TRX Gold Corp (AMEX:TRX) price on Friday, April 11, rose 11.52% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.30.
A look at the stock’s price movement, the close in the last trading session was $0.27, moving within a range at $0.2802 and $0.305. The beta value (5-Year monthly) was 0.294 while the PE ratio in trailing twelve months stood at 56.60. Turning to its 52-week performance, $0.49 and $0.27 were the 52-week high and 52-week low respectively. Overall, TRX moved -6.66% over the past month.
TRX Gold Corp’s market cap currently stands at around $84.56 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Jan-13.
Analysts have a consensus estimate of 19.72M for the company’s revenue for the quarter, with a low and high estimate of 19.72M and 19.72M respectively. The average forecast suggests up to a 79.53% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 99.3M, representing a 72.21% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TRX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend TRX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TRX’s current price about -1.66% and -3.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.49, while 7-day volatility ratio is 9.18% and 5.16% in the 30-day chart. Further, TRX Gold Corp (TRX) has a beta value of 0.46, and an average true range (ATR) of 0.02. Analysts have given the company’s stock an average 52-week price target of $1.4, forecast between a low of $1.4 and high of $1.4. Looking at the price targets, the low is -366.67% off current price level while to achieve the yearly target high, price needs to move -366.67%. Nonetheless, investors will most likely welcome a -366.67% jump to $1.4 which is the analysts’ median price.
If we refocus on TRX Gold Corp (AMEX:TRX), historical trading data shows that trading volumes averaged 0.6 over the past 10 days and 441.32K over the past 3 months. The company’s latest data on shares outstanding shows there are 280.71 million shares.
The 2.34% of TRX Gold Corp’s shares are in the hands of company insiders while institutional holders own 2.17% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.12 million on 2025-03-14, giving us a short ratio of 0.26. The data shows that as of 2025-03-14 short interest in TRX Gold Corp (TRX) stood at 4.0 of shares outstanding, with shares short falling to 0.28 million registered in 2025-02-14. Current price change has pushed the stock -2.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TRX stock continues to rise going into the next quarter.
