Shares of Triterras (TRIT -15.71%) were pummeled today after the company said in a regulatory filing that Rhodium Resources (which recently changed its name to Antanium Resources) received a statutory demand for payment from one of its creditors.
Is trit a buy or sell?
$4.00 98.02% UpsideTypeCurrent 5/26/21 to 5/26/221 Year Ago 5/26/20 to 5/26/21Buy01Hold12Sell00Consensus Price Target$4.00$16.003 more rows
Is Triterras stock a buy?
The 1 analysts offering 12-month price forecasts for Triterras Inc have a median target of 4.00, with a high estimate of 4.00 and a low estimate of 4.00. The median estimate represents a +205.34% increase from the last price of 1.31.
Why has stock market been going down?
Global stock markets have taken a battering in 2022 over fears of high inflation, rising interest rates and economic recession. US technology share prices have been hit particularly hard, with the tech-heavy Nasdaq Composite Index falling by over 30% since November.
What stocks are down right now?
Day LosersSymbolName% ChangeACADACADIA Pharmaceuticals Inc.-33.68%AMEDAmedisys, Inc.-12.64%ECEcopetrol S.A.-12.72%DVADaVita Inc.-10.73%21 more rows
Will the stock market Crash 2022?
Stocks in 2022 are off to a terrible start, with the S&P 500 down close to 20% since the start of the year as of May 23. Investors in Big Tech are growing more concerned about the economic growth outlook and are pulling back from risky parts of the market that are sensitive to inflation and rising interest rates.
Which stock need to buy today?
Buy Ashok Leyland, target price Rs 182: ICICI Securities. ... Add Mahindra & Mahindra, target price Rs 1113: ICICI Securities. ... Buy Tata Motors, target price Rs 680: ICICI Securities. ... Buy Hero MotoCorp, target price Rs 3042: ICICI Securities. ... Buy Eicher Motors, target price Rs 3315: ICICI Securities.More items...
What should I do when stocks go down?
The best thing to do is sit tight and have patience. If you have money to invest, buying stocks low could prove to be a savvy long term move during a recession. After things have cooled off, take time to review your investments and make any adjustments to bring your asset allocation back into balance.
Which is best share to buy tomorrow?
stocks to buy tomorrow intraday NSE. Stocks going UP tomorrowCompanyToday's MovementTomorrow's MovementMittal Life MITTAL Experts ViewBullishmight go UP Tomorrow buyPidilite Industries PIDILITIND Experts ViewBullishmight go UP Tomorrow buyWonder Fibromats WFL Experts ViewBullishmight go UP Tomorrow buy3 more rows
Where will stock be in 2022?
Wall Street has been on a downward spiral throughout 2022, as concerns about inflation and interest rates have been exacerbated by global events, most notably the war in Ukraine and China's efforts to stamp out the coronavirus.
What stock will go up today?
Day GainersSymbolName% ChangeJKSJinkoSolar Holding Co., Ltd.+11.13%CHWYChewy, Inc.+11.05%GDSGDS Holdings Limited+11.17%TSLATesla, Inc.+9.35%21 more rows
Should I buy or sell Triterras stock right now?
1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Triterras in the last year. There are currently 1 hold rating for...
What is Triterras' stock price forecast for 2022?
1 brokers have issued 12-month target prices for Triterras' stock. Their forecasts range from $4.00 to $4.00. On average, they anticipate Triterras...
Who are Triterras' key executives?
Triterras' management team includes the following people: Mr. Srinivas Koneru , Founder, Exec. Chairman & CEO Mr. John Galani , Chief Operating...
Who are some of Triterras' key competitors?
Some companies that are related to Triterras include Isleworth Healthcare Acquisition (ISLE) , Waverley Capital Acquisition Corp. 1 (WAVC) , EVe...
What is Triterras' stock symbol?
Triterras trades on the NASDAQ under the ticker symbol "TRIT."
Who are Triterras' major shareholders?
Triterras' stock is owned by many different retail and institutional investors. Top institutional investors include Advisor Group Holdings Inc. (1....
Which institutional investors are selling Triterras stock?
TRIT stock was sold by a variety of institutional investors in the last quarter, including Sculptor Capital LP, Sculptor Capital LP, Jane Street Gr...
Which institutional investors are buying Triterras stock?
TRIT stock was purchased by a variety of institutional investors in the last quarter, including United Capital Financial Advisers LLC, and Advisor...
What is Triterras' stock price today?
One share of TRIT stock can currently be purchased for approximately $2.02.
Who bought TRIT stock?
TRIT stock was purchased by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., and Cetera Advisor Networks LLC.
What is Triterras' stock price today?
One share of TRIT stock can currently be purchased for approximately $0.66.
Who are Triterras' major shareholders?
Triterras' stock is owned by a variety of institutional and retail investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (1.95%), Advisor Group Holdings Inc. (1.42%), Susquehanna International Group LLP (0.00%), Citadel Advisors LLC (0.00%), D. E. Shaw & Co. Inc. (0.38%) and Gratia Capital L LC (0.37%).
Where are Triterras' headquarters?
Triterras is headquartered at 445 PARK AVENUE 9TH FLOOR, NEW YORK NY, 10022.
What is the ticker symbol for Triterras?
Triterras trades on the NASDAQ under the ticker symbol "TRIT."
What is the P/B ratio of Triterras?
Triterras has a P/B Ratio of 26.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
Where is Triterras located?
Triterras' mailing address is 445 PARK AVENUE 9TH FLOOR, NEW YORK NY, 10022. The company can be reached via phone at 972-979-5995.
How much did Triterras stock fall in 2021?
The Triterras, Inc. stock price fell by -6.73% on the last day (Tuesday, 6th Jul 2021) from $6.39 to $5.96. and has now fallen 4 days in a row. During the day the stock fluctuated 7.11% from a day low at $5.91 to a day high of $6.33. The price has fallen in 9 of the last 10 days and is down by -8.59% for this period. Volume has increased on the last day by 399 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 606 thousand shares were bought and sold for approximately $3.61 million.
Is Triterras oversold?
Triterras, Inc. is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Is Bollinger Band stock high risk?
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.36 between high and low, or 8.14%. For the last week, the stock has had a daily average volatility of 7.19% .
A company with close ties to Triterras owes money to a creditor
Chris has covered Tech and Telecom companies for The Motley Fool since 2012. Follow him on Twitter for the latest tech stock coverage. Follow @tmfnewsie
What happened
Shares of Triterras ( NASDAQ:TRIT) were pummeled today after the company said in a regulatory filing that Rhodium Resources (which recently changed its name to Antanium Resources) received a statutory demand for payment from one of its creditors.
So what
Rhodium has to respond to this statutory demand within 21 days or "a bankruptcy application could be filed by the creditor" against the company. Rhodium said that its business has been adversely impacted by the COVID-19 pandemic.
Now what
Triterras said that it will continue its business relationship with Rhodium and still expects to receive a $1.7 million repayment of outstanding advances from the company. But Triterras also added that revenue from Rhodium will continue to decline.
