Friday, March 5, 2021

Triterras Inc. [TRIT] Revenue clocked in at $16.90 million, down -23.75% YTD: What’s Next?

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Triterras Inc. [NASDAQ: TRIT] closed the trading session at $8.41 on 01/25/21. The day’s price range saw the stock hit a low of $7.72, while the highest price level was $9.20. The company report on January 26, 2021 that SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Triterras, Inc. – TRIT; TRITW.

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New York, New York–(Newsfile Corp. – January 25, 2021) – Pomerantz LLP is investigating claims on behalf of investors of Triterras, Inc. (“Triterras” or the “Company”) (NASDAQ: TRIT) (NASDAQ: TRITW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.


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The investigation concerns whether Triterras and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

The stocks have a year to date performance of -23.75 percent and weekly performance of 4.08 percent. The stock has been moved at -20.21 percent over the last six months. The stock has performed -18.59 percent around the most recent 30 days and changed -26.74 percent over the most recent 3-months.

If compared to the average trading volume of 2.28M shares, TRIT reached to a volume of 17685786 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Triterras Inc. [TRIT]:

Northland Capital have made an estimate for Triterras Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 22, 2021. While these analysts kept the previous recommendation, Oppenheimer raised their target price to Outperform. The new note on the price target was released on December 16, 2020, representing the official price target for Triterras Inc. stock.

The Average True Range (ATR) for Triterras Inc. is set at 1.54, with the Price to Sales ratio for TRIT stock in the period of the last 12 months amounting to 41.27. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 0.00.

TRIT stock trade performance evaluation

Triterras Inc. [TRIT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.08. With this latest performance, TRIT shares dropped by -18.59% in over the last four-week period, additionally sinking by -20.21% over the last 6 months – not to mention a drop of -14.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRIT stock in for the last two-week period is set at 38.87, with the RSI for the last a single of trading hit 36.69, and the three-weeks RSI is set at 40.54 for Triterras Inc. [TRIT], while it was recorded at 7.92 for the last single week of trading.

Triterras Inc. [TRIT]: An insightful look at the core fundamentals

Triterras Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.

Triterras Inc. [TRIT]: Insider Ownership positions

There are presently around $165 million, or 30.20% of TRIT stock, in the hands of institutional investors. The top three institutional holders of TRIT stocks are: ADAGE CAPITAL PARTNERS GP, L.L.C. with ownership of 1,749,972, which is approximately New of the company’s market cap and around 62.07% of the total institutional ownership; SAND GROVE CAPITAL MANAGEMENT LLP, holding 1,393,237 shares of the stock with an approximate value of $11.72 million in TRIT stocks shares; and MAVEN SECURITIES LTD, currently with $11.38 million in TRIT stock with ownership of nearly 851.031% of the company’s market capitalization.

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36 institutional holders increased their position in Triterras Inc. [NASDAQ:TRIT] by around 10,438,103 shares. Additionally, 36 investors decreased positions by around 9,861,449 shares, while 3 investors held positions by with 626,918 shares. The mentioned changes placed institutional holdings at 19,672,634 shares, according to the latest SEC report filing. TRIT stock had 26 new institutional investments in for a total of 6,841,296 shares, while 23 institutional investors sold positions of 4,376,659 shares during the same period.

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