Tron (NASDAQ:TRON) Stock Price Up 9.5% – What’s Next?

Tron Inc. (NASDAQ:TRON) rose 9.5% on Wednesday . The stock traded as high as $1.94 and last traded at $2.0140. Approximately 1,526,450 shares changed hands during trading, an increase of 89% from the average daily volume of 807,856 shares. The stock had previously closed at $1.84.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Tron in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Tron currently has an average rating of “Sell”.

Tron Stock Up 7.9%

The stock has a market cap of $544.64 million, a PE ratio of -49.61 and a beta of 13.84. The company’s fifty day moving average is $1.43 and its 200 day moving average is $2.05.

Hedge Funds Weigh In On Tron

A number of hedge funds have recently made changes to their positions in TRON. Virtu Financial LLC acquired a new position in shares of Tron during the 4th quarter valued at $52,000. Squarepoint Ops LLC purchased a new position in Tron in the fourth quarter valued at about $80,000. Engineers Gate Manager LP acquired a new position in shares of Tron during the fourth quarter worth about $84,000. State Street Corp acquired a new position in shares of Tron during the fourth quarter worth about $90,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Tron in the fourth quarter worth about $116,000. Hedge funds and other institutional investors own 28.03% of the company’s stock.

Tron Company Profile

SRM Entertainment, Inc designs, manufactures, and sells toys and souvenirs to theme parks. It sells its products through amusement parks, entertainment venues, and theme hotels in the United States, China, Japan, and internationally. The company was incorporated in 2022 and is based in Jupiter, Florida.