Tron (NASDAQ:TRON) Shares Up 7.4% – Still a Buy?

Tron Inc. (NASDAQ:TRON) shares shot up 7.4% during trading on Monday . The stock traded as high as $1.90 and last traded at $1.88. 89,752 shares changed hands during trading, a decline of 91% from the average session volume of 1,001,993 shares. The stock had previously closed at $1.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Tron in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Tron Price Performance

The business’s 50 day moving average is $2.16 and its two-hundred day moving average is $1.79. The firm has a market capitalization of $870.49 million, a PE ratio of -16.68 and a beta of 8.33.

Tron (NASDAQ:TRON) last released its earnings results on Friday, May 8th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.18 million for the quarter. Tron had a negative return on equity of 7.27% and a net margin of 112.96%.

Institutional Trading of Tron

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of Tron during the fourth quarter valued at about $164,000. Engineers Gate Manager LP bought a new position in shares of Tron during the fourth quarter valued at about $84,000. ExodusPoint Capital Management LP bought a new position in shares of Tron during the fourth quarter valued at about $155,000. OMERS ADMINISTRATION Corp bought a new position in shares of Tron during the fourth quarter valued at about $143,000. Finally, Marshall Wace LLP bought a new position in shares of Tron during the fourth quarter valued at about $218,000. Hedge funds and other institutional investors own 28.03% of the company’s stock.

About Tron

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.