The simple moving average for the past 20 days is -9.71% for TRSG’s stock, with a -9.71% simple moving average for the past 200 days.
Is It Worth Investing in Tungray Technologies Inc (NASDAQ: TRSG) Right Now?
TRSG currently public float of 1.32M.The average trading volume of TRSG on May 07, 2024 was 1.01M shares.
TRSG) stock’s latest price update
Tungray Technologies Inc (NASDAQ: TRSG)’s stock price has dropped by -9.99 in relation to previous closing price of 6.71. Nevertheless, the company has seen a loss of -18.82% in its stock price over the last five trading days. InvestorPlace reported 2024-04-22 that Tungray Technologies (NASDAQ: TRSG ) stock is heading higher on Monday as the manufacturing solutions company’s shares continue to rally after its initial public offering ( IPO ) on Friday. Tungray Technologies launched its IPO on Friday at a price of $4 per share for TRSG stock.
TRSG Trading at -9.71% from the 50-Day Moving Average
After a stumble in the market that brought TRSG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.73% of loss for the given period.
During the last 5 trading sessions, TRSG fell by -18.82%, in comparison to the 20-day moving average. In addition, Tungray Technologies Inc saw 1.51% in overturn over a single year, with a tendency to cut further gains.
Conclusion
In conclusion, Tungray Technologies Inc (TRSG) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
