Tungray Technologies Inc (NASDAQ: TRSG)’s stock price has soared by 5.52 in relation to previous closing price of 2.90. Nevertheless, the company has seen a gain of 17.69% in its stock price over the last five trading days. prnewswire.com reported 2024-04-30 that SINGAPORE, April 30, 2024 /PRNewswire/ — Tungray Technologies Inc (the “Company” or “Tungray”) (NasdaqCM: TRSG), a provider of customized industrial manufacturing solutions to Original Equipment Manufacturers (OEMs) in the semiconductors, printers, electronics, and home appliances industries, today announced that US Tiger Securities, Inc. (“US Tiger”), who acted as the underwriter and sole book-runner of the Company’s underwritten initial public offering (“IPO”), has exercised the partial over-allotment option and purchased an additional 103,485 Class A ordinary shares of the Company at the IPO price of $4.00 per share. As a result, the Company has raised approximately $5.41 million in gross proceeds, before underwriting discounts and other related expenses, through the issuance of a total of 1,353,485 Class A ordinary shares in the IPO.
Is It Worth Investing in Tungray Technologies Inc (NASDAQ: TRSG) Right Now?
The public float for TRSG is 2.49M, and at present, short sellers hold a 1.24% of that float. The average trading volume of TRSG on August 23, 2024 was 32.22K shares.
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TRSG’s Market Performance
TRSG’s stock has seen a 17.69% increase for the week, with a 1.25% rise in the past month and a -37.61% fall in the past quarter. The volatility ratio for the week is 17.59%, and the volatility levels for the past 30 days are at 10.01% for Tungray Technologies Inc The simple moving average for the last 20 days is 10.27% for TRSG’s stock, with a simple moving average of -26.55% for the last 200 days.
TRSG Trading at -6.20% 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 -74.02% of loss for the given period.
Volatility was left at 10.01%, however, over the last 30 days, the volatility rate increased by 17.59%, as shares surge +11.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.17% lower at present.
During the last 5 trading sessions, TRSG rose by +26.87%, in comparison to the 20-day moving average, which settled at $2.79. In addition, Tungray Technologies Inc saw -48.57% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TRSG
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.47 for the gross margin
The net margin for Tungray Technologies Inc stands at 0.06. The total capital return value is set at 0.06.
Based on Tungray Technologies Inc (TRSG), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17.
Currently, EBITDA for the company is 1.13 million with net debt to EBITDA at -6.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.86. The receivables turnover for the company is 3.47for trailing twelve months and the total asset turnover is 0.53.
Conclusion
In summary, Tungray Technologies Inc (TRSG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
