Fact Check: What’s wrong with Cool Holdings, Inc. (AWSM) today

The biggest losers of the session on the Wall Street include Cool Holdings, Inc. (NASDAQ:AWSM), which fell -0.21 points or -8.17% to trade at $2.36 as last check. The stock closed last session at $2.57 and sets an active trading volume day with a reported 215495 contracts so far this session. AWSM shares had a relatively better volume day versus average trading capacity of 666.03 thousand shares, but with a 6.35 million float and a 11.26% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for AWSM stock indicates that the average analyst price target is $35 per share. This means the stock has a potential increase of 1383.05% from where the AWSM share price has been trading recently which is between $2.52 and $2.9.

The shorts are climbing into Cool Holdings, Inc. (AWSM) stock. The latest set of short interest data was released on 30 April 2019, and the numbers show a rise in short interest in AWSM shares. While short interest still represents only 7.06% of AWSM’s float, the number of shares shorted have risen by 24403. The number of shares shorted advanced to 472533 shares, up from 448130 shares during the preceding fortnight. With average daily trading volumes at 233276 shares, days to cover decreased to about 2.044706 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Cool Holdings to Buy Simply Mac from GameStop As It Executes Expansion Plans” and dated May 09, 2019.

During the recent trading session for Cool Holdings, Inc. (NASDAQ:AWSM), the company witnessed their stock drop by $-0.57 over a week and tumble down $-0.19 from the price 20 days ago. When compared to their established 52-week high of $22.61, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/21/18. The recent low of $1.15 stood for a -89.56% since 12/24/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.63 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Cool Holdings, Inc., the two-week RSI stands at 44.31. This figure suggests that AWSM stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current AWSM readings is similarly very revealing as it has a stochastic reading of 35.14% at this stage. This figure means that AWSM share price today is being neutral.

Technical chart claims that Cool Holdings, Inc. (AWSM) would settle between $2.81/share to $3.04/share level. However, if the stock price goes below the $2.43 mark, then the market for Cool Holdings, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $2.28 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.03. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Moving on, AWSM stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.88 while for the average stock in the same group, the multiple is 0.87.