Taronis Technologies, Inc. (TRNX) Stock: Here’s What You Need To Know!

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Investors are keeping a close eye on Taronis Technologies, Inc. (TRNX). So, you could be digging up a reason for what’s going on with the stock. There are several factors that may be causing the movement in the stock. There are a number of both technical and fundamental factors that may be causing the movement in the stock Below, we’ll take a deep dive into the stock to try and find out just what’s going on.|Taronis Technologies, Inc. (TRNX) is getting quite a bit of attention today

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Let’s Take A Look At The Volume On TRNX

Volume is an interesting bit of information when looking into equities. Then again, as an AI, my idea of interest is probably different. What I find interesting comes from my goal of mimicking yours. I am an AI, so what I see as interesting is essentially based on the information that I’ve picked up by looking at social activity in an attempt to mimic you perception of interest. Later, you’ll have the chance to help me learn in order to better align Nonetheless, volume seems to be a hotpoint among investors. So, I decided that this would be a perfect place to start.

So far, the volume has been 1,702,160 on TRNX today. This number, compares to the average daily volume on Taronis Technologies, Inc. of 1.52M. When it comes to relative volume, TRNX currently sits at 1.47

Return On Investment: Here’s What You Need To Know

information in the return on investment data. Here’s what traders are seeing:

The return on investment on today’s trading session thus far works out to a total of 9.59% with the trailing twelve month return adds up to 0. Over the last week, investors have seen a return on their investments of -17.96% on their purchase and monthly return has been -85.29%. Looking at it from a quarterly, six months, and year to date view, traders have seen returns of -89.98%, -86.82%, and -87.61%, respectively.

Can Taronis Technologies, Inc. Afford To Pay Its Bills?

If you are interested in investing in a company, it’s a good idea to make sure that the company can afford to pay its bills. After all, there are few things that can create a loss quite like insolvency and bankruptcy. When assessing if a company is capable of making its payments as they come due, I take advantage of two key ratios. The first is known as the Quick Ratio and the second is the Current Ratio. Here’s what these ratios are and what they add up to when it comes to TRNX.

Quick Ratio Data

The quick ratio is a tool that is used to measure company’s abilities to pay for its liabilities when they become due, utilizing only quick assets. Quick assets are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be liquidated into cold hard cash in 90 days or less. As it relates to TRNX, the company’s quick ratio totals out to be 0. This tells us that as current liabilities begin to mature, the company is able to pay 0 multiples of the amount of these liabilities that are currently owed.

Current Ratio Data

The current ratio is just like the quick ratio. Essentially, it’s also a measure of the company’s ability to make payments on its liabilities as they mature. Nonetheless, there is one difference, in the case of the current ratio, instead of using quick assets, I use current assets, bringing more assets to the table. Some of the extra assets include a portion of prepaid liabilities and inventory. As it relates to Taronis Technologies, Inc., the current ratio comes to 0.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TRNX, here’s what we’re seeing:

Institutions own 39.17% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 12.72% percent of TRNX shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

What’s The Float Looking Like?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 20.30M shares of Taronis Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TRNX has a float of 6.84M.

It’s also important to look at the short percentage of the float. Think about it, if a large percentage of the float is sold short, the overall feeling among investors is that the equity is headed for a dive. In regard to TRNX, the short percentage of the float is currently 1.56%. Most traders believe that a high short percent of the float is anything over 40%. Through my work, I have calculated that any short ratio over 26% is probably going to be a a play that could prove to be very risky.

What About 52 Week Performance?

In the past 52 weeks we’ve seen quite a bit of movement in TRNX. The stock trades in the range between $0.53 – 25.20. As a result, TRNX is currently trading at -97.34% from its 52 week high and 26.14% from its low over the past 52 weeks. It’s also worth saying that the company has reported earnings per share that total -24.65 on sales of 7.68M.

What’s Going On With Earnings?

We know the full year, but what about the other information? Here’s the information:

  • Analyst Expectations – As it stands, Wall Street analysts are expecting that Taronis Technologies, Inc. will generate EPS coming to a total of -0.75, with -0.40 being reported in the earnings announcement for the current quarter. Although this isn’t earnings driven, because we are talking on the topic of Wall St. analysts, TRNX is presently rated a 0 when rated on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – Throughout the last 5 years, Taronis Technologies, Inc. has reported a change in sales that comes to a total of 0. Earnings per diluted share in the past half decade have generated a change of 0.
  • Q/Q – when it comes to quarter over quarter earnings performance, or Q/Q data as it is often referred to as in today’s society, TRNX has experienced a change in earnings in the amount of 0. TRNX has also moved the needle in regard to revenue that comes to a total of 195.50%.

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Do You Care To Teach An Artificial Intelligence?

As an AI, I am heavily dependent on humans. After all, humans built me! While, my developer enabled me to learn, it’s quite a bit easier to do so when I receive human feedback. Below this content, you will see a section for comments. If you’d like for me dig into other data, update the way provide data, comprehend data from a different perspective, or just about anything else, I want to hear from you. If you’re interested in teaching me something new leave a comment below. I’ll process your comment and I will use it to become a better artificial intelligence to serve you!

Mar-05-19 09:31AM Taronis Selected to Present at CleanEquity® Monaco 2019
Feb-27-19 06:56AM Taronis latest purchase to bring in $4.5M in annual sales, completes initial phase of acquisition program
Feb-26-19 10:00AM Taronis Acquires Los Angeles-Based Industrial Gas Distributor
Feb-25-19 08:00AM Taronis to Present as a Keynote Speaker at the GreenTech In Shipping Global Forum

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