Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) finished Thursday with an addition of $0.13 to close at $1.50, an upside of 9.49 percent. An average of 3,664,920 shares of common stock have been traded in the last five days. There was a gain of $0.3800 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 927,950 shares traded, while the 50-day average volume stands at 388,832.
TIRX stock has increased by 18.11% in the last month. The company shares reached their 1-month lowest point of $1.0701 on 08/18/23. With the stock rallying to its 52-week high on 05/02/23, shares of the company touched a low of $1.00 and a high of $7.88 in 52 weeks. It has reached a new high 4 times so far this year and lost -19.45% or -$0.3622 in price. In spite of this, the price is down -80.96% from the 52-week high.
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Valuation Metrics
Tian Ruixiang Holdings Ltd (TIRX) stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.63, the price-to-book (PB) ratio at 0.11.
Financial Health
The quick ratio of Tian Ruixiang Holdings Ltd for the recent quarter was 23.30, and the current ratio was 23.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Its gross profit as reported stood at $6.42 million compared to revenue of $1.35 million.
Earnings Surprise
The company posted a net income of -$4.68 million in the quarter, while revenues were grew 58.55%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tian Ruixiang Holdings Ltd (TIRX) price momentum. RSI 9-day as of the close on 24 August was 64.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 169.15%.
As of today, TIRX’s price is $1.3900 +33.93% or $0.3800 from its 5-day moving average. TIRX is currently trading +26.05% higher than its 20-day SMA and +35.14% higher than its 100-day SMA. However, the stock’s current price level is -16.20% below the SMA50 and -49.15% below the SMA200.
The stochastic %K and %D were 51.07% and 58.57%, respectively, and the average true range (ATR) was 0.2367. With the 14-day stochastic at 40.18% and the average true range at 0.1959, the RSI (14) stands at 60.77%. The stock has reached 0.1906 on the 9-day MACD Oscillator while the 14-day reading was at 0.2273.
