TACT Stock Summary and Trading Ideas (Transact Technologies | NASDAQ:TACT)

Transact Technologies Inc develops and sells software-driven technology and printing solutions. The company's software is sold under BOHA, AccuDate, Epic, EPICENTRAL, Ithaca, and Printrex brand names. It also provides supplies and consumables used in the printing and scanning activities to restaurant and hospitality, banking, retail, casino and gaming, point of sale automation, lottery, medical, mobile, oil, and gas markets. Majority of the revenue is derived from the casinos and gaming industry followed by the Foodservice technology market. Its geographical segments are the United States and International, of which the majority of its revenue comes from the United States.

Transact Technologies trades on the NASDAQ stock market under the symbol TACT.

As of April 24, 2024, TACT stock price climbed to $4.67 with 33,491 million shares trading.

TACT has a beta of 0.81, meaning it tends to be less sensitive to market movements. TACT has a correlation of 0.04 to the broad based SPY ETF.

TACT has a market cap of $46.68 million. This is considered a Sub-Micro Cap stock.

Last quarter Transact Technologies reported $13 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-335,000 and exceeded earnings estimates by $.02.

In the last 3 years, TACT stock traded as high as $17.18 and as low as $3.60.

The top ETF exchange traded funds that TACT belongs to (by Net Assets): VTI, VXF, DFAS, DFAT, IWC.

TACT has underperformed the market in the last year with a price return of -23.7% while the SPY ETF gained +24.2%. TACT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -40.1% and -4.9%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

TACT support price is $4.42 and resistance is $4.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TACT stock will trade within this expected range on the day.