Triterras Inc. (NASDAQ:TRIT) went down by -8.92% from its latest closing price compared to the recent 1-year high of $15.45. The company’s stock price has collected 5.97% of gains in the last five trading sessions. Press Release reported on 05/24/21 that Robbins Geller Rudman & Dowd LLP Announces Update Regarding Securities Class Action Lawsuit on Behalf of Triterras, Inc. Investors
Is It Worth Investing in Triterras Inc. (NASDAQ :TRIT) Right Now?
Triterras Inc. (NASDAQ:TRIT) scored a price-to-earnings ratio above its average ratio, recording 156.74 x from its present earnings ratio. Opinions of the stock are interesting as 1 analysts out of 2 who provided ratings for Triterras Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $9.00. TRIT currently public float of 76.87M and currently shorts hold a 7.13% ratio of that float. Today, the average trading volume of TRIT was 722.85K shares.
TRIT’s Market Performance
TRIT stocks went up by 5.97% for the week, with a monthly jump of 29.87% and a quarterly performance of -11.08%, while its annual performance rate touched -32.80%. The volatility ratio for the week stands at 10.23% while the volatility levels for the past 30 days are set at 7.43% for Triterras Inc.. The simple moving average for the period of the last 20 days is 12.69% for TRIT stocks with a simple moving average of -27.14% for the last 200 days.
Analysts’ Opinion of TRIT
Oppenheimer gave a rating of “Outperform” to TRIT, setting the target price at $23 in the report published on December 16th of the previous year.
TRIT Trading at -0.28% from the 50-Day Moving Average
After a stumble in the market that brought TRIT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.38% of loss for the given period.
Volatility was left at 7.43%, however, over the last 30 days, the volatility rate increased by 10.23%, as shares surge +37.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.85% lower at present.
During the last 5 trading sessions, TRIT rose by +5.97%, in comparison to the 20-day moving average, which settled at $6.07. In addition, Triterras Inc. saw -38.89% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TRIT
Equity return is now at value 0.60, with 0.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.