Troika Media Group Inc. (TRKA:NSD) has recently garnered attention as investors contemplate its performance in the coming weeks. This article provides a comprehensive analysis of TRKA stock, including its price movements, market cap, technical indicators, analyst ratings, price targets, and comparison with peers. Additionally, it highlights the company’s trading volume, insider ownership, institutional holdings, and short interest, offering valuable insights for investors.
TRKA Stock Price Movements and Market Cap:
On June 7, TRKA experienced a decline of -10.86% to reach $2.79, below its previous day’s close. The stock’s 52-week high and low were recorded at $3.75 and $2.38, respectively. Notably, Troika witnessed a significant -41.45% drop in value over the past month. The current market cap of Troika Media Group Inc. stands at approximately $46.12 million.
Technical Indicators:
Short-term indicators suggest a 100% sell recommendation for Troika, while medium and long-term indicators also indicate a 100% sell sentiment for the stock. The Relative Strength Index (RSI) for TRKA stock stands at 33.41, reflecting a bearish sentiment. Furthermore, the stock is -36.34% and -46.24% below its 20-day and 50-day simple moving averages, respectively. TRKA’s average true range (ATR) is 0.66, and the stock has a beta value of 0.
TRKA Stock-Analyst Ratings and Price Targets:
One analyst rates TRKA as a buy, with no hold, overweight, or sell ratings. This suggests that the consensus analyst rating for the TRKA stock is a buy, presenting an opportunity for investors interested in increasing their holdings. The average 52-week price target for TRKA is $1.50, representing a potential 46.24% increase from the current price.
Comparison with Peers:
When compared to its peers, Troika has demonstrated weaker market performance. TRKA stock experienced a -10.86% change in its intraday price in the last session and an -89.06% decline over the past year. In contrast, the S&P 500 and Dow Jones Industrial indexes showed a relatively smaller decrease of -0.38% and 0.27%, respectively, in the last trading session.
TRKA Stock-Trading Volume and Ownership:
TRKA stock has shown an average trading volume of 1.71 million shares over the past 10 days and 2.72 million shares over the past 3 months. The company has 16.53 million shares outstanding, with 15.60% held by company insiders and 7.00% owned by institutional holders. Short interest in Troika amounted to 2.11% of shares outstanding as of May 14, 2023, indicating a decrease from 0.52 million shares registered on April 13, 2023.
Conclusion:
Despite the recent decline in stock price, analysts maintain a buy rating and a median price target of $1.50, suggesting potential growth ahead. However, investors should carefully consider the stock’s technical indicators, trading volumes, and comparisons with peers before making investment decisions. TRKA’s market performance and future prospects warrant continued investor attention as the next quarter unfolds.
