Telenav Inc (Nasdaq:TNAV) Hits 52 Week Low

Telenav Inc (Nasdaq:TNAV)

November 28th, 2018
Amidst rising markets Telenav Inc fell $0.11 Wednesday, down 2.63%, closing at $4.08. As well as the drop in value, Telenav Inc hit a new 52 week low of $3.95, breaking the previous low of $4.08 from earlier this month. Two technical ‘scores’ for companies to be wary of are the Altman Z1 and the Piotroski2 scores. TNAV scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is -0.31, and the Piotroski Score is 2). Despite the drop in value, trading volumes were solid at 228% of normal which can indicate investor opportunities.

TNAV was outperformed by the rest of the Information Technology sector which went up 3.44%.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Information Technology saw the biggest increase of the day (3.44%), while Utilities saw the biggest drop (0.12%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Materials sector declining 11%.

Information Technology saw the biggest turnaround from its 5-day performance of 5.76%, as it went up 3.44%. Utilities saw a turn around from its 5-day performance of -0.08% trading down 0.12%.

Sector Breakdown

  • Information Technology went up with a 3.44% change.
  • Consumer Discretionary went up with a 3.23% change.
  • Healthcare went up with a 2.46% change.
  • Industrials went up with a 2.40% change.
  • Communication Services went up with a 2.13% change.
  • Financials went up with a 1.82% change.
  • Energy went up with a 1.74% change.
  • Materials went up with a 1.48% change.
  • Consumer Staples went up with a 0.99% change.
  • Real Estate went up with a 0.87% change.
  • Utilities went down with a -0.12% change.

TeleNav is based in Sunnyvale, United States of America. TeleNav was founded in 1999.

Telenav Inc Info

Telenav, Inc., together with its subsidiaries provides connected car and location-based platform services in the United States and internationally. The company operates through three segments: Automotive, Advertising, and Mobile Navigation. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and mobile phone-based wireless connectivity and brought-in navigation services. The company also provides display and location-based advertising services; and voice-guided, real-time, turn by turn, and mobile navigation services under various brand names, including Scout GPS Navigation, as well as under wireless carrier brands. Its customers include wireless carriers, automobile manufacturers, original equipment manufacturers, advertisers, advertising agencies, and end users. The company distributes its services primarily through wireless carrier partners. Telenav, Inc. is headquartered in Santa Clara, California.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Telenav Inc’s score is -0.31) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Telenav Inc’s score is 2), and 9 is the best.

TNAV daily update
TNAV daily update

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