Thermon Group Holdings Inc (NYSE:THR) shares, rose in value, with the stock price up by 1.32% to the previous day’s close as strong demand from buyers drove the stock to $30.76.
Actively observing the price movement in the last trading, the stock closed the session at $30.36. The PE ratio was 20.34 over 12-month period. Referring to stock’s 52-week performance, its high was $35.93, and the low was $23.76. On the whole, THR has fluctuated by -8.70% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that THR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.70, with the price of THR currently trading nearly 0.79% and -4.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.74, while the 7-day volatility ratio is showing 2.47% which for the 30-day chart, stands at 3.04%. Furthermore, Thermon Group Holdings Inc (THR)’s beta value is 1.08, and its average true range (ATR) is 0.90.
A comparison of Thermon Group Holdings Inc (THR) with its peers suggests the former has fared considerably weaker in the market. THR showed an intraday change of 1.32% in last session, and over the past year, it grew by 18.40%%.
Data on historical trading for Thermon Group Holdings Inc (NYSE:THR) indicates that the trading volumes over the past 3 months, they’ve averaged 188.46K. According to company’s latest data on outstanding shares, there are 33.72 million shares outstanding.
Nearly 2.32% of Thermon Group Holdings Inc’s shares belong to company insiders and institutional investors own 97.91% of the company’s shares. The stock has fallen by -5.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the THR stock heading into the next quarter.
