Last Updated: 09 Nov 2024
Executive Summary
Tungray Technologies Inc. (TRSG) is a provider of customized industrial manufacturing solutions. The company's recent financial performance has been mixed, with revenue growth but a decline in earnings. The stock is currently trading at $2.30, below its 52-week high of $11.78. Based on fundamental and technical analysis, the stock may be undervalued and could provide a potential opportunity for investors.
Company Overview
Tungray Technologies provides customized industrial manufacturing solutions to original equipment manufacturers in the semiconductor, printer, electronics, and home appliance industries. The company has a global presence, with operations in Singapore, Malaysia, and China.
Fundamental Analysis
Revenue: TRSG reported revenue of $14.36 million for the trailing twelve months (TTM), a 0.147% increase year-over-year.
Earnings: Diluted EPS for the TTM was $0.07, a 0.476% decrease year-over-year.
Profitability: The company's profit margin is 0.0637, and its operating margin is 0.111.
Valuation: TRSG is currently trading at a trailing PE ratio of 38.04, which is higher than the industry average. However, the stock's price-to-sales ratio of 3.032 is below the industry average.
Technical Analysis
Trend: TRSG has been in a downtrend since its peak in September 2022.
Moving Averages: The stock is currently trading below its 50-day and 200-day moving averages.
Support and Resistance: The stock has support at $2.063 and resistance at $2.947.
Short Term Outlook
In the short term, TRSG may face challenges due to the current economic environment and competition in the industry. The stock could potentially test its support level at $2.063. However, if the company reports positive earnings or other positive news, the stock could rebound.
Long Term Outlook
In the long term, TRSG has the potential to benefit from the growth of the industrial manufacturing industry. The company's focus on providing customized solutions could provide a competitive advantage. However, the stock's valuation is currently high, and investors should be aware of the risks involved.
Analyst Recommendations
Based on the available information, analysts do not currently have a consensus recommendation on TRSG. Investors should conduct their own due diligence before making any investment decisions.
