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Are Investors Undervaluing TransAct Technologies (TACT) Right Now?
ZACKS· 2024-11-05 15:45
Core Viewpoint - The article emphasizes the effectiveness of value investing as a strategy that identifies undervalued stocks through fundamental analysis and traditional valuation metrics [2]. Company Summary - TransAct Technologies (TACT) is highlighted as a stock currently attracting investor attention, holding a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential in the value investing space [3]. - TACT's price-to-book (P/B) ratio is reported at 1.10, which is favorable compared to the industry average of 1.91, suggesting that TACT is undervalued relative to its peers [4]. - The stock has experienced a P/B range over the past 12 months, with a high of 1.98, a low of 0.86, and a median of 1.23, indicating volatility but also potential for value [4]. - TACT's price-to-sales (P/S) ratio stands at 0.79, which is lower than the industry average of 0.89, further supporting the notion that TACT may be undervalued [5]. - Overall, TACT is positioned as one of the market's strongest value stocks, bolstered by a positive earnings outlook [6].
TransAct Technologies: 2025 Momentum In Both Main Business Segments
Seeking Alpha· 2024-10-29 16:46
Since my last article , a lot has changed at TransAct Technologies Incorporated (NASDAQ: TACT ). Specifically, the company's relationship with 7-Eleven will be ending, they've gained a significant QSR global approval, the gaming market is oversupplied, and the stock price Analyst's Disclosure: I/we have a beneficial long position in the shares of TACT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation ...
TransAct Rises 16% in 3 Months: How Should Investors Play the Stock?
ZACKS· 2024-10-17 16:20
TransAct Technologies (TACT) shares have gained 15.9% in the past three months, outperforming the Zacks Computer and Technology sector, the Zacks Computer - peripheral Equipment industry and the S&P 500 index. This significant outperformance reflects TACT's continued success in expanding its product offerings, securing high-value deals and maintaining robust financial growth. With such impressive gains already on the board, the question remains — Should investors buy, sell or hold the stock now? TransAct Ex ...
Fast-paced Momentum Stock TransAct Technologies (TACT) Is Still Trading at a Bargain
ZACKS· 2024-08-29 13:51
Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...
Why Fast-paced Mover TransAct Technologies (TACT) Is a Great Choice for Value Investors
ZACKS· 2024-08-13 13:50
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phas ...
TransAct Technologies Incorporated (TACT) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-08-09 00:11
TransAct Technologies Incorporated (TACT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 82.35%. A quarter ago, it was expected that this company would post a loss of $0.16 per share when it actually produced a loss of $0.10, delivering a surprise of 37.50%. Over the last four quarters, ...
TransAct Technologies rporated(TACT) - 2024 Q1 - Quarterly Report
2024-05-14 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. Commission file number: 0-21121 TRANSACT TECHNOLOGIES INC (Exact name of registrant as specified in its charter) Delaware ...
TransAct Technologies rporated(TACT) - 2024 Q1 - Earnings Call Transcript
2024-05-08 07:54
Financial Data and Key Metrics Changes - Total net sales for Q1 2024 were $10.7 million, down 52% from $22.3 million in the prior year [11] - Adjusted EBITDA for the quarter was negative $701,000, compared to positive $4.5 million in Q1 2023 [15] - The company ended the quarter with $10.6 million in cash and only $2.25 million in outstanding borrowings [15] Business Line Data and Key Metrics Changes - Food Service Technology (FST) revenues were $3.3 million, down 5% year-over-year, with recurring revenues of $2.4 million, up 3% year-over-year [6][11] - Casino and gaming revenues were $5.7 million, down 64% from the prior year, primarily due to OEMs reducing high levels of printer inventory [12] - TransAct Services Group (TSG) sales were down 14% year-over-year to $1 million [13] Market Data and Key Metrics Changes - The FST segment saw a decline in sales due to two large expected transactions slipping into Q2 [22] - The casino and gaming market is experiencing pricing pressure due to a competitor reentering the market [9] - The company expects the oversupply situation in the market to continue for at least the next quarter [29] Company Strategy and Development Direction - The company is focusing on expanding into new verticals and applying its technology in existing markets [5] - There is a strong emphasis on the BOHA! T2 product as a crucial element for future growth [6] - The company is exploring strategic alternatives, including M&A strategies, to enhance its market position [58][59] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, despite adjusting financial guidance for 2024 to estimated revenues between $45 million and $50 million [10] - The company anticipates a slight cash flow negative situation for the full year but believes it has enough cash to fund operations for at least the next 12 months [16] - Management acknowledged the challenges in the casino and gaming market but remains confident in the strength of the organization [30] Other Important Information - The loss of the 7-Eleven contract is expected to impact approximately 5,400 terminals and reduce recurring revenue by about $3.6 million annually [27] - The company has added eight new customers in the last quarter, with the potential for significant terminal sales in the future [26] Q&A Session Summary Question: Update on 7-Eleven - Management noted that 7-Eleven is moving to an in-house system, impacting their business but not due to product issues [27][47] Question: Terminal volume from new clients - Management indicated that the eight new clients represent potential for over 1,000 units, with two larger transactions delayed into Q2 [38] Question: EpicCentral software opportunity in sports betting - Management stated it is too early to determine the applicability of EpicCentral in sports betting but acknowledged the need for client intimacy in future developments [42]
TransAct Technologies rporated(TACT) - 2024 Q1 - Quarterly Results
2024-05-07 12:05
Exhibit 99.1 TransAct Technologies Reports Preliminary First Quarter 2024 Financial Results Lands Eight New FST Accounts, Representing Potential Terminal Sales of Nearly 1,000 Units Casino and Gaming Sales Begin Normalization Hamden, CT – May 7, 2024 – TransAct Technologies Incorporated (Nasdaq: TACT) ("TransAct" or the "Company"), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary results for the first quarter ended March 31, 2024. "We h ...
TransAct Technologies rporated(TACT) - 2023 Q4 - Annual Report
2024-03-13 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 0-21121 TRANSACT TECHNOLOGIES INC (Exact name of registrant as specified in its charter) Delaware 06-1456680 (Stat ...