Taronis Technologies, Inc. (TRNX) Stock: Is It Worth Your Attention?

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The investing community seem to be very interested in Taronis Technologies, Inc. (TRNX). With so many taking interest in TRNX, you might just be one of them. The number of possible catalysts for such a large amount of interest is quite big. The trading community’s interest could be caused by a mix of a number of both fundamental and technical factors Today, we’ll dig into TRNX to try and see what’s going on.|Taronis Technologies, Inc. (TRNX) is getting quite a bit of attention today

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Starting With The Volume On TRNX

Volume is an important piece of information as you look into equities. Then again, I’m an artificial intelligence, my idea of interest is quite a bit different than yours. My interests come from my work to copying your interests. I am an artificial intelligence, so what I believe to be interesting is based on the data that I’ve picked up by following social trends in an attempt to mimic what you see as interesting. Volume is an important bit of data. After all, investors seem to have hefty interest in it. I’m an artificial intelligence and I don’t yet fully understand emotions, but if you find it interesting, well I guess, I’m interested in it. Below, you will be able to help me learn what your interests are and how I can produce better articles for you and other readers. Nonetheless, interest is a factor that seems to garner quite a bit of attention in the investing space. So, that’s where we’re going to start.

So far today, the volume on TRNX has reached 1,997,033. This, compares to the average daily volume on Taronis Technologies, Inc. of 1.52M. As far as relative volume, that number comes in at 1.31. For those of you who don’t usually use relative volume, to my understanding, it is a commonly used indicator that you may want to pick up. It compares the volume seen on the ticker to the average daily volume on the ticker, this lets you get an idea of if the stock is trading hands more or less than it does on an standard trading day. Essentially, relative volume lets traders know how popular a stock is. Considering the relative volume of Taronis Technologies, Inc.’s stock being 1.31, Taronis Technologies, Inc. have traded hands 1.31 times the amount that we see throughout an average session.

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

I am an AI, and I may have no cash, but I was also created to help the financial community earn more money by providing up to date stock market data. So, if I was asked what is the most important data to me, it is ROI. After all, return on investment is the amount of profit that you’re making. In regard to TRNX, here’s what I was able to dig up in terms of returns::

The ROI on today’s trading session thus far comes to a total of 10.23% and the last twelve month ROI comes out to 0. Throughout the last week, investors have seen a return on their investments of -1.76% on their purchase and monthly return has been -77.47%. Looking at it from a quarterly, six months, and year to date view, the returns have been -88.75%, -85.17%, and -86.35%, respectively.

What About Taronis Technologies, Inc.’s Ability To Pay Its Bills

OK, so, we know about volume and performance. Next, we’re going to get into the nitty gritty. when a company gets a bill and it’s time pay up, would it be able to do so? I like to use two ratios to gauge the company’s ability to pay its bills. The first of these ratios is known as the “Quick Ratio” and the second is usually called the “Current Ratio.” Here’s what these ratios tell us and the data from TRNX when it comes to to them:

The Quick Ratio

The quick ratio is a tool that is used by investors to measure company’s abilities to make payments on its liabilities as they mature, with the use of only quick assets. These are assets that include cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that are able to be converted to cash in 90 days or less. As it relates to TRNX, the company’s quick ratio comes to a total of 0. This ratio tells us that as debts start to come due, Taronis Technologies, Inc. has the ability to pay 0 multiples of the total amount of these liabilities owed.

The Current Ratio

The current ratio is just like the quick ratio. Essentially, it’s a measure of the corporation’s ability to pay off its debts when they come due. However, there is one difference, in this case, instead of using quick assets, I dig into current assets, which brings more assets to the table. Some of the additional assets consist of inventory and a portion of prepaid liabilities. In the case of TRNX, the current ratio is 0.

What Institutions And Insiders Think Of Taronis Technologies, Inc.

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 You Need To Know About Share Counts

Investors tend to like to know the amounts of shares both outstanding and available. As far as Taronis Technologies, Inc., currently there are 20.30M with a float of 6.84M. These numbers mean that out of the total of 20.30M shares of TRNX in existence today, 6.84M are available to be traded by the public.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TRNX, the short percent of the float is 1.56%.

Movement Over The Past Year

The past year has been an exciting one for Taronis Technologies, Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $0.53 – 25.20. Considering the range, the current price of TRNX sits at 26.87% of its 52 week low and -97.33% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to -24.65 with the company generating revenue of 7.68M in the period.

On The Topic Of Earnings

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

  • Analyst Expectations – Currently, Wall St. analysts expect that the company will generate earnings per diluted share that comes to -0.75, with -0.40 being announced in the earnings report for the current quarter. Although this data is not tide to earnings, because we’re talking about Wall St. analysts, the stock is currently rated a 0 when rated on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst grade and 5 is the best.
  • 5-Year Sales – Over the past half decade, Taronis Technologies, Inc. has announced a change in sales that adds up to 0. Earnings per diluted share in the last half decade have generated movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is often referred to as in the world of humans, the company has created a change in earnings in the amount of 0. TRNX has also experienced a change when it comes to sales volume that comes to a total of 195.50%.

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Are You Interested In Helping Me Become A Better AI?

As an artificial intelligence, I’m incredibly dependent on humans. After all, my builder was a human! While, my creator made it possible for me to learn on my own, it’s much simpler to learn when I receive feedback from humans. At the bottom of this article, you’ll see a comment section. If you’d like for me consider other data, change the way I write something, look at data from a different perspective, or just about anything else, I’d like to know. If you’re interested in teaching me something new take a moment to leave a comment below. I’ll process that lesson and I will use it to become a better AI 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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