VirTra, Inc. (VTSI)’s Trend Down, Especially After Forming a Bearish Multiple Bottom

July 27, 2018 - By Richard Slagle

VirTra, Inc. (NASDAQ:VTSI) Logo

The stock of VirTra, Inc. (VTSI) shows a multiple bottoms pattern with $4.75 target or 4.00 % below today’s $4.95 share price. The 9 months chart pattern indicates high risk for the $39.13M company. It was reported on Jul, 27 by Finviz.com. If the $4.75 price target is reached, the company will be worth $1.57 million less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 2.27% or $0.11 during the last trading session, reaching $4.95. About 4,194 shares traded. VirTra, Inc. (NASDAQ:VTSI) has risen 10.45% since July 27, 2017 and is uptrending. It has underperformed by 2.12% the S&P500.

Another recent and important VirTra, Inc. (NASDAQ:VTSI) news was published by Globenewswire.com which published an article titled: “VirTra Engages Liolios to Lead Expanded Investor Relations Program” on July 23, 2018.

VirTra, Inc. develops, sells, and supports use of force training and marksmanship firearms training systems and accessories worldwide. The company has market cap of $39.13 million. The Company’s products comprise V-300 simulator, a 300 degree wrap-around screen for simulation training; V-180 simulator, a 180 degree screen for smaller spaces and budgets; V-100, a single-screen based simulator system; V-ST, a realistic single screen simulated shooting range simulator; and Top SME Content, a content supplied with its simulators. It has a 12.69 P/E ratio. The firm also offers V-Author, a software that allows users to create, edit, and train with content specific to agency's objectives; Simulated Recoil, a range of realistic and reliable simulated recoil kits/weapons; and Threat-Fire, a return fire device that applies real-world stress on the trainees during simulation training.

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