TRxADE Health, Inc. Announces Name Change to Scienture Holdings, Inc.
MEDSDelisted Stock | USD 7.46 0.56 8.12% |
Slightly above 55% of Trxade's private investors are presently thinking to get in. The analysis of current outlook of investing in Trxade Group suggests that some traders are interested regarding Trxade's prospects. Trxade's investing sentiment can be driven by a variety of factors including economic data, Trxade's earnings reports, geopolitical events, and overall market trends.
Trxade |
TAMPA, FL and COMMACK, NY, Sept. 20, 2024 -- TRxADE Health, Inc. and Scienture, LLC , a wholly owned subsidiary of TRxADE, today announced that it is changing its name to Scienture Holdings, Inc. , effective Monday, September 23, 2024. Scienture Holdings stock will begin trading under the new ticker symbol NASDAQSCNX on September 23, 2024. About TRxADE TRxADE HEALTH, INC. historically focused on health services IT ass
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Trxade Fundamental Analysis
We analyze Trxade's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Trxade using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Trxade based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Shares Owned By Insiders
Shares Owned By Insiders Comparative Analysis
Trxade is currently under evaluation in shares owned by insiders category among its peers. Shares Owned by Insiders show the percentage of outstanding shares owned by insiders (such as principal officers or members of the board of directors) or private individuals and entities with over 5% of the total shares outstanding. Company executives or private individuals with access to insider information share information about a firm's operations that is not available to the general public.
Trxade Group Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Trxade stock to make a market-neutral strategy. Peer analysis of Trxade could also be used in its relative valuation, which is a method of valuing Trxade by comparing valuation metrics with similar companies.
Peers
Trxade Related Equities
LFLY | Leafly Holdings | 2.61 |
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SSY | SunLink Health | 13.73 |
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Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Other Consideration for investing in Trxade Stock
If you are still planning to invest in Trxade Group check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Trxade's history and understand the potential risks before investing.
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