Is It Time For Me To Buy Tian Ruixiang Holdings Ltd (NASDAQ: TIRX) Stock Now?

The trading price of Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) floating lower at last check on Tuesday, April 23, closing at $0.51, -25.36% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $7.88 and a 52-week low of $0.40. Over the past month, the stock has gained 1.48% in value.

Tian Ruixiang Holdings Ltd, whose market valuation is $1.68 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tian Ruixiang Holdings Ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TIRX has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that TIRX’s price is currently 1.59% off the SMA20 and -4.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.31, and weekly volatility stands at 34.79%. When measured over the past 30 days, the indicator reaches 16.14%. Tian Ruixiang Holdings Ltd (NASDAQ:TIRX)’s beta value is currently sitting at 0.65, while the Average True Range indicator is currently displaying 0.13.

To see how Tian Ruixiang Holdings Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: TIRX stock’s performance was -25.36% at last check in today’s session, and -55.60% in the past year.

An evaluation of the daily trading volume of Tian Ruixiang Holdings Ltd (NASDAQ:TIRX) indicates that the 3-month average is 1.39 million.

Currently, records show that 3.27 million of the company’s shares remain outstanding. The insiders hold 21.94% of outstanding shares, whereas institutions hold 0.85%. However, since the stock’s price has seen -25.36% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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