Is InfoSonics Corporation (IFON)’s Fuel Running Low? The Stock Reaches Yearly Low Today

April 25, 2018 - By Ellis Scott

InfoSonics Corporation (NASDAQ:IFON) Logo

The stock of InfoSonics Corporation (NASDAQ:IFON) hit a new 52-week low and has $3.64 target or 8.00 % below today’s $3.96 share price. The 7 months bearish chart indicates high risk for the $2.68M company. The 1-year low was reported on Apr, 25 by Barchart.com. If the $3.64 price target is reached, the company will be worth $214,240 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 8.95% or $0.39 during the last trading session, reaching $3.96. About 46,964 shares traded. InfoSonics Corporation (NASDAQ:IFON) has declined 38.51% since April 25, 2017 and is downtrending. It has underperformed by 50.06% the S&P500.

InfoSonics Corporation, together with its subsidiaries, defines, sources, and sells wireless telecommunication products and accessories to wireless carriers, distributors, retailers, and OEMs primarily in Latin America, the Asia Pacific, Europe, Africa, and rest of the United States. The company has market cap of $2.68 million. It offers wireless handsets; tablets and accessories; and GSM Android smartphones and feature phones, and Android tablets. It currently has negative earnings. The firm offers its products under the verykool brand name.

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