Tron (NASDAQ:TRON) Shares Up 25.8% - Should You Buy?

Key Points

• Tron Inc. shares surged by 25.8% during mid-day trading, reaching a high of $3.71 and last trading at $3.66, with volume increasing by 111% compared to the average session.
• Despite the price jump, analysts have mixed opinions, with one upgrading Tron to a "hold" and others maintaining a consensus rating of "Sell."
• Tron's market capitalization stands at $122.49 million and the company reported a negative net margin of 30.45% along with revenue of $1.34 million in its latest earnings results.

Tron Inc. (NASDAQ:TRON - Get Free Report) shares shot up 25.8% during mid-day trading on Wednesday . The company traded as high as $3.71 and last traded at $3.66. 7,042,666 shares were traded during mid-day trading, an increase of 111% from the average session volume of 3,344,807 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

TRON has been the subject of several recent analyst reports. Wall Street Zen upgraded Tron to a "hold" rating in a research note on Saturday, June 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of Tron in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of "Sell".

Tron Trading Up 25.8%

The stock has a fifty day moving average of $4.43 and a two-hundred day moving average of $3.66. The stock has a market capitalization of $122.49 million, a price-to-earnings ratio of -19.26 and a beta of 13.35.

Tron (NASDAQ:TRON - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.01 earnings per share for the quarter. Tron had a negative return on equity of 4.12% and a negative net margin of 30.45%.The company had revenue of $1.34 million during the quarter.

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.

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