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

Tron Inc. (NASDAQ:TRON) rose 25.8% during trading on Wednesday . The stock traded as high as $3.71 and last traded at $3.66. Approximately 7,042,666 shares traded hands during mid-day 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

TRON has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Tron in a research note on Wednesday. Wall Street Zen upgraded Tron to a “hold” rating in a research report on Saturday, June 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Tron Trading Up 25.8%

The business’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $3.66. The stock has a market cap of $122.49 million, a price-to-earnings ratio of -19.26 and a beta of 13.35.

Tron (NASDAQ:TRON) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.01 EPS for the quarter. Tron had a negative return on equity of 4.12% and a negative net margin of 30.45%.The business had revenue of $1.34 million during the quarter.

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.