Long
Sigma designs inc ready to climbe
Sigma designs inc is specialised in semiconductor technology
The company provides integrated system-on-chip (SoC) solutions and intelligent platforms for use in various home entertainment and home control appliances. The company´s internet of things (IoT) devices consist of wireless Z-Wave Chipsets modules and cellular based mobile IoT tracking tags and modems that enable home security and environmental and energy control and monitoring in new and existing homes.
Technical and Fundamental:
Sigma designs inc have had a harsh year. if you count from last yea 29/10/2016 to now 29/10/2017. The price have fallen 17,68% in value. The stock have a negative PE (TTM) = -9,10
(TTM) Trailing twelve month.
EPS (TTM)=-0,67
and Beta 1 Year=1.1175
( The beta value define how volatile the price is. above 1 means volatile.
as you can see, the company is losing money, with negative PE and EPS.
this docent mean that the company is on the death row.
this can actually be a great opportunity. with a negative EPS, means that investors don't have to pay overprice for the companies earnings. and if you look at there future talks about the revenue, they have invested a lot of effort to put the company back on the profit row and a lot of changes have happened in the last couple of month to reach those prospects.
Fremont, CA – October 11, 2017 — Sigma Designs, Inc.® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV Platforms and Internet of Things (IoT) Devices, today announced restructuring activities intended to refocus its operating expenses and accelerate the return to profitability. These actions, which will focus on streamlining the Company’s Connected Smart TV Platforms business will commence in the second half of October 2017 and are expected to be fully implemented by the end of the fourth quarter of fiscal year 2018, ending February 3, 2018. Sigma currently estimates that these actions will result in lowering quarterly non-GAAP operating expenses from approximately $26 million in the second quarter of fiscal 2018, ended July 29, 2017, to an approximate $17 million to $18 million starting in fiscal year 2019. The Company anticipates these activities will reduce annual fiscal year 2019 non-GAAP operating expenses by approximately $34 million from expected fiscal year 2018 levels.
This is an investment that reach out for a year, where the 6 month price target is between 7,44 - 7,78
The price is inside of a bullish ascending triangle and following a trend channel where i expect the price to break at 6,73.
if you look at the RSI, it have created a double bottom, with a higher low on the candle stick chart.
The momentum was very strong downward, but the depth is also very high where the projection is very small. and can mean that the down fall is finish and are ready to move up
The price target in general is 7,50
Good luck.
The company provides integrated system-on-chip (SoC) solutions and intelligent platforms for use in various home entertainment and home control appliances. The company´s internet of things (IoT) devices consist of wireless Z-Wave Chipsets modules and cellular based mobile IoT tracking tags and modems that enable home security and environmental and energy control and monitoring in new and existing homes.
Technical and Fundamental:
Sigma designs inc have had a harsh year. if you count from last yea 29/10/2016 to now 29/10/2017. The price have fallen 17,68% in value. The stock have a negative PE (TTM) = -9,10
(TTM) Trailing twelve month.
EPS (TTM)=-0,67
and Beta 1 Year=1.1175
( The beta value define how volatile the price is. above 1 means volatile.
as you can see, the company is losing money, with negative PE and EPS.
this docent mean that the company is on the death row.
this can actually be a great opportunity. with a negative EPS, means that investors don't have to pay overprice for the companies earnings. and if you look at there future talks about the revenue, they have invested a lot of effort to put the company back on the profit row and a lot of changes have happened in the last couple of month to reach those prospects.
Fremont, CA – October 11, 2017 — Sigma Designs, Inc.® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Connected Smart TV Platforms and Internet of Things (IoT) Devices, today announced restructuring activities intended to refocus its operating expenses and accelerate the return to profitability. These actions, which will focus on streamlining the Company’s Connected Smart TV Platforms business will commence in the second half of October 2017 and are expected to be fully implemented by the end of the fourth quarter of fiscal year 2018, ending February 3, 2018. Sigma currently estimates that these actions will result in lowering quarterly non-GAAP operating expenses from approximately $26 million in the second quarter of fiscal 2018, ended July 29, 2017, to an approximate $17 million to $18 million starting in fiscal year 2019. The Company anticipates these activities will reduce annual fiscal year 2019 non-GAAP operating expenses by approximately $34 million from expected fiscal year 2018 levels.
This is an investment that reach out for a year, where the 6 month price target is between 7,44 - 7,78
The price is inside of a bullish ascending triangle and following a trend channel where i expect the price to break at 6,73.
if you look at the RSI, it have created a double bottom, with a higher low on the candle stick chart.
The momentum was very strong downward, but the depth is also very high where the projection is very small. and can mean that the down fall is finish and are ready to move up
The price target in general is 7,50
Good luck.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.