Trade-Ideas LLC identified

Tangoe

(

TNGO

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Tangoe as such a stock due to the following factors:

  • TNGO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.6 million.
  • TNGO has traded 86,457 shares today.
  • TNGO is trading at 4.93 times the normal volume for the stock at this time of day.
  • TNGO is trading at a new high 10.03% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on TNGO:

Tangoe, Inc. provides connection lifecycle management (CLM) software and related services to enterprises and service providers worldwide. TNGO has a PE ratio of 19. Currently there are 2 analysts that rate Tangoe a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for Tangoe has been 379,800 shares per day over the past 30 days. Tangoe has a market cap of $237.4 million and is part of the technology sector and computer software & services industry. The stock has a beta of 1.49 and a short float of 8% with 2.99 days to cover. Shares are down 52.6% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Tangoe as a

sell

. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

Highlights from the ratings report include:

  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Software industry. The net income has significantly decreased by 581.5% when compared to the same quarter one year ago, falling from $0.94 million to -$4.50 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Software industry and the overall market, TANGOE INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly decreased to $2.39 million or 61.89% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 52.28%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 650.00% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • TANGOE INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, TANGOE INC reported lower earnings of $0.07 versus $0.12 in the prior year. This year, the market expects an improvement in earnings ($0.34 versus $0.07).

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