Quick Win by the Algorithm

Voxx International, Corp. (VOXX)

On October 23, 2016, the I Know First algorithm gave a bullish signal of 127.17 for the ticker VOXX with a predictability indicator of 0.16. In accordance with the I Know First algorithm, VOXX developed into a quick win with a 10.13% return in only 7 days.

Voxx International, Corp. (NASDAQ: VOXX) is an electronic manufacturing companies with over 30 acquired international brands. Founded in the year 1960, the company is headquartered in Orlando, Florida. The company contains three segments: automotive, premium audio, and consumer accessories industries. The automotive segment focuses on mobile-media video products, radios, automotive security and collision avoidance systems, and TV tuners and antennas. The premium audio products includes a wide range of speakers for home theater, wireless, commercial, Bluetooth, architectural, and headphones. Consumer accessories products offered are antennas for TV and wireless products, TV universal remotes, power cords, cables, cameras, and more. The company claims to be the #1 premium loudspeaker company in the world, and the leading company in TV remote controls and antennas.

VOXX exceeded third quarter expectation on October 12, 2016. The company broke its negative net income trend, surpassed earnings expectation, and increased its gross margin from 26.84% to 27.55%. As a micro-cap stock, such positive news resulted in high volatility and convinced others to change perspective. One such change came from Zack’s Investment Research. After furher review, Zack Investment Research re-adjusted its rating for Voxx from a “sell” to a “strong buy”. Seeing potential upside, the new price target was increased to $4.50. Since changing their outlook on October 24, 2016, the stock has increased by 10.13%.

This bullish forecast on VOXX was sent to current I Know First subscribers on October 23, 2016.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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