Troika Media Group Inc. (NASDAQ:TRKA) finished Wednesday with an addition of $0.08 to close at $1.24, an upside of 6.90 percent. An average of 3,436,660 shares of common stock have been traded in the last five days. There was a gain of $0.1700 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,377,930 shares traded, while the 50-day average volume stands at 898,920.
TRKA stock has decreased by -48.76% in the last month. The company shares reached their 1-month lowest point of $1.0300 on 08/16/23. With the stock rallying to its 52-week high on 03/07/23, shares of the company touched a low of $1.03 and a high of $24.75 in 52 weeks. It has reached a new high 19 times so far this year and lost -57.24% or -$1.6600 in price. In spite of this, the price is down -94.99% from the 52-week high.
Valuation Metrics
Troika Media Group Inc. (TRKA) stock’s beta is 2.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.07, the price-to-book (PB) ratio at 0.48.
Financial Health
The quick ratio of Troika Media Group Inc. for the recent quarter was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.50 and a total debt to equity ratio of 2.56 for the recent quarter. Troika Media Group Inc.’s EBITDA margin is -13.92%, while its operating margin for the same period stands at -10.60%. Its gross profit as reported stood at $28.28 million compared to revenue of $116.41 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Troika Media Group Inc.’s return on assets was -19.50%.
Earnings Surprise
For the recent quarter, Troika Media Group Inc. had $64.43 million in total debt. The company posted a net income of -$7.9 million in the quarter, while revenues of $1.27 million were grew 100.0%. Shareholders own equity worth $16.52 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Troika Media Group Inc. (TRKA) price momentum. RSI 9-day as of the close on 23 August was 26.76%, suggesting the stock is oversold, with historical volatility in this time frame at 272.12%.
As of today, TRKA’s price is $1.2220 +15.89% or $0.1700 from its 5-day moving average. TRKA is currently trading -49.39% lower than its 20-day SMA and -81.49% lower than its 100-day SMA. However, the stock’s current price level is -52.85% below the SMA50 and -80.61% below the SMA200.
The stochastic %K and %D were 11.63% and 11.85%, respectively, and the average true range (ATR) was 0.2266. With the 14-day stochastic at 15.00% and the average true range at 0.2299, the RSI (14) stands at 28.14%. The stock has reached -0.1811 on the 9-day MACD Oscillator while the 14-day reading was at -0.4636.
Analyst Ratings
The consensus rating for Troika Media Group Inc. (TRKA) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TRKA, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is TRKA’s price target for the next 12 months?
Analysts predict a range of price targets between $1.50 and $1.50, with a median target of $1.50. Taking a look at these predictions, the average price target given by analysts for Troika Media Group Inc. (TRKA) stock is $1.50.
