Investing in Troika Media Group Inc. [TRKA]: What You Must Know


Troika Media Group Inc.’s recently made public that its 10% Owner Coates Peter acquired Company’s shares for reported $0.4 million on Jul 18. In the deal valued at $0.80 per share,500,000 shares were bought. As a result of this transaction, Coates Peter now holds 10,591,710 shares worth roughly $ 5.93 million.

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Then, Coates Peter bought 9,082 shares, generating $8,491 in total proceeds. Upon buying the shares at $0.93, the 10% Owner now owns 10,091,710 shares.

Before that, Coates Peter bought 75,513 shares. Troika Media Group Inc. shares valued at $71,420 were divested by the 10% Owner at a price of $0.95 per share. As a result of the transaction, Coates Peter now holds 10,082,628 shares, worth roughly $5.65 million.

Price Performance Review of TRKA

On Tuesday, Troika Media Group Inc. [NASDAQ:TRKA] saw its stock fall -26.85% to $0.56. On the same session, the stock had its day’s lowest price of $0.432, but rose to a high of $0.99. Over the last five days, the stock has gained 42.68%. Troika Media Group Inc. shares have risen nearly 382.76% since the year began. Nevertheless, the stocks have fallen -44.55% over the past one year. While a 52-week high of $1.42 was reached on 03/07/23, a 52-week low of $0.09 was recorded on 01/09/23. SMA at 50 days reached $0.2278, while 200 days put it at $0.4633. A total of 598.91 million shares were traded, compared to the trading of 125.07 million shares in the previous session.

Levels Of Support And Resistance For TRKA Stock

The 24-hour chart illustrates a support level at 0.3313, which if violated will result in even more drops to 0.1027. On the upside, there is a resistance level at 0.8893. A further resistance level may holdings at 1.2187. The Relative Strength Index (RSI) on the 14-day chart is 64.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2264, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.78%. Stochastics %K at 73.54% indicates the stock is a holding.

How much short interest is there in Troika Media Group Inc.?

A steep rise in short interest was recorded in Troika Media Group Inc. stocks on Jan 30, 2023, growing by 2.53 million shares to a total of 6.88 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.35 million shares. There was a rise of 36.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 26.38% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.37.

Troika Media Group Inc. [TRKA] – Who Are The Largest Shareholders?

In filings from Altium Capital Management LP, it is revealed that the company now owns 2,672,640 shares, or roughly 3.94% of the outstanding TRKA shares. Additionally, HighTower Advisors LLC decreased -0.15% of its stake after which the total value it holdings stand at $433,924. At present, Virtu Financial BD LLC is holding 288,539 shares valued at $61459.0. UBS Securities LLC owned 198,140 shares of the company at the time of its most recent 13F filing, worth $42204.0.

According to FactSet, Troika Media Group Inc.’s share price will average $1.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 94.81 percent from its previous closing price of $0.77. Analysts expect Troika Media Group Inc. stock to reach the higher price of $1.50, while the lowest price estimate is $1.50. However, 1 analyst have rated TRKA stock as a Buy in their predictions for 2023.


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