Therma Bright Inc stock sees significant volume but experiences a sharp decline.
This week, Therma Bright Inc (THRM.V) has faced notable price pressure, with shares dropping 11.11% on both the day and week. The stock is currently trading at C$0.04, marking a substantial decrease from its earlier highs this year.
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Therma Bright Inc
THRM.V
THRM.V
Therma Bright Inc
WealthAwesomeMarket cap
$2.45M
52W high
$0.11
52W low
$0.04
1W change
-11.11%
Beta
1.11
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on THRM's historical volatility
30-Day Vol
136.4%
Annualized
90-Day Vol
102.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$0.03
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$0.04 | C$0.02 – C$0.06 |
| 60 trading days | C$0.04 | C$0.02 – C$0.07 |
| 90 trading days | C$0.03 | C$0.01 – C$0.08 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should be cautious as Therma Bright Inc experiences significant volatility and a sharp decline in stock price, coupled with unusual trading volume.
Stock Performance: A 27.27% Decline Year-to-Date
Therma Bright Inc has faced ongoing challenges, reflected in its year-to-date performance, which shows a decline of over 27%.
Bull case
The health care sector continues to attract interest, and any future developments or product announcements could bring attention back to Therma Bright Inc.
Bear case
Given the significant drop in stock price and negative fundamentals, including a high negative return on equity, investors may want to proceed with caution.
Recent Price Action
Therma Bright Inc has seen a significant drop in its stock price this week, closing at C$0.04, down 11.11% from the previous day and week. This decline reflects a continuous downtrend that has been observed over the past month, with a total decrease of 20.00%. Year-to-date, the stock has decreased by 27.27%, indicating a challenging environment for the company.
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Volume Analysis
The trading volume for Therma Bright Inc has surged this week, with the latest volume reaching 96,195 shares, which is 2.67 times the 20-day average volume of 36,030 shares. This spike in volume could indicate heightened investor interest or concern, contributing to the stock's volatility.
Technical Picture
Therma Bright Inc's current stock price is below both its 50-day moving average (C$0.05) and its 200-day moving average (C$0.06), reflecting a bearish trend. The stock has a 52-week range of C$0.04 to C$0.11, currently sitting at the lower end of this range. The beta of 1.11 suggests that the stock is slightly more volatile than the broader market.
Company Fundamentals
Therma Bright Inc has a market capitalization of approximately C$2.45 million. The company currently reports a profit margin of 0.0% and a staggering negative return on equity of -65911.1%. The earnings per share (EPS) over the trailing twelve months stands at -0.07, highlighting ongoing financial challenges.
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