Stock of the Day: Is Buying KVH Industries, Inc. Here a Winning Strategy?

Stock of the Day: Is Buying KVH Industries, Inc. Here a Winning Strategy?

The stock of KVH Industries, Inc. (NASDAQ:KVHI) hit a new 52-week high and has $10.97 target or 7.00% above today’s $10.25 share price. The 8 months bullish chart indicates low risk for the $169.70M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $10.97 price target is reached, the company will be worth $11.88M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.50% or $0.25 during the last trading session, hitting $10.25. About 20,805 shares traded hands. KVH Industries, Inc. (NASDAQ:KVHI) has risen 3.84% since April 22, 2016 and is uptrending. It has underperformed by 1.57% the S&P500.

Analysts await KVH Industries, Inc. (NASDAQ:KVHI) to report earnings on March, 9. They expect $0.11 EPS, down 57.69% or $0.15 from last year’s $0.26 per share. KVHI’s profit will be $1.82M for 23.30 P/E if the $0.11 EPS becomes a reality. After $0.18 actual EPS reported by KVH Industries, Inc. for the previous quarter, Wall Street now forecasts -38.89% negative EPS growth.

KVH Industries, Inc. (NASDAQ:KVHI) Ratings Coverage

Out of 2 analysts covering KVH Industries (NASDAQ:KVHI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. KVH Industries has been the topic of 4 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of KVH Industries, Inc. (NASDAQ:KVHI) earned “Neutral” rating by Chardan Capital Markets on Tuesday, May 31. On Wednesday, August 5 the stock rating was downgraded by Zacks to “Buy”. Needham maintained KVH Industries, Inc. (NASDAQ:KVHI) on Wednesday, November 4 with “Buy” rating. Needham maintained the shares of KVHI in a report on Wednesday, August 5 with “Buy” rating.

According to Zacks Investment Research, “KVH Europe A/S is a wholly owned subsidiary of USA-based KVH Industries, Inc. KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than one lakhs mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their home and offices.”

Insitutional Activity: The institutional sentiment increased to 1.76 in 2016 Q2. Its up 0.86, from 0.9 in 2016Q1. The ratio is positive, as 6 funds sold all KVH Industries, Inc. shares owned while 24 reduced positions. 5 funds bought stakes while 22 increased positions. They now own 10.72 million shares or 0.10% less from 10.73 million shares in 2016Q1.
Tower Research Capital Ltd Liability (Trc) accumulated 0% or 1,428 shares. Perritt Capital Mgmt owns 381,932 shares or 0.78% of their US portfolio. Blackrock Inc has invested 0% of its portfolio in KVH Industries, Inc. (NASDAQ:KVHI). Teachers Advsrs Incorporated has 22,976 shares for 0% of their US portfolio. State Common Retirement Fund has 0% invested in the company for 14,700 shares. Bnp Paribas Arbitrage accumulated 0% or 597 shares. Manatuck Hill Lc owns 182,373 shares or 0.62% of their US portfolio. Harvey Ptnrs Lc last reported 2.81% of its portfolio in the stock. Needham Investment Ltd Liability Com reported 1.08 million shares or 2.29% of all its holdings. Genesee Valley Com has 0.07% invested in the company for 14,318 shares. Northern Trust holds 180,931 shares or 0% of its portfolio. Oppenheimer And Inc has 39,786 shares for 0.01% of their US portfolio. Fca Tx last reported 0.12% of its portfolio in the stock. Blackrock Fund Advsrs last reported 0% of its portfolio in the stock. Bancorporation Of Montreal Can holds 283 shares or 0% of its portfolio.

Insider Transactions: Since August 19, 2016, the stock had 1 insider buy, and 0 selling transactions for $75,533 net activity. $75,533 worth of shares were bought by McCarthy John Francis Jr on Friday, August 19.

Another recent and important KVH Industries, Inc. (NASDAQ:KVHI) news was published by Zacks.com which published an article titled: “Why KVH Industries (KVHI) Could Shock the Market Soon” on November 11, 2016.

KVHI Company Profile

KVH Industries, Inc., incorporated on August 16, 1985, is a maker of solutions that provide high-speed Internet, television and voice services through satellite to mobile users at sea and on land. The Firm also provides commercially licensed entertainment, including news, sports, music and movies, to commercial and leisure clients in the maritime, hotel and retail markets. The Firm develops and distributes training films and e-learning computer training courses to commercial maritime customers. It is also a maker of navigational sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The Firm designs, develops, makes and markets mobile communications services and products for the marine and land mobile markets, and navigation, guidance and stabilization products for both the commercial and defense markets. The Firm operates in two geographic divisions, in the mobile communications, navigation and guidance and stabilization equipment industry. The Firm has two primary product categories: mobile communication and guidance and stabilization. Mobile communication sales and services include marine, land mobile, and automotive communication equipment and satellite voice, television and Broadband Internet connectivity services, and distribution of commercially licensed news, sports, movies and music content for commercial and leisure clients in the maritime, hotel, and retail markets.

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