The 36-month beta value for TIRX is at 0.82.
The public float for TIRX is 0.31M, and currently, shorts hold a 10.88% of that float. The average trading volume for TIRX on November 21, 2024 was 52.63K shares.
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TIRX) stock’s latest price update
Tian Ruixiang Holdings Ltd (NASDAQ: TIRX)’s stock price has gone rise by 6.71 in comparison to its previous close of 1.64, however, the company has experienced a -0.79% decrease in its stock price over the last five trading days. globenewswire.com reported 2024-08-16 that BEIJING, Aug. 16, 2024 (GLOBE NEWSWIRE) — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Company”), a China-based insurance broker conducting business through its variable interest entity in China, today announced its financial results for the half year ended April 30, 2024.
TIRX’s Market Performance
TIRX’s stock has fallen by -0.79% in the past week, with a monthly drop of -15.46% and a quarterly drop of -10.71%. The volatility ratio for the week is 10.50% while the volatility levels for the last 30 days are 7.55% for Tian Ruixiang Holdings Ltd The simple moving average for the past 20 days is -2.85% for TIRX’s stock, with a -22.95% simple moving average for the past 200 days.
TIRX Trading at -6.00% 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 -76.35% of loss for the given period.
Volatility was left at 7.55%, however, over the last 30 days, the volatility rate increased by 10.50%, as shares sank -18.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.89% lower at present.
During the last 5 trading sessions, TIRX fell by -0.79%, which changed the moving average for the period of 200-days by -33.32% in comparison to the 20-day moving average, which settled at $1.8014. In addition, Tian Ruixiang Holdings Ltd saw -49.28% 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:
- -5.63 for the present operating margin
- 2.56 for the gross margin
The net margin for Tian Ruixiang Holdings Ltd stands at 1.46. The total capital return value is set at -0.12. Equity return is now at value -10.68, with -9.53 for asset returns.
Based on Tian Ruixiang Holdings Ltd (TIRX), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 15.23.
Currently, EBITDA for the company is -2.94 million with net debt to EBITDA at 6.92. When we switch over and look at the enterprise to sales, we see a ratio of -33.31. The receivables turnover for the company is 88.95for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Tian Ruixiang Holdings Ltd (TIRX) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
