbsp;</span>KOSS stock price was $4.62 per share.&nbsp;</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><strong><em>Do you think the Koss brand will now become as popular as Audio-Technica? Let us know in the comments below.</em></strong></p> 
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/why-is-headphone-maker-koss-stock-surging-this-week/">Why is Headphone Maker KOSS Stock Surging this Week?</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Why is Headphone Maker KOSS Stock Surging this Week?

Innholdsfortegnelse

Tokenist

Andre artikler publisert på 5. juli 2024

Germany Sells 50,000 Bitcoins and Influences the Market

PawFury (PAW) Crypto’s Presale Predicted To Reach $1, Luring Investors Away From Hedera and Slothana

Fib Analysis Reveals XRP Is on The Verge of Major Price Breakthrough

Sui’s First ‘State Of Sui DeFi’ Report – Part 1

From Virtual to Reality: 5thScape Is Paving the Way to a Billion-Dollar Future in 2024!

$DOP Announces Listing on 7 Exchanges including BYBIT, Kucoin, Gate.io, and Bitfinex

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!