Our Stock of the Week is Control4 (CTRL). CTRL provides software that integrates media, lighting, temperature and other functions for the ‘connected home’.
The stock has struggled since its IPO but has turned things around the last two quarters with strong reports due mainly to increase in demand for its smart lighting platform. In the fourth quarter the company say revenues grew 34% to $57.4 million and eps jumped to $0.31 from $0.07 last year which was $0.07 better than expected.
The stock moved sharply higher on the news and we are now looking to see if it can produce another leg higher. What we want to see here is a move over the $15.50 area. We would buy only if the stock can manage to produce some higher highs.
This is the sort of stock that may not attract additional attention but if it does see some interest it could extended nicely once the momentum traders see it acting better. As always we would not chase the open to start the week but would look for a strong close over key resistance.
This post is for educational purposes only! This is not advice or a recommendation. We do not give investment advice. Do not act on this post. Do not buy, sell or trade the stocks mentioned herein. We WILL actively trade this stock differently than discussed herein. We will sell into strength, and will buy or sell at any time for any reason. We will actively trade into any unusual activity. At the time of this post, principals, employees and affiliates of Shark Investing, Inc. and/or principals, employees and affiliates of Shark Asset Management, Inc. (“SAMI”), directly or indirectly, controlled investment and/or trading accounts containing no positions in CTRL. To accommodate the objectives of these investing and/or trading accounts, the trading in these shares will be contrary to and/or inconsistent with the information contained in this posting.