>>> I.D. Systems(IDSY_) develops, markets and sells wireless solutions for managing and securing enterprise assets. These assets include industrial vehicles, such as forklifts and airport ground support equipment, and rental vehicles. This stock is trading up 3% to $6.05 in recent trading, after it hit a 52-week high of $6.34 earlier today.
Today's Range: $5.85-$6.34
52-week Range: $2.51-$6.34
Volume: 79,000
Three-Month Average Volume: 40,686
I.D. Systems has a market cap of $67.26 million and an enterprise value of $46.05 million. The stock trades at a forward price-to-earnings of 120.40. Its estimated growth rate for this year is 54.5%, and for next year it's pegged at 114.3%. The current short interest as a percentage of the float for I.D. Systems is a very low 0.4%.
This stock is moving higher today after the company reported record third-quarter revenue that was up 74%.
From a technical standpoint, this stock is triggering a major breakout today now that shares have started to move above some past overhead resistance at 5.77 to $5.94 on heavy volume.
If this stock can sustain this move and close above those levels, then it should set up to trend much higher in the near-term.<<<
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