Cramer On Why Traders Should Be In Twitter Right Now

Twitter Inc TWTR has had a rough ride this year, starting above $60 and by the end of May collapsing to $30. The second-quarter results did give a boost to shares for a considerable amount of time, reaching $55 levels, but since then the stock has again slumped to below $40 levels.

There are many on the Street who still believe in Twitter and that it could be phenomenally successful if run by a better management, among them is JMP Securities which released a note Monday stating the same.

Jim Cramer recently opined on this on CNBC.

"Well, JMP comes out with a piece this morning saying listen this why you should be in Twitter, they basically are nowhere versus some of the other guys in business, that they basically have a big run way. Talking about 284 million monthly active users comparing to some other guys and saying engagement is good," Cramer said.

"This is the first piece of advice," Cramer continued, "that I have seen which basically says ‘this stock could be, if run well, this company run well, could join the rest of them’ because they are only getting an ad load of 1.3 percent -- most of these companies are getting like 2-3 times that. So, there is a lot of ability to have a upside to it is the way we look at it. They are kind of looking at it as a raw company, if someone comes in, starts running it better, that’s a little more my read."

Shares of Twitter recently traded at $37.50, up 1 percent.