Koss Corporation (NASDAQ: KOSS ), one of the high-flyers in the 2021 meme stock craze, is catching a bid today. This follows the return of Roaring Kitty, who helped kickstart the rise in GameStop (NYSE: GME ) and other meme stocks in 2021.
Koss Corporation (NASDAQ: KOSS) stock price has gone parabolic in the past few weeks, making it one of the top-performing companies in Wall Street. It initially surged to a high of $6.96 in May, a 205% increase from its lowest swing this year.
The meme stock trend of 2021 is back in 2024 – but that's not necessarily a good thing. Retail traders are suddenly interested in Koss (NASDAQ: KOSS ) now, but have they really studied the company's fundamentals?
Discover why Zacks has given KOSS an "Underperform" rating, being the first on Wall Street to initiate coverage on the stock. Explore the company's financial challenges, competitive pressures and operational risks, balanced by its strong cash reserves and focus on innovation.
Last week, the market experienced a flashback to the meme stock mania of 2021. Keith Gill, famously known as RoaringKitty, reemerged on X, sparking a renewed frenzy among retail traders.