In yesterday’s Wall Street session, Troika Media Group Inc. (NASDAQ:TRKA) shares traded at $0.19, down -14.17% from the previous session.
As of this writing, 1 analysts cover Troika Media Group Inc. (NASDAQ:TRKA). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $1.50, we find $1.50. Given the previous closing price of $0.22, this indicates a potential upside of 581.82 percent. TRKA stock price is now -15.85% away from the 50-day moving average and -37.49% away from the 200-day moving average. The market capitalization of the company currently stands at $68.56M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
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In other news, Coates Peter, 10% Owner bought 500,000 shares of the company’s stock on Jul 18. The stock was bought for $398,050 at an average price of $0.80. Upon completion of the transaction, the 10% Owner now directly owns 10,591,710 shares in the company, valued at $2.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, 10% Owner Coates Peter bought 9,082 shares of the business’s stock. A total of $8,491 was incurred on buying the stock at an average price of $0.93. This leaves the insider owning 10,091,710 shares of the company worth $1.92 million. A total of 15.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TRKA stock. A new stake in Troika Media Group Inc. shares was purchased by BLACKROCK INC. during the first quarter worth $1,437,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $166,000 in shares of TRKA during the first quarter. In the first quarter, ADVISOR GROUP HOLDINGS, INC. acquired a new stake in Troika Media Group Inc. valued at approximately $55,000. GATEWAY WEALTH PARTNERS, LLC acquired a new stake in TRKA for approximately $43,000. EMPERY ASSET MANAGEMENT, LP purchased a new stake in TRKA valued at around $35,000 in the second quarter. In total, there are 27 active investors with 7.00% ownership of the company’s stock.
Thursday morning saw Troika Media Group Inc. (NASDAQ: TRKA) opened at $0.1833. During the past 12 months, Troika Media Group Inc. has had a low of $0.09 and a high of $1.27. As of last week, the company has a debt-to-equity ratio of 4.99, a current ratio of 0.60, and a quick ratio of 0.60. The fifty day moving average price for TRKA is $0.2252 and a two-hundred day moving average price translates $0.3043 for the stock.
The latest earnings results from Troika Media Group Inc. (NASDAQ: TRKA) was released for Mar, 2023. The net profit margin was -13.40% and return on equity was -244.10% for TRKA. The company reported revenue of $59.04 million for the quarter, compared to $15.69 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 276.4 percent.
Troika Media Group Inc.(TRKA) Company Profile
Troika Media Group, Inc., a professional services company, provides consulting services and solutions worldwide. It offers brand building and activation, marketing innovation and enterprise technology, and performance and customer acquisition; and internal and external creative, technical or media-based resources, third party advertising technology solutions, proprietary business intelligence systems, data delivery systems, and other services. In addition, it provides consumer engagement tactics, digital and offline ecosystems, and customer acquisition methods. The company was formerly known as M2 nGage Group, Inc. and changed its name to Troika Media Group, Inc. in July 2017. Troika Media Group, Inc. is headquartered in New York, New York.
