Today, The Bowser Report issued a daily mover alert on Direct Insite (DIRI) and InfoSonics (IFON), both of which gained more than 10% today.
Volatility is the norm for DIRI. The company averages just 2,419 shares traded per day over the past three months. At a price per share of less than $1, big moves occur relatively often.
Currently, DIRI has a Bowser Rating of 8, which puts the company in Category 2. At this low price, it might be considering adding a DIRI position. However, the company’s financials have been less consistent recently. So, approach this one as a more speculative buy.
On average volume, IFON made a large move today, especially towards the end of the day. The stock has been trending down since its most recent quarterly report caused a spike in price per share.
That quarterly report moved IFON from Category 3 to Category 1 with a Bowser Rating of 10. The company has established a trend of good earnings reports, followed by an off quarter. Then, the company recovers and the stock soars. That sequence has happened twice now since we’ve recommended IFON.
Picking up shares at lower prices levels while the company has a high rating is a good idea. If an off quarter arises, there is a floor. If more solid quarters come, sky is the limit.
To learn more about The Bowser Report, visit https://thebowserreport.com