In the past week, TIRX stock has gone up by 46.56%, with a monthly gain of 34.24% and a quarterly surge of 27.19%. The volatility ratio for the week is 34.79%, and the volatility levels for the last 30 days are 16.14% for Tian Ruixiang Holdings Ltd The simple moving average for the past 20 days is 38.61% for TIRX’s stock, with a -19.00% simple moving average for the past 200 days.
Is It Worth Investing in Tian Ruixiang Holdings Ltd (NASDAQ: TIRX) Right Now?
Company’s 36-month beta value is 0.49.
The public float for TIRX is 2.56M, and currently, short sellers hold a 0.20% ratio of that floaft. The average trading volume of TIRX on April 23, 2024 was 1.38M shares.
TIRX) stock’s latest price update
The stock of Tian Ruixiang Holdings Ltd (NASDAQ: TIRX) has decreased by -8.00 when compared to last closing price of 0.75. Despite this, the company has experienced a 46.56% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-08-21 that Tian Ruixiang (NASDAQ: TIRX ) stock is rising higher on Monday after the insurance broker company revealed a share transfer Unitrust Holdings Limited has obtained a 61.22% stake in Tian Ruixiang after acquiring shares from Wang Investor Co. Ltd. That saw it obtain 106,500 Class A shares for $10,000 and 250,000 Class B shares for $15,000.
TIRX Trading at 28.00% from the 50-Day Moving Average
After a stumble in the market that brought TIRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.24% of loss for the given period.
Volatility was left at 16.14%, however, over the last 30 days, the volatility rate increased by 34.79%, as shares surge +35.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.74% upper at present.
During the last 5 trading sessions, TIRX rose by +46.56%, which changed the moving average for the period of 200-days by -47.73% in comparison to the 20-day moving average, which settled at $0.5069. In addition, Tian Ruixiang Holdings Ltd saw 0.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TIRX
Current profitability levels for the company are sitting at:
- -2.65 for the present operating margin
- 0.62 for the gross margin
The net margin for Tian Ruixiang Holdings Ltd stands at -2.28. Equity return is now at value -7.44, with -7.06 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.51.
Conclusion
In a nutshell, Tian Ruixiang Holdings Ltd (TIRX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
