Troika Media Group Inc (NASDAQ: TRKA) stock jumped 5.45% on Monday to $1.16 against a previous-day closing price of $1.10. With 0.38 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.56 million shares. During the session, the Advertising Agencies company that operates in wider Communication Services sector, reached to the highest price of $1.2000 whereas the lowest price it dropped to was $1.0900. The 52-week range on TRKA shows that it touched its highest point at $24.75 and its lowest point at $0.62 during that stretch. It currently has a 1-year price target of $37.50. Beta for the stock currently stands at 2.05.
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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 -21.62%, but this was up by 5.45% over a month. The stock lost -82.52% in the past year, while it has lost -60.00% so far this year.
Float and Shares Shorts:
On Oct 30, 2023, short shares totaled 0.6 million, which was 3.60% higher than short shares on Sep 28, 2023. In addition to Mr. Grant Lyon as the firm’s Interim CEO & President, Mr. Eric Glover serves as its VP, Treasurer & Interim CFO.
Institutional Ownership:
Through their ownership of 2.61% of TRKA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 3.30% of TRKA, in contrast to 1.90% held by mutual funds. Shares owned by individuals account for 0.00%. As the largest shareholder in TRKA with 1.52% of the stake, HighTower Advisors LLC holds 254,218 shares worth 254,218. A second-largest stockholder of TRKA, Geode Capital Management LLC, holds 147,702 shares, controlling over 0.89% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TRKA, holding 146,507 shares or 0.88% stake. With a 1.07% stake in TRKA, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 179,017 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.48% of TRKA stock, is the second-largest Mutual Fund holder. It holds 79,524 shares valued at 82705.0. Fidelity Total Market Index Fund holds 0.19% of the stake in TRKA, owning 31,735 shares worth 33004.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TRKA since 0 analysts follow the stock currently. 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 $37.50 and a low target of $37.50, the average target price over the next 12 months is $37.50. Based on these targets, TRKA could surge 3132.76% to reach the target high and rise by 3132.76% to reach the target low. Reaching the average price target will result in a growth of 3132.76% from current levels.
Summary of Insider Activity:
Insiders traded TRKA stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
