The stock of TRX Gold Corporation (AMEX:TRX) increased by $0.03 on Friday to finish at $0.41, up 7.88 percent. The last five days have seen an average of 506,504 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $0.0634. The average number of shares traded over the last 20 days was 377,336, while the average volume over the last 50 days totaled 309,326.
TRX stock dropped -11.85% since last month. On 08/08/23, the company’s shares reached a one-month low of $0.3550. The stock touched a high of $0.60 on 05/08/23, after rallying from a low of $0.31 in 52 weeks. The price of TRX stock has risen by 21.16% or $0.0634 this year, reaching a new high 21 times. Still, the stock price is down -31.34% from the 52-week high.
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Valuation Metrics
TRX Gold Corporation (TRX) has a trailing price-to-earnings (P/E) ratio of 45.54. Beta for the stock is 0.88. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.18, the price-to-book (PB) ratio of 2.28.
Financial Health
For the three months ended November 29, TRX Gold Corporation’s quick ratio was 0.60, while its current ratio was 0.80, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 49.50% percent. TRX Gold Corporation’s EBITDA margin for the year ended November 29 was 4.02%, whereas its operating margin stood at 28.30% for the same period. Based on annual data, it had gross profit of $9.38 million and revenue of $15.09 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TRX’s return on assets (ROA) during the last 12 months has been 3.10%. There was a 0.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.60%.
Earnings Surprise
According to TRX Gold Corporation’s quarterly financial report for the quarter that ended November 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that TRX Gold Corporation’s quarterly earnings would be $0, but it ended up being $0.01. EBITDA was $2.65 million for the quarter. At the end of TRX Gold Corporation’s most recent quarter ended November 29, its liabilities totaled 25.95 million, while its total debt was $0.11 million.
Technical Picture
Here’s a quick look at TRX Gold Corporation’s (TRX) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 52.18%, suggesting the stock is Neutral, with a 43.88% historical volatility rate.
The stochastic %K and %D were 43.14% and 34.99% respectively, while the average true range (ATR) was 0.0221. Based on the 14-day stochastic reading of 67.68%, the RSI (14) reading is 46.84%. On the 9-day MACD Oscillator, the stock is at -0.0018.
Analyst Ratings
In its analyst report released on February 16, 2021, Alliance Global Partners began covering TRX Gold Corporation (AMEX: TRX). The stock was rated as a Buy by the brokerage firm. Analysts have assigned TRX Gold Corporation (TRX) an Buy rating. TRX is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is TRX’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.00 and $1.50, with a median target price of $1.30. In analyzing these forecasts, the average price target given by analysts for TRX Gold Corporation (TRX) is $1.27.
