Tron (NASDAQ:TRON) Trading Up 10.3% – Time to Buy?

Tron Inc. (NASDAQ:TRONGet Free Report)’s share price rose 10.3% during trading on Wednesday . The company traded as high as $1.6250 and last traded at $1.6550. Approximately 228,349 shares changed hands during trading, a decline of 75% from the average session volume of 901,289 shares. The stock had previously closed at $1.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRON. Weiss Ratings raised shares of Tron from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. Wall Street Zen cut shares of Tron from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Get Our Latest Report on Tron

Tron Stock Up 6.3%

The stock has a fifty day moving average of $1.54 and a two-hundred day moving average of $1.75. The stock has a market cap of $756.64 million, a price-to-earnings ratio of -14.50 and a beta of 8.59.

Tron (NASDAQ:TRONGet Free Report) last released its earnings results on Tuesday, August 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $1.57 million during the quarter. Tron had a negative return on equity of 5.60% and a net margin of 135.58%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. acquired a new stake in shares of Tron during the 1st quarter valued at approximately $27,000. Virtu Financial LLC purchased a new position in Tron in the 4th quarter valued at approximately $52,000. State of Wyoming acquired a new position in Tron during the first quarter worth $78,000. Deutsche Bank AG acquired a new position in Tron during the second quarter worth $79,000. Finally, Squarepoint Ops LLC purchased a new stake in Tron during the fourth quarter worth $80,000. 28.03% of the stock is owned by hedge funds and other institutional investors.

Tron Company Profile

(Get Free Report)

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.

Further Reading

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