Lower Lows for Monster Digital Inc (NASDAQ:MSDI)

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Monster Digital Inc (NASDAQ:MSDI)

Monster Digital Inc (NASDAQ:MSDI) shares launched in July of 2016. They hit a high that month of $4.15 but less than a year later shares are trading close to 10% of that high. MSDI shares have broken through their worst ever lows and continuing to make new lower lows. Shares traded sideways to slightly higher for much of the end of 2016 and into January. MSDI shares were over $2 in February but since then have been on a continual slide with the only respite being some short covering. MSDI shares have lost over 70% YTD and over 27% for the past month.

Monster Digital Inc (NASDAQ:MSDI)
MSDI chart

For Q1 2017 Monster Digital Inc (NASDAQ:MSDI) reported revenues of $0.95 million versus $1.07 million for Q4 2016. Monster posted a loss in earnings of (-$2.24) million compared to a loss of (-$1.26) million from the previous quarter.

Monster Digital Inc (NASDAQ:MSDI), headquartered in Simi Valley, CA, designs, develops and markets consumer electronics, mobile products and data storage devices. Its most visible product offering is a line of sports cameras. Also in their product portfolio is ultra-small mobile external memory drive products. Both product lines are sold through retailers and distributors.

The company used to be known as Tandon Digital, Inc. but changed its name to Monster Digital in August of 2015.

Monster Digital Inc (NASDAQ:MSDI) shares have never had a profitable year. In 2013 they reported an EPS loss of (-$0.43) followed by yearly losses of (-$1.37), (-$1.08), and (-$1.13) in 2016. Sales peaked in 2014 when Monster Digital Inc (NASDAQ:MSDI) posted a figure of $11.3 million. However in the following years the company posted sales of $8.3 million and $4.1 million for 2016. No analysts are listed by the NASDAQ as covering MSDI shares.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Author: Marcus Anderson

Marc has a degree in economics and a MSc. in Finance. Marc worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

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