TCX Stock Summary and Trading Ideas (Tucows | NASDAQ:TCX)

Tucows Inc is a corporate parent, allocating capital and providing efficient shared services to its three businesses. The Company offers Mobile Service Enabler (MSE) solutions, as well as professional services to other retail mobile providers. The Company is also a distributor of Internet services, including domain name registration, digital certificates, and email. It provides these services through an Internet-based distribution network of Internet Service Providers, web hosting companies, and other providers of Internet services to end-users. It operates in three segments: Ting, Wavelo, and Tucows Domains. It generates the majority of its revenue from Tucows Domains.

Tucows trades on the NASDAQ stock market under the symbol TCX.

As of May 13, 2024, TCX stock price declined to $18.02 with 34,852 million shares trading.

TCX has a beta of 2.54, meaning it tends to be more sensitive to market movements. TCX has a correlation of 0.25 to the broad based SPY ETF.

TCX has a market cap of $197.08 million. This is considered a Micro Cap stock.

In the last 3 years, TCX stock traded as high as $92.93 and as low as $15.65.

The top ETF exchange traded funds that TCX belongs to (by Net Assets): VTI, IWM, VGT, VXF, IWN.

TCX has underperformed the market in the last year with a price return of -34.0% while the SPY ETF gained +27.8%. TCX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.4% and +0.4%, respectively, while the SPY returned +4.3% and +2.5%, respectively.

TCX support price is $17.55 and resistance is $18.68 (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 TCX stock will trade within this expected range on the day.