Tron (NASDAQ:TRON) Stock Price Up 25.8% - Here's Why

Key Points

• Tron (NASDAQ:TRON) saw a significant stock price increase of 25.8% on Wednesday, rising from a previous close of $2.91 to $3.66, with trading volume up 111% compared to average levels.
• Despite the stock surge, analysts have mixed views; Wall Street Zen upgraded Tron to a "hold" rating, while Weiss Ratings restated a "sell" rating, leading to a consensus rating of "Sell."
• Tron's financials report revealed a negative net margin of 30.45% and a negative return on equity of 4.12%, alongside Q2 earnings of $0.01 per share and revenue of $1.34 million.

Tron Inc. (NASDAQ:TRON - Get Free Report)'s stock price rose 25.8% on Wednesday . The company traded as high as $3.71 and last traded at $3.66. Approximately 7,042,666 shares traded hands during trading, an increase of 111% from the average daily volume of 3,344,807 shares. The stock had previously closed at $2.91.

Analysts Set New Price Targets

Several research firms have recently commented on TRON. Wall Street Zen upgraded Tron to a "hold" rating in a research report on Saturday, June 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Tron in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of "Sell".

Tron Stock Performance

The company has a market cap of $122.49 million, a PE ratio of -19.26 and a beta of 13.35. The company's 50-day simple moving average is $4.43 and its 200 day simple moving average is $3.66.

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

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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