TSSI to $81 or higherOverview
Total Site Solutions, Inc. ( NASDAQ:TSSI ) is an information technology company that provides software and services to its clients. They are involved in the setting up, maintenance, and deployment of various technological hardwares and softwares that assist their clients in remaining competitive.
Technicals
TSSI is up by 1,257.6% since May 2024. While no substantial trading patterns may be available to assist with navigation, fibonacci retracement levels could help in finding entry and exit points.
If the share price can garner significant support between $11.55 and $12.25 then a potential bull flag may be in development.
Fundamentals
I like to do my research before investing in a company to make sure they are either profitable or have consistent revenue growth, even if the technicals look like a good opportunity at face value. I pulled annual reports as far back as 2020 in addition to reviewing all 2024 quarterly reports. Here is what I found:
Annual Revenue has consistently increased since 2021-Q4 (average annual gain of 16.72%)
Annual Gross Profit has consistently increased since 2021-Q4 (average annual gain of 19.06%)
Annual Net Income has consistently increased since 2022-Q4 (average annual gain of 147.87%)
The annual reports provoke confidence but it was the quarterly reviews that sealed the deal for me. After comparing the accumulative (Nine Months Ended) totals to the 2023 Annual Report, here is what I found:
YTD Revenue has increased by 80.37% since 2023-Q4 Annual Report
YTD Gross Profit has increased by 37.60% since 2023-Q4 Annual Report
YTD Net Income has increased by 5,390.54% since 2023-Q4 Annual Report
Price Target
There are approximately 24,587,000 outstanding shares according to the Q3-2024 quarterly report, leaving the current market cap around $307M. At a modest market cap of two billion then this would leave TSSI's share price near $81.
Now whether or not I would consider selling at this price range is completely dependent on the health of the company at that moment in time. If TSSI can continue its trajectory and growth, then this roller coaster ride could extend beyond the $81 price target.
