An Insider Bought 1,959 Shares Of Thermon Group Holdings Inc. (THR)


As of Wednesday close, Thermon Group Holdings Inc.’s (NYSE:THR) stock was down -$0.06, moving down -0.29 percent to $20.40. The average number of shares traded per day over the past five days has been 168,140 shares. 5 times new highs have been achieved over the past 5 days, with a $0.58 gain in that time frame. In the last twenty days, the average volume was 154,265, while in the previous 50 days, it was 148,720.

Since last month, THR stock rose 16.91%. Shares of the company fell to $16.70 on 10/24/22, the lowest level in the past month. A 52-week high of $20.64 was reached on 11/23/22 after having rallying from a 52-week low of $13.26. Since the beginning of this year, THR’s stock price has risen by 20.50% or $3.47, and marked a new high 16 times. However, the stock has declined by -1.16% since its 52-week high.

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THR stock investors should be aware that Thermon Group Holdings Inc. (THR) stock had its last reported insider trading activity 16 days ago on Nov 08. NESSER JOHN T III, the Director of the company, purchased of 1,959 shares for $18.80 on Nov 08. It resulted in a $36,829 investment by the insider. Thames Bruce added 3,150 shares at an average price of $15.49 on Jun 15. The insider now owns 209,267 shares following the transaction. On Jun 14, SVP – Chief Financial Officer Fox Kevin bought 1,580 shares at $15.40 apiece. The transaction was valued at $24,332.

Valuation Metrics

Right now, Thermon Group Holdings Inc. (THR) has a P/E ratio of about 18.31. The stock’s beta is 1.27. Besides these, the trailing price-to-sales (P/S) ratio of 1.71, the price-to-book (PB) ratio of 1.73, and the price-to-cash flow ratio of 28.40 may also be considered.

Financial Health

In the three months ended June 29, Thermon Group Holdings Inc.’s quick ratio stood at 1.30, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.26, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 41.10% percent. In the year ended June 29, operating margins totaled 13.50%. Based on annual data, THR earned $140.12 million in gross profit and brought in $355.67 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was 9.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. THR’s revenue rose 19.13% to $95.44 million during the quarter, while net income inched up to $100.56 million. While analysts expected Thermon Group Holdings Inc. to report $0.11 quarterly earnings, the actual figure was $0.25 per share, beating the consensus estimate by 127.30%. During the quarter, the company generated $21.07 million in EBITDA. The liabilities of Thermon Group Holdings Inc. were 258.52 million at the end of its most recent quarter ended June 29, and its total debt was $163.75 million. The value of shareholders’ equity is $33.49 million.

Technical Picture

This quick technical analysis looks at Thermon Group Holdings Inc.’s (THR) price momentum. With a historical volatility rate of 9.28%, the RSI 9-day stood at 84.13% on 23 November.

With respect to its five-day moving average, the current Thermon Group Holdings Inc. price is up by +2.93% percent or $0.58. At present, THR shares trade +18.19% above its 20-day simple moving average and +45.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.51% above its SMA50 and +13.14% above its SMA200.

Stochastic coefficient K was 94.76% and Stochastic coefficient D was 93.83%, while ATR was 0.53. Given the Stochastic reading of 92.67% for the 14-day period, the RSI (14) reading has been calculated as 78.13%. As of today, the MACD Oscillator reading stands at 0.43, while the 14-day reading stands at 0.90.

Analyst Ratings

Rosenblatt launched its rating on Thermon Group Holdings Inc. (NYSE: THR) to a Buy in a note to investors on March 16, 2020. Thermon Group Holdings Inc. (THR) has been rated Buy by analysts. According to 0 brokerage firms, THR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Thermon Group Holdings Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $22.00 – $22.00. Based on these forecasts, analysts predict Thermon Group Holdings Inc. (THR) will achieve an average price target of $22.00.


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