Tron (NASDAQ:TRON) Trading Down 7.3% - Should You Sell?

Key Points

• Shares of Tron (NASDAQ:TRON) fell 7.3% intraday to about $2.23 (low $2.21) on Tuesday, with trading volume roughly 254,718 shares—about 77% below average.
• Analyst sentiment is negative: Weiss Ratings reissued a "sell (d+)" on March 27 and MarketBeat shows a consensus rating of "Sell".
• Fundamentals show a market cap of $612.97 million, a negative P/E (-11.16), a high beta (11.82), 50- vs. 200-day SMAs of $1.62 and $1.94 respectively, and roughly 28.03% institutional ownership.

Shares of Tron Inc. (NASDAQ:TRON - Get Free Report) dropped 7.3% during mid-day trading on Tuesday . The company traded as low as $2.21 and last traded at $2.2260. Approximately 254,718 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 1,121,209 shares. The stock had previously closed at $2.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "sell (d+)" rating on shares of Tron in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Tron Stock Down 6.9%

The stock has a market capitalization of $612.97 million, a price-to-earnings ratio of -11.16 and a beta of 11.82. The business has a 50-day simple moving average of $1.62 and a two-hundred day simple moving average of $1.94.

Institutional Investors Weigh In On Tron

A number of institutional investors have recently added to or reduced their stakes in TRON. Geode Capital Management LLC acquired a new stake in Tron in the fourth quarter worth approximately $487,000. Goldman Sachs Group Inc. acquired a new stake in Tron in the fourth quarter worth approximately $116,000. LPL Financial LLC acquired a new stake in shares of Tron during the 4th quarter valued at $1,018,000. Renaissance Technologies LLC acquired a new stake in shares of Tron during the 4th quarter valued at $348,000. Finally, State Street Corp acquired a new stake in shares of Tron during the 4th quarter valued at $90,000. 28.03% of the stock is currently owned by institutional investors and hedge funds.

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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