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Troika Media Group Inc (NASDAQ:TRKA) 43.64% Above Its 52-Week Low, How Long Will It Keep Rising?

In last trading session, Troika Media Group Inc (NASDAQ:TRKA) saw 0.44 million shares changing hands with its beta currently measuring 2.13. Company’s recent per share price level of $1.10 trading at -$0.09 or -7.56% at ring of the bell on the day assigns it a market valuation of $18.35M. That closing price of TRKA’s stock is at a discount of -2150.0% from its 52-week high price of $24.75 and is indicating a premium of 43.64% from its 52-week low price of $0.62. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.95 million shares which gives us an average trading volume of 755.50K if we extend that period to 3-months.

For Troika Media Group Inc (TRKA), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.

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Troika Media Group Inc (NASDAQ:TRKA) trade information

Upright in the red during last session for losing -7.56%, in the last five days TRKA remained trading in the red while hitting it’s week-highest on Tuesday, 11/14/23 when the stock touched $1.10 price level, adding 30.38% to its value on the day. Troika Media Group Inc’s shares saw a change of -62.07% in year-to-date performance and have moved -21.43% in past 5-day. Troika Media Group Inc (NASDAQ:TRKA) showed a performance of 1.85% in past 30-days. Number of shares sold short was 0.6 million shares which calculate 1.3 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $37.50 to the stock, which implies a rise of 97.07% to its current value. Analysts have been projecting $37.50 as a low price target for the stock while placing it at a high target of $37.50. It follows that stock’s current price would drop -3309.09% in reaching the projected high whereas dropping to the targeted low would mean a loss of -3309.09% for stock’s current value.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -34.52% during past 5 years.

TRKA Dividends

Troika Media Group Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Troika Media Group Inc (NASDAQ:TRKA)’s Major holders

Insiders are in possession of 7.69% of company’s total shares while institution are holding 2.61 percent of that, with stock having share float percentage of 2.83%. Investors also watch the number of corporate investors in a company very closely, which is 2.61% institutions for Troika Media Group Inc that are currently holding shares of the company. HighTower Advisors, LLC is the top institutional holder at TRKA for having 0.25 million shares of worth $0.28 million. And as of Sep 29, 2023, it was holding 1.52% of the company’s outstanding shares.

The second largest institutional holder is Geode Capital Management, LLC, which was holding about 0.15 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 0.89% of outstanding shares, having a total worth of $0.16 million.

On the other hand, Fidelity Extended Market Index Fund and Fidelity Total Market Index Fund are the top two Mutual Funds which own company’s shares. As of Aug 30, 2023, the former fund manager was holding 68478.0 shares of worth $75325.0 or 0.41% of the total outstanding shares. The later fund manager was in possession of 31735.0 shares on Aug 30, 2023, making its stake of worth around $34908.0 in the company or a holder of 0.19% of company’s stock.

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