Valuation Today: Taronis Technologies (NASDAQ: TRNX)
Taronis Technologies is part of the oil and gas integrated industry and is in the energy sector. The company CEO is Ermanno Santilli. MagneGas Corp is a technology company that utilizes a plasma based system for the gasification and sterilization of liquid waste. It is also market, sale or licensure, its proprietary plasma arc technology for the processing of liquid waste.
Previous Intraday Performance:
The TRNX shares had a previous change of -2.21% which opened at 0.39 and closed at 0.37. It moved to an intraday high of 0.39 and a low of 0.37.
Historical Performance:
Over the last five trading days, TRNX shares returned -6.69% and in the past 30 trading days it returned -35.87%. Over three months, it changed -48.62%. In one year it has changed -95.62% and within that year its 52 week high was 19.35 and its 52 week low was 0.34. TRNX stock is 8.95% above its 52 week low.
Our calculations result in a 200 day moving average of 2.97 and a 50 day moving average of 0.55. Right now, TRNX stock is trading -87.46% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.
Liquidity:
The company has a market cap of $11.3m with 30.4m shares outstanding and a float of 22.4m shares. Trading volume was 323,763 shares and has experienced an average volume of 931,601 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.
Earnings:
The last annual reported EPS for Taronis Technologies was -15.59 which ended on 31st of December 2017. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.00.
Below was the last reported quarterly diluted earnings per share:
| 1st | Qtr 2019 | Reported 05-20-2019: | -0.60 |
|---|---|---|---|
| 4th | Qtr 2018 | Reported 11-05-2015: | -0.97 |
| 3rd | Qtr 2018 | Reported 08-05-2015: | -2.00 |
| 2nd | Qtr 2018 | Reported 05-05-2015: | -4.80 |
| 1st | Qtr 2018 | Reported 02-24-2015: | -12.44 |
Base on our calculations, the intrinsic value per share is 7.47, which means it might be undervalued and has a margin of safety of 95.01%.
The long-term trend of the EPS is a vital number as it helps understand the future potential of Taronis Technologies; it is usually expressed as a percentage and is then referred to as the EPS growth rate, which at this time is hard to estimate, but revenue growth has been -93.00% over the last twelve months.
Indicators Also to Watch:
Based on the latest filings, there is 1.40% of institutional ownership.
The beta was calculated to be -0.51.
SeekingAlpha: Short And Sharp: Everything Is Not Okay
Fundamental Numbers:
Based on last reported financials, the company’s return on assets is -98.69%, price-to-sales is 4.07 and price-to-book is 0.36.
Company Score Card:
Results are out of six:
5 : Growth Expectations Result
3 : Financial Safety Result
0 : Past Performance Result
3 : Valuation Result
0 : Dividend Safety Result
2 : Overall Result
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