58 institutions hold shares in Triterras Inc. (TRIT), with 3.1M shares held by insiders accounting for 62.07% while institutional investors hold 79.59% of the company’s shares. Institutions hold 30.19% of the Float.
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Triterras Inc. (NASDAQ: TRIT) is -28.74% lower on its value in year-to-date trading and has touched a low of $6.50 and a high of $15.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TRIT stock was last observed hovering at around $8.00 in the last trading session, with the day’s loss setting it -0.14% off its average median price target of $18.00 for the next 12 months. It is also 65.83% off the consensus price target high of $23.00 offered by 3 analysts, but current levels are 34.5% higher than the price target low of $12.00 for the same period.
Currently trading at $7.86, the stock is 1.70% and -20.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.62 million and changing -1.75% at the moment leaves the stock -25.20% off its SMA200. TRIT registered -21.01% loss for a year compared to 6-month loss of -22.94%. The firm has a 50-day simple moving average (SMA 50) of $8.83 and a 200-day simple moving average (SMA200) of $10.62.
The stock witnessed a 4.38% gain in the last 1 month and extending the period to 3 months gives it a -35.84%, and is 0.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.03% over the week and 9.97% over the month.
Current P/E ratio is 182.79 and Fwd P/E is 21.83. Distance from 52-week low is 20.92% and -49.13% from its 52-week high.
Triterras Inc. (TRIT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Triterras Inc. (TRIT) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.50, where 2 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Triterras Inc. quarterly earnings per share for the current quarter are estimated at $0.11 with sales reaching $17M over the same period..