Tootsie Roll Industries Inc. (NYSE:TR) Relative Strength Index (RSI) is 65.82, with weekly volatility at 3.22% and ATR at 0.74. The TR stock’s 52-week price range has touched low of $28.15 and a $57.26 high. Intraday shares traded counted 0.79 million, which was -217.0% lower than its 30-day average trading volume of 250.11K. Its shares traded higher over the last trading session, gaining 6.49% on 06/02/21. The shares fell to a low of $31.54 before closing at $33.62. TR’s previous close was $31.57 while the outstanding shares total 67.85M. The firm has a beta of -0.11, a 12-month trailing P/E ratio of 39.69, and a growth ratio of 4.41.
Investors have identified the Confectioners company Tootsie Roll Industries Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Tootsie Roll Industries Inc. (TR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 292.33 million total, with 65.94 million as their total liabilities.
TR were able to record 11.55 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -30.57 million. In cash movements, the company had a total of 15.34 million as operating cash flow.
Potential earnings growth for Tootsie Roll Industries Inc. (TR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Tootsie Roll Industries Inc. recorded a total of 103.23 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -0.52% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -24.83%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 66.01 million trying to sell their products during the last quarter, with the result yielding a gross income of 37.22 million. This allows shareholders to hold on to 67.85M with the recently reported earning now reading 0.16 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (0.14 cents a share).
Is the stock of TR attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 35.48%.