Triterras, Inc. (NASDAQ:TRIT) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -3.78% to the previous day’s close as weak demand from buyers trailed the stock to $11.96.
Actively observing the price movement in the last trading, the stock closed the session at $12.43, falling within a range of $11.90 and $12.62. The value of beta (5-year monthly) was 0 whereas the PE ratio was 278.14 over 12-month period. Referring to stock’s 52-week performance, its high was $15.45, and the low was $7.7. On the whole, TRIT has fluctuated by -5.9% over the past month.
3 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by none analyst(s), 3 recommend it as a Buy and no body called the TRIT stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TRIT currently trading nearly 1.64% and 0.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.89, while the 7-day volatility ratio is showing 8.61% which for the 30-day chart, stands at 12.31%. Furthermore, Triterras, Inc. (TRIT)’s beta value is 0, and its average true range (ATR) is 1.42. The company’s stock has been forecasted to trade at an average price of $19 over the course of the next 52 weeks, with a low of $16 and a high of $23. Based on these price targets, the low is 33.78 off current price, whereas the price has to move +92.31% to reach the yearly target high. Additionally, analysts’ median price of $18 is likely to be welcomed by investors because it represents an increase of +50.5% from the current levels.
A comparison of Triterras, Inc. (TRIT) with its peers suggests the former has fared considerably weaker in the market. TRIT showed an intraday change of -3.78% in last session, and over the past year, it grew by +21.42%. In comparison, Visa Inc (V) has moved higher at +0.23% on the day and was up +6.78% over the past 12 months. On the other hand, the price of Mastercard Inc (MA) has risen 0.99% on the day. The stock, however, is off 11.49% from where it was a year ago. Additionally, there is a decline of -378% for Fidelity National Information Services (FIS) in last trading while the stock has seen an overall apprecation of 21.42% over the past year. The PE ratio stands at 278.14 for Triterras, Inc., compared to 46 for Visa Inc, and 52.18 for Mastercard Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Triterras, Inc. (NASDAQ:TRIT) indicates that the trading volumes over the past 10 days have averaged 1.45 Million and over the past 3 months, they’ve averaged 1.72 Million. According to company’s latest data on outstanding shares, there are 83.2 Million shares outstanding.
Nearly 62.07% of Triterras, Inc.’s shares belong to company insiders and institutional investors own 30.19% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 4.86 Million shares as on December 30, 2020, resulting in a short ratio of 1.51. According to the data, the short interest in Triterras, Inc. (TRIT) stood at 5.85% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 1.25 Million. The stock has risen by +8.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRIT stock heading into the next quarter.
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