TRDA, a technology-based company, is scheduled to report its quarterly earnings on May 11. Analysts are expecting a significant rise in earnings, with estimates pointing to a 20% increase, bringing earnings per share (EPS) to -63 cents. The last earnings report on December 31 showed better-than-expected results, with earnings per share of -79 cents, beating the estimate of -83 cents. In this article, we will dive into TRDA's financial ratios and technical indicators to analyze its potential performance after the earnings release.
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Key Financial Ratios
Price-to-Book (P/B) Ratio: TRDA's P/B ratio of 1.903 is in line with the industry mean of 23.555, suggesting that the stock is fairly valued relative to its peers.
Price-to-Earnings (P/E) Ratio: The company's P/E ratio of 0.000 is within average values for comparable stocks (124.876), indicating that it is not overpriced based on its earnings.
Projected Growth (PEG Ratio): TRDA's PEG ratio of 0.000 is also within normal values, averaging 3.848, suggesting that the stock's growth prospects are in line with industry standards.
Dividend Yield: The company's dividend yield of 0.000 is around the average of 0.029 among similar stocks, which means that investors can expect a reasonable return on their investment.
Price-to-Sales (P/S) Ratio: TRDA's P/S ratio of 0.000 is also within normal values, averaging 317.511, which implies that the stock is not overvalued based on its sales.
Market Capitalization
With 39.57K shares outstanding, TRDA's current market capitalization sits at $384.64 million. This figure indicates that the company has a reasonable market size, and it has the potential to generate higher revenues in the future.
Technical Analysis
TRDA's 10-day Relative Strength Index (RSI) Indicator recently moved out of the overbought zone on April 18, 2023. This development could signal a shift from an upward trend to a downward trend. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor analyzed 6 instances where the RSI indicator left the overbought zone, and in all cases, the stock moved lower in the days that followed. This puts the odds of a move down at 90%.
Although TRDA's financial ratios are within average values, the recent RSI indicator movement suggests that the stock might experience a downward trend in the short term. Investors should closely monitor the company's earnings release on May 11 and consider their investment strategy accordingly. While the company has demonstrated growth in its last earnings report, the technical indicators point towards potential challenges in the near future.
TRDA moved above its 50-day moving average on July 08, 2024 date and that indicates a change from a downward trend to an upward trend. In of 35 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry Biotechnology