Troika Media Group Inc. (NASDAQ: TRKA) stock fell -5.27% on Wednesday to $0.23 against a previous-day closing price of $0.24. With 1.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.71 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $0.2500 whereas the lowest price it dropped to was $0.2200. The 52-week range on TRKA shows that it touched its highest point at $1.83 and its lowest point at $0.22 during that stretch. It currently has a 1-year price target of $1.50.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TRKA was down-trending over the past week, with a drop of -13.13%, but this was down by -20.68% over a month. Three-month performance dropped to -68.47% while six-month performance fell -76.98%. The stock lost -84.55% in the past year, while it has lost -80.16% so far this year.
Float and Shares Shorts:
At present, 67.03 million TRKA shares are outstanding with a float of 33.33 million shares on hand for trading. On Oct 30, 2022, short shares totaled 0.77 million, which was 1.14% higher than short shares on Sep 29, 2022. In addition to Mr. Sadiq Toama as the firm’s CEO, Pres & Director, Mr. Michael Tenore serves as its Gen. Counsel & Corp. Sec.
Through their ownership of 7.00% of TRKA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.66% of TRKA, in contrast to 24.34% held by mutual funds. Shares owned by individuals account for 2.74%. As the largest shareholder in TRKA with 3.18% of the stake, HighTower Advisors LLC holds 2,040,200 shares worth 2,040,200. A second-largest stockholder of TRKA, The Vanguard Group, Inc., holds 1,393,020 shares, controlling over 2.17% of the firm’s shares. Geode Capital Management LLC is the third largest shareholder in TRKA, holding 371,181 shares or 0.58% stake. With a 2.04% stake in TRKA, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,312,215 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index E, which owns about 0.41% of TRKA stock, is the second-largest Mutual Fund holder. It holds 260,306 shares valued at 76530.0. Vanguard Extended Market Index Fu holds 0.13% of the stake in TRKA, owning 80,805 shares worth 23757.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, TRKA reported revenue of $85.38M and operating income of $890.57k. The EBITDA in the recently reported quarter was $2.67M and diluted EPS was -$0.30.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRKA since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TRKA analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, TRKA could surge 552.17% to reach the target high and rise by 552.17% to reach the target low. Reaching the average price target will result in a growth of 552.17% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TRKA will report FY 2023 earnings on 09/28/2023. Analysts have provided yearly estimates in a range of $0.01 being high and $0.01 being low. For TRKA, this leads to a yearly average estimate of $0.01.
Summary of Insider Activity:
Insiders traded TRKA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 6,286 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 2,006,286 while 0 shares were sold.