TRX Gold Corp (AMEX: TRX) has a higher price-to-earnings ratio of 522.33x compared to its average ratio. TRX has 36-month beta value of 0.62. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TRX is 272.46M, and currently, short sellers hold a 0.14% ratio of that float. The average trading volume of TRX on April 17, 2024 was 330.06K shares.
TRX) stock’s latest price update
TRX Gold Corp (AMEX: TRX) has experienced a rise in its stock price by 13.85 compared to its previous closing price of 0.41. However, the company has seen a gain of 4.84% in its stock price over the last five trading days. Proactive Investors reported 2024-04-15 that TRX Gold (TSX:TNX, NYSE-A:TRX) said it expects to double throughput to 2,000 tons per day and increase production at the Buckreef gold project as it nears completion of the plant expansion at the site. The company said the expansion is progressing on time, with first gold expected in June 2024.
TRX’s Market Performance
TRX’s stock has risen by 4.84% in the past week, with a monthly rise of 20.38% and a quarterly rise of 29.54%. The volatility ratio for the week is 11.70% while the volatility levels for the last 30 days are 7.18% for TRX Gold Corp The simple moving average for the past 20 days is 13.73% for TRX’s stock, with a 20.78% simple moving average for the past 200 days.
Analysts’ Opinion of TRX
Many brokerage firms have already submitted their reports for TRX stocks, with Alliance Global Partners repeating the rating for TRX by listing it as a “Buy.” The predicted price for TRX in the upcoming period, according to Alliance Global Partners is $1.50 based on the research report published on February 16, 2021 of the previous year 2021.
TRX Trading at 25.77% from the 50-Day Moving Average
After a stumble in the market that brought TRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.26% of loss for the given period.
Volatility was left at 7.18%, however, over the last 30 days, the volatility rate increased by 11.70%, as shares surge +20.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.68% upper at present.
During the last 5 trading sessions, TRX rose by +4.84%, which changed the moving average for the period of 200-days by +14.10% in comparison to the 20-day moving average, which settled at $0.4174. In addition, TRX Gold Corp saw 23.66% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TRX
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.44 for the gross margin
The net margin for TRX Gold Corp stands at 0.0. The total capital return value is set at 0.13. Equity return is now at value 0.47, with 0.30 for asset returns.
Based on TRX Gold Corp (TRX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 202.79. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 4.31.
Currently, EBITDA for the company is 11.93 million with net debt to EBITDA at -0.81. When we switch over and look at the enterprise to sales, we see a ratio of 3.24. The receivables turnover for the company is 18.43for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To put it simply, TRX Gold Corp (TRX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
