Tron (NASDAQ:TRON) Stock Price Up 6.9% – Still a Buy?

Tron Inc. (NASDAQ:TRON) shares rose 6.9% on Monday . The company traded as high as $2.07 and last traded at $2.0530. Approximately 112,913 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,058,133 shares. The stock had previously closed at $1.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Tron in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tron presently has a consensus rating of “Sell”.

Tron Price Performance

The company has a market capitalization of $633.82 million, a price-to-earnings ratio of -11.55 and a beta of 8.77. The business’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $1.86.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Leonteq Securities AG acquired a new position in Tron in the first quarter valued at $91,000. Virtu Financial LLC acquired a new position in Tron in the fourth quarter valued at $52,000. Squarepoint Ops LLC acquired a new position in Tron in the fourth quarter valued at $80,000. Engineers Gate Manager LP acquired a new position in Tron in the fourth quarter valued at $84,000. Finally, State Street Corp acquired a new position in Tron in the fourth quarter valued at $90,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

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.