TASER International, Inc. (NASDAQ:TASR) manufactures electronic devices, including the eponymous gadget used by professionals in the military and law-enforcement fields. The stock has charged up the charts of late, adding more than 80% during the last 12 months to trade at $16.71. More recently, TASR has outperformed the broader S&P 500 Index (SPX) -- on a relative-strength basis -- by nearly 10 percentage points during the last month.
Earlier this month, the company announced several new orders it inked in late 2013 for its Smart Weapon products. The stock subsequently gapped on the news, but has since consolidated some of these gains and is testing support in the $17 area. Also of note, the shares are fresh off a retest of support at their 20-week moving average.
Despite the stock's performance on the charts, it has its fair share of skeptics. Wall Street, for example, can hardly be bothered to pay attention. Just three brokerage firms follow the shares, collectively awarding two "strong buys" and a lone "hold." Any positive initiations on the stock could lure additional buyers off the sidelines.
The options crowd, meanwhile, maintains a bearish bias. The stock's Schaeffer's put/call open interest ratio (SOIR) of 0.38 ranks higher than 96% of similar readings taken over the last 12 months. In other words, short-term traders have rarely been more put-focused over the last year. In a similar vein, TASER's 50-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) registers in the 72nd annual percentile.
The company is slated to visit the earnings confessional before the open on Wednesday, Feb. 26. Analysts are targeting a per-share profit of 7 cents, in line with year-ago results. TASR has matched or exceeded Wall Street's consensus outlook in seven of the last eight quarters, and has posted an average gain of 4.3% in the subsequent session.
Speculators interested in capitalizing on TASER International, Inc.'s (NASDAQ:TASR) recent technical strength might consider scooping up the June 14-strike call, currently asked at $4.50.
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