64 institutions hold shares in Triterras Inc. (TRIT), with 3.1M shares held by insiders accounting for 62.07% while institutional investors hold 77.96% of the company’s shares. The shares outstanding are 83.42M, and float is at 76.87M with Short Float at 9.44%. Institutions hold 29.57% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 8.05 million shares valued at $88.85 million. The investor’s holdings represent 9.68% of the TRIT Shares outstanding. As of Dec 30, 2020, the second largest holder is Adage Capital Partners GP L.L.C. with 2.21 million shares valued at $24.38 million to account for 2.66% of the shares outstanding. The other top investors are Ranger Investment Management, LP which holds 1.93 million shares representing 2.32% and valued at over $21.28 million, while Ensign Peak Advisors, Inc holds 1.99% of the shares totaling 1.65 million with a market value of $18.22 million.
Triterras Inc. (NASDAQ: TRIT) is -26.11% lower on its value in year-to-date trading and has touched a low of $5.86 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 $7.87 in the last trading session, with the day’s gains setting it 0.28% off its average median price target of $12.00 for the next 12 months. It is also 32.08% off the consensus price target high of $12.00 offered by 3 analysts, but current levels are 32.08% higher than the price target low of $12.00 for the same period.
Currently trading at $8.15, the stock is 7.70% and 8.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.67 million and changing 3.56% at the moment leaves the stock -17.54% off its SMA200. TRIT registered -17.43% loss for a year compared to 6-month loss of -23.11%. The firm has a 50-day simple moving average (SMA 50) of $7.52 and a 200-day simple moving average (SMA200) of $9.60.
The stock witnessed a 18.46% gain in the last 1 month and extending the period to 3 months gives it a 0.12%, and is 8.23% 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 4.19% over the week and 4.85% over the month.
Current P/E ratio is 189.53 and Fwd P/E is 8.58. Distance from 52-week low is 39.08% and -47.25% 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. is expected to release its quarterly report on 09/01/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $17M over the same period..
Triterras Inc. (TRIT) Insider Activity
A total of 1 insider transactions have happened at Triterras Inc. (TRIT) in the last six months, with sales accounting for 1 and purchases happening 0 times.