The stock of TortoiseEcofin Acquisition Corp III (TRTL) has gone up by 0.18% for the week, with a 0.65% rise in the past month and a 1.40% rise in the past quarter. The volatility ratio for the week is 0.26%, and the volatility levels for the past 30 days are 0.83% for TRTL. The simple moving average for the last 20 days is 0.31% for TRTL stock, with a simple moving average of 2.32% for the last 200 days.
Is It Worth Investing in TortoiseEcofin Acquisition Corp III (NYSE: TRTL) Right Now?
TortoiseEcofin Acquisition Corp III (NYSE: TRTL) has a higher price-to-earnings ratio of 33.39x compared to its average ratio. TRTL has 36-month beta value of 0.02.
The public float for TRTL is 15.98M, and currently, short sellers hold a 0.32% ratio of that float. The average trading volume of TRTL on May 10, 2024 was 158.02K shares.
TRTL) stock’s latest price update
TortoiseEcofin Acquisition Corp III (NYSE: TRTL)’s stock price has plunge by -0.09relation to previous closing price of 10.85. Nevertheless, the company has seen a 0.18% surge in its stock price over the last five trading sessions.
TRTL Trading at 0.58% from the 50-Day Moving Average
After a stumble in the market that brought TRTL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.16% of loss for the given period.
Volatility was left at 0.83%, however, over the last 30 days, the volatility rate increased by 0.26%, as shares surge +0.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.84% upper at present.
During the last 5 trading sessions, TRTL rose by +0.18%, which changed the moving average for the period of 200-days by +4.94% in comparison to the 20-day moving average, which settled at $10.81. In addition, TortoiseEcofin Acquisition Corp III saw 2.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TRTL
The total capital return value is set at -0.02. Equity return is now at value 5.07, with 4.81 for asset returns.
Based on TortoiseEcofin Acquisition Corp III (TRTL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.63. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 0.56.
Currently, EBITDA for the company is -2.96 million with net debt to EBITDA at -0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.33.
Conclusion
To put it simply, TortoiseEcofin Acquisition Corp III (TRTL) 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.
