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Why TRX Gold Corporation Stock Might Make Sense If Bought Today

TRX Gold Corporation (AMEX:TRX) traded at $0.50 at close of the session on Monday, 01/23/23, made an upward move of 3.22% on its previous day’s price.

Looking at the stock we see that its previous close was $0.48 and the beta (5Y monthly) reads 0.37 with the day’s price range being $0.49 – $0.51. The company has a trailing 12-month PE ratio of 27.78. In terms of its 52-week price range, TRX has a high of $0.55 and a low of $0.26. The company’s stock has gained about 51.47% over that past 30 days.

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TRX Gold Corporation has a market cap of $130.78 million and is expected to release its quarterly earnings report on Apr 12, 2023 – Apr 17, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0, with the EPS growth for the year raised at $0.01 for 2022 and $0.02 for next year. These figures represent 133.30% and 100.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.09 million, with a low of $6.09 million and a high of $6.09 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TRX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the TRX Gold Corporation (TRX) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 32.87% off its SMA20 and 39.43% from its 50-day simple moving average. The RSI (14) is pointing at 82.56 while the volatility over the past week is 6.96% and jumps to 5.91% over the past one month. The beta value is 0.69, while the average true range (ATR) is currently pointing at 0.02. The average price target for the stock over the next 12 months is $1.20, with the estimates having a low of $1.00 and a high of $1.50. These price ends are -100.0% and -200.0% off the current price level respectively, although investors could be excited at the prospect of a -120.0% if the TRX share price touches on the median price of $1.10.

Coming back to TRX Gold Corporation (AMEX:TRX), we note that the average 3-month trading volume was 336.66K, while that of the preceding 10-day period stands at 0.68 million. Current shares outstanding are 277.70 million.

The insiders hold 2.55% of the company’s shares while institutions hold 1.20%. The data shows that short shares as of Oct 13, 2022, stood at 0.55 million at a short ratio of 1.39. This represents a 0.20% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 0.49 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 47.80% up in year-to-date price movement.

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