Stock Market Recap: TRX Gold Corp (TRX) Concludes at 0.92, a -7.58 Surge/Decline

Abby Carey

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After finishing at $1.0 in the prior trading day, TRX Gold Corp (AMEX: TRX) closed at $0.92, down -7.58%. In other words, the price has decreased by -$7.58 from its previous closing price. On the day, 2.61 million shares were traded. TRX stock price reached its highest trading level at $0.9915 during the session, while it also had its lowest trading level at $0.91.

Ratios:

Our goal is to gain a better understanding of TRX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.

Upgrades & Downgrades

In the most recent recommendation for this company, Alliance Global Partners on February 16, 2021, initiated with a Buy rating and assigned the stock a target price of $1.50.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TRX now has a Market Capitalization of 265205328. As of this moment, TRX’s Price-to-Earnings (P/E) ratio for their current fiscal year is 355.46, and their Forward P/E ratio for the next fiscal year is 4.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.57 while its Price-to-Book (P/B) ratio in mrq is 4.60.

Stock Price History:

The Beta on a monthly basis for TRX is 0.32, which has changed by 2.2258065 over the last 52 weeks, in comparison to a change of 0.17823458 over the same period for the S&P500. Over the past 52 weeks, TRX has reached a high of $1.02, while it has fallen to a 52-week low of $0.27. The 50-Day Moving Average of the stock is 25.25%, while the 200-Day Moving Average is calculated to be 94.22%.

Shares Statistics:

The stock has traded on average 2.10M shares per day over the past 3-months and 1707130 shares per day over the last 10 days, according to various share statistics. A total of 284.86M shares are outstanding, with a floating share count of 279.56M. Insiders hold about 1.86% of the company’s shares, while institutions hold 2.38% stake in the company. Shares short for TRX as of 1765756800 were 3787748 with a Short Ratio of 1.80, compared to 1763078400 on 2086627. Therefore, it implies a Short% of Shares Outstanding of 3787748 and a Short% of Float of 1.35.

Earnings Estimates

At present, 3.0 analysts are actively evaluating the performance of TRX Gold Corp (TRX) in the stock market.The consensus estimate for the next quarter is $0.02, with high estimates of $0.03 and low estimates of $0.01. Analysts are recommending an EPS of between $0.13 and $0.05 for the fiscal current year, implying an average EPS of $0.08.

Revenue Estimates

3 analysts predict $29.42M in revenue for. The current quarter. It ranges from a high estimate of $35.07M to a low estimate of $19.3M. As of. The current estimate, TRX Gold Corp’s year-ago sales were $17.99MFor the next quarter, 3 analysts are estimating revenue of $38.48M. There is a high estimate of $39.13M for the next quarter, whereas the lowest estimate is $37.82M.

A total of 4 analysts have provided revenue estimates for TRX’s current fiscal year. The highest revenue estimate was $220.47M, while the lowest revenue estimate was $118.98M, resulting in an average revenue estimate of $161.45M. In the same quarter a year ago, actual revenue was $80.55M

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