Tron (TRON)
Market Price (10/12/2026): $1.25 | Market Cap: $587.8 MilSector: Consumer Discretionary | Industry: Leisure Facilities
Tron (TRON)
Market Price (10/12/2026): $1.25Market Cap: $587.8 MilSector: Consumer DiscretionaryIndustry: Leisure Facilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Fintech & Digital Payments. Themes include Blockchain Enterprise Solutions, and Digital Payments. | Weak multi-year price returns2Y Excs Rtn is -116%, 3Y Excs Rtn is -164% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.67 | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45% Expensive valuation multiplesP/SPrice/Sales ratio is 116x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 64x, P/EPrice/Earnings or Price/(Net Income) is 86x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -44% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% Key risksTRON key risks include [1] regulatory scrutiny highlighted by SEC charges against its founder, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% |
| Megatrend and thematic driversMegatrends include Crypto & Blockchain, and Fintech & Digital Payments. Themes include Blockchain Enterprise Solutions, and Digital Payments. |
| Weak multi-year price returns2Y Excs Rtn is -116%, 3Y Excs Rtn is -164% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 12.67 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -2.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -45% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 116x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 64x, P/EPrice/Earnings or Price/(Net Income) is 86x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -44%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -44% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% |
| Key risksTRON key risks include [1] regulatory scrutiny highlighted by SEC charges against its founder, Show more. |
Qualitative Assessment
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Tron (TRON) stock has lost about 20% since 6/30/2026 because of the following key factors:
1. Reliance on Digital Asset Treasury for Profitability Amidst Volatility.
Tron Inc. (whose fiscal year ends December 31) recorded an operating loss of approximately $1.13 million in its toy and souvenir segment during fiscal Q2 2026 (ending June 30, 2026). The company's overall profitability in the first half of fiscal 2026 was primarily driven by digital asset activity, including unrealized gains and staking income from its TRX token treasury, totaling $27.8 million in other income. This heavy reliance on the volatile cryptocurrency market for profitability likely made the stock susceptible to downturns or shifts in investor sentiment regarding digital asset valuations, contributing to the approximate 20% stock loss since June 30, 2026, even if the underlying TRX token price did not experience an equivalent decline.
2. Moderation in TRON Blockchain Network Activity and Developer Growth.
While the TRON blockchain network demonstrated strong growth in stablecoin settlement volumes and Total Value Locked (TVL) during fiscal Q3 2026, several key metrics for network activity and developer engagement showed moderation or decline. Network fee generation decreased 4% from fiscal Q2 2026, totaling $701.4 million in Q3 2026. Furthermore, the average core-developer metric for the TRON ecosystem declined 20% in fiscal Q3 2026, and deployed smart contracts fell 11% compared to the prior quarter. These underlying slowdowns in key operational and developmental aspects of the TRON blockchain, on which Tron Inc. bases its treasury strategy, likely dampened investor confidence in the company's long-term prospects.
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Tron (TRON) stock has lost about 20% since 6/30/2026 because of the following key factors:
1. Reliance on Digital Asset Treasury for Profitability Amidst Volatility.
Tron Inc. (whose fiscal year ends December 31) recorded an operating loss of approximately $1.13 million in its toy and souvenir segment during fiscal Q2 2026 (ending June 30, 2026). The company's overall profitability in the first half of fiscal 2026 was primarily driven by digital asset activity, including unrealized gains and staking income from its TRX token treasury, totaling $27.8 million in other income. This heavy reliance on the volatile cryptocurrency market for profitability likely made the stock susceptible to downturns or shifts in investor sentiment regarding digital asset valuations, contributing to the approximate 20% stock loss since June 30, 2026, even if the underlying TRX token price did not experience an equivalent decline.
2. Moderation in TRON Blockchain Network Activity and Developer Growth.
While the TRON blockchain network demonstrated strong growth in stablecoin settlement volumes and Total Value Locked (TVL) during fiscal Q3 2026, several key metrics for network activity and developer engagement showed moderation or decline. Network fee generation decreased 4% from fiscal Q2 2026, totaling $701.4 million in Q3 2026. Furthermore, the average core-developer metric for the TRON ecosystem declined 20% in fiscal Q3 2026, and deployed smart contracts fell 11% compared to the prior quarter. These underlying slowdowns in key operational and developmental aspects of the TRON blockchain, on which Tron Inc. bases its treasury strategy, likely dampened investor confidence in the company's long-term prospects.
3. Delay in Key Technological Upgrade.
Tron's plan to roll out quantum-resistant signatures on its mainnet in fiscal Q3 2026 experienced a delay. While the post-quantum signatures went live on the Nile testnet, the migration to the mainnet is still pending governance approval and further security testing as of October 2026. This deferral of a significant technological advancement, originally scheduled for the period, could have negatively impacted investor sentiment for Tron Inc., which positions itself as an innovation leader in the blockchain space.
4. Broader Cryptocurrency Market Uncertainty.
The broader cryptocurrency market experienced a mixed and uncertain outlook throughout 2026. Despite a rebound in major cryptocurrencies like Bitcoin from under $60,000 in July to over $80,000 by October, some analysts characterized 2026 as a "consolidation year" or a potential "bear phase" for Bitcoin in the second half of the year. There was also a perceived "inflection point" where investor interest was shifting from established cryptocurrencies to DeFi protocols and infrastructure-focused public equities. This macroeconomic environment of mixed signals and evolving investor preferences within the crypto sector could have contributed to the selling pressure on Tron Inc.'s stock, given its significant exposure to digital assets.
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Stock Movement Drivers
Fundamental Drivers
The -22.0% change in TRON stock from 6/30/2026 to 10/11/2026 was primarily driven by a -41.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 6302026 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.61 | 1.25 | -22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 5 | 4.7% |
| Net Income Margin (%) | 113.0% | 135.6% | 20.0% |
| P/E Multiple | 80.9 | 86.0 | 6.2% |
| Shares Outstanding (Mil) | 275 | 470 | -41.6% |
| Cumulative Contribution | -22.0% |
Market Drivers
6/30/2026 to 10/11/2026| Return | Correlation | |
|---|---|---|
| TRON | -22.0% | |
| Market (SPY) | 4.3% | 19.0% |
| Sector (XLY) | -3.8% | 12.9% |
Fundamental Drivers
The -44.7% change in TRON stock from 3/31/2026 to 10/11/2026 was primarily driven by a -44.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 3312026 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.27 | 1.25 | -44.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 5 | 6.8% |
| P/S Multiple | 125.1 | 116.6 | -6.8% |
| Shares Outstanding (Mil) | 261 | 470 | -44.4% |
| Cumulative Contribution | -44.7% |
Market Drivers
3/31/2026 to 10/11/2026| Return | Correlation | |
|---|---|---|
| TRON | -44.7% | |
| Market (SPY) | 20.0% | 13.2% |
| Sector (XLY) | 3.8% | 8.2% |
Fundamental Drivers
The -35.0% change in TRON stock from 9/30/2025 to 10/11/2026 was primarily driven by a -95.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 10112026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.93 | 1.25 | -35.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4 | 5 | 19.7% |
| P/S Multiple | 9.8 | 116.6 | 1084.4% |
| Shares Outstanding (Mil) | 22 | 470 | -95.4% |
| Cumulative Contribution | -35.0% |
Market Drivers
9/30/2025 to 10/11/2026| Return | Correlation | |
|---|---|---|
| TRON | -35.0% | |
| Market (SPY) | 17.8% | 27.4% |
| Sector (XLY) | -5.3% | 22.1% |
Fundamental Drivers
nullnull
Market Drivers
9/30/2023 to 10/11/2026| Return | Correlation | |
|---|---|---|
| TRON | ||
| Market (SPY) | 88.4% | 25.8% |
| Sector (XLY) | 43.4% | 21.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TRON Return | - | - | - | - | -81% | 0% | -81% |
| Peers Return | 29% | -17% | 17% | 24% | -14% | -6% | 26% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| TRON Win Rate | - | - | - | - | 33% | 50% | |
| Peers Win Rate | 50% | 42% | 52% | 55% | 43% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TRON Max Drawdown | - | - | - | - | - | -54% | |
| Peers Max Drawdown | -26% | -43% | -39% | -21% | -41% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FUN, LTH, PLNT, OSW, PRKS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/9/2026 (YTD)
How Low Can It Go
TRON has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.2% | -7.8% |
| % Gain to Breakeven | 12.6% | 8.5% |
| Time to Breakeven | 37 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.6% | -9.5% |
| % Gain to Breakeven | 15.8% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.6% | -19.2% |
| % Gain to Breakeven | 24.4% | 23.8% |
| Time to Breakeven | 98 days | 105 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
TRON has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.
| Event | XLY | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.8% | -18.8% |
| % Gain to Breakeven | 27.9% | 23.1% |
| Time to Breakeven | 105 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -35.9% | -24.5% |
| % Gain to Breakeven | 56.0% | 32.4% |
| Time to Breakeven | 874 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -33.9% | -33.7% |
| % Gain to Breakeven | 51.3% | 50.9% |
| Time to Breakeven | 82 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -51.0% | -53.4% |
| % Gain to Breakeven | 104.3% | 114.4% |
| Time to Breakeven | 372 days | 1085 days |
In The Past
State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Tron (TRON)
Tron, operating under the name SRM, is a specialized designer, developer, and supplier of licensed toys and souvenirs for the entertainment and amusement park industry. With over 30 years of experience, the company creates whimsical, fun, and unique products that enable fans to express their affinity for various pop culture content, including movies, TV shows, and characters. SRM's business model thrives on fan loyalty, positioning itself at the intersection of content providers, retailers, and consumers by consistently delivering distinct, stylized merchandise.
The company's diverse product portfolio spans categories such as figures, plush, accessories, apparel, and homewares. SRM holds licensing relationships with established content providers like Smurfs and Zoonicorn LLC, and also produces items based on classic franchises such as Harry Potter and Star Wars. These products are generally priced between $2.50 and $50.00, making them accessible for a broad consumer base to make frequent and impulsive purchases, thus fostering deeper fan engagement. SRM employs a nimble, low-fixed-cost production model, allowing it to respond dynamically to both current pop culture trends and timeless content.
Tron's primary market comprises the world's largest theme parks and entertainment venues, including Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, and Merlin Entertainment. These retail customers value SRM's customized product mixes and its ability to attract consumers with exclusive pop culture merchandise. Ultimately, SRM serves a wide array of consumers across all demographics—men, women, boys, and girls—who are looking for distinctive ways to engage with and express their passion for their favorite pop culture content, often evolving from occasional buyers into dedicated enthusiasts and collectors.
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Imagine a specialized Funko, but one that primarily designs and supplies exclusive licensed toys and souvenirs directly to major theme parks and entertainment venues.
They're like the silent partners behind the gift shops at major amusement parks, creating all the unique, licensed pop culture merchandise you can only buy there.
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Based on the provided description of SRM, the company sells primarily to other companies, specifically major theme parks, entertainment venues, and retailers. These entities then sell SRM's products to individual consumers.
The major customer companies identified are:
- Walt Disney Parks and Resorts (part of The Walt Disney Company, Symbol: DIS)
- Universal Studios (part of Comcast Corporation, Symbol: CMCSA)
- SeaWorld (Symbol: SEAS)
- Six Flags (Symbol: SIX)
- Great Wolf Lodge (Private company)
- Dollywood (Private company)
- Merlin Entertainment (Private company)
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The key risks for Tron (symbol: TRON) are primarily centered around its reliance on licensing agreements, its specialized retail channels, and the dynamic nature of consumer preferences in the pop culture merchandise market.
- Dependence on Licensing Relationships and Pop Culture Trends: Tron's business model is built upon creating products based on intellectual property (IP) from various content providers. The company's success is directly tied to its ability to secure and maintain licensing agreements for popular movies, TV shows, celebrities, and other cultural phenomena. A significant risk lies in the potential for a decline in the popularity of licensed content, the inability to acquire new and trending licenses, or adverse changes in existing licensing terms. Such events could severely impact product relevance and revenue streams. The company explicitly states that content providers value them for their network of retail customers and that they balance current content releases with timeless classics like Harry Potter or Star Wars.
- Reliance on Specialized Retail Channels: Tron primarily sells its merchandise into "the world’s largest theme parks and entertainment venues," including Walt Disney Parks and Resorts, Universal Studios, SeaWorld, Six Flags, Great Wolf Lodge, Dollywood, and Merlin Entertainment. This concentrated distribution strategy means the company is susceptible to risks associated with these specific retail channels. Economic downturns affecting the tourism and entertainment industries, shifts in purchasing strategies by these major venues, or reduced consumer attendance at such locations could directly and negatively impact Tron's sales volume and profitability.
- Competition and Shifting Consumer Preferences: The market for pop culture merchandise is highly competitive and driven by rapidly evolving consumer tastes. Tron must continuously innovate and create "whimsical, fun and unique products" that resonate with a broad array of fans across various demographic groups. A failure to anticipate or adapt to changing consumer preferences, or intense competition from other merchandise designers and manufacturers, could lead to decreased demand for its products, loss of market share, and reduced sales. The company emphasizes its continuous introduction of innovative products to facilitate fan engagement.
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The rise of digital collectibles and non-fungible tokens (NFTs) presents a clear emerging threat to SRM's business model. SRM specializes in creating physical toys and souvenirs that allow fans to express their affinity for pop culture content and collect unique, stylized products. Digital collectibles, like NFTs, offer an alternative, new medium for fans to express their fandom, own unique intellectual property extensions, and engage with content in virtual spaces. This technological shift could divert consumer interest and spending from physical merchandise to digital assets, analogous to how Netflix provided a new way to consume entertainment, threatening Blockbuster's physical rental model, or how the iPhone created a new paradigm for mobile interaction beyond traditional devices like BlackBerry.
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The addressable markets for Tron (SRM), a designer and developer of licensed toys and souvenirs for theme parks and entertainment venues, include the global licensed merchandise market, the global attraction souvenir retail market, and the global pop culture market for merchandise and collectibles.
The global licensed merchandise market was estimated at USD 361.55 billion in 2025 and is projected to grow to USD 676.37 billion by 2034, expanding at a Compound Annual Growth Rate (CAGR) of 7.21% from 2026 to 2034. North America held a significant share, accounting for 58.7% of the global licensed merchandise market revenue in 2025. Apparel represents a leading segment within licensed merchandise.
The global attraction souvenir retail market was valued at USD 24.6 billion in 2025 and is projected to expand to USD 42.3 billion by 2034, with a CAGR of 6.2% from 2026 to 2034. This market specifically includes merchandise sold at tourist destinations, theme parks, and entertainment venues. Theme parks and entertainment resorts contributed approximately 41.2% of the total attraction souvenir retail revenue in 2025. North America led this market, generating USD 8.1 billion in revenue in 2025, which was 32.9% of the global share.
The global pop culture market, which includes merchandise and collectibles, was valued at USD 245 billion in 2025. It is expected to grow to USD 490 billion by 2033, registering a CAGR of 9.1% during the forecast period from 2026 to 2033. This market monetizes cultural influence through various channels, with merchandise and collectibles being a strong revenue driver by leveraging fan loyalty.
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Expected Drivers of Future Revenue Growth for SRM (described company in background)
Based on the provided company description for SRM, the following are expected drivers of future revenue growth over the next 2-3 years:
- Expansion of Licensed Intellectual Properties: SRM's business model is deeply rooted in pop culture and fan loyalty, relying on licensing relationships with content providers. Securing new licenses for popular movies, TV shows, and characters, beyond current agreements with entities like Smurfs and Zoonicorn LLC, will enable the creation of new product lines and tap into wider fan bases, directly contributing to revenue growth.
- Deepening Penetration within Existing Entertainment Venues: The company's products are sold into major theme parks and entertainment venues such as Walt Disney Parks and Resorts, Universal Studios, and SeaWorld. The description indicates that these venues are "continuing to dedicate space" to SRM's products and the pop culture category. Increased dedicated retail space, enhanced product placement, and potentially higher visitor traffic to these established customer bases will drive greater sales volume within existing channels.
- Continuous Introduction of New and Innovative Products and Designs: SRM emphasizes its ability to "introduce innovative products designed to facilitate fan engagement" and its practice of regularly refreshing products to create a "treasure hunt" experience for consumers. Ongoing product development across various categories (figures, plush, accessories, apparel, homewares) with distinct designs ensures offerings remain fresh, align with current pop culture trends, and encourage repeat purchases, thus sustaining and growing revenue.
- Capitalizing on the Broadening and Deepening of Pop Culture Fandom: The company explicitly states that "the evolution of pop culture is leading to increasing opportunities for fan loyalty" and that "Pop culture pervades modern life." As more quality content becomes accessible and fan engagement intensifies across diverse demographics, the overall market for products that allow fans to express their affinity grows. SRM is strategically positioned to benefit from this expanding market trend, driving demand for its specialized products.
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Peer Outperformance in Leisure Facilities
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services | 14 | -16.2% | 87.5% | 87.8% | CVSA 268% · LINC 246% · PRDO 235% |
| Homebuilding | 18 | -4.0% | 34.3% | 47.5% | GRBK 194% · TOL 146% · PHM 145% |
| Specialty Stores | 7 | 12.8% | 39.1% | 19.3% | ASO 41% · SIG 38% · DKS 34% |
| Hotels, Resorts & Cruise Lines | 21 | 11.5% | 34.6% | 10.0% | RCL 229% · MAR 142% · LIND 134% |
| Home Improvement Retail | 5 | -20.4% | 0.3% | -2.3% | HVT 15% · HD -2% · LOW -2% |
| Automotive Retail | 18 | -12.6% | 5.5% | -10.0% | MUSA 235% · PAG 117% · ORLY 113% |
| Footwear | 9 | 71.9% | 48.9% | -11.6% | WEYS 204% · DECK 47% · SHOO 19% |
| Restaurants | 36 | -8.2% | -7.8% | -16.3% | EAT 290% · CAKE 168% · BH 116% |
| Specialized Consumer Services | 10 | -13.6% | 12.8% | -16.5% | HRB 108% · FTDR 89% · SCI 36% |
| Distributors | 4 | -9.7% | -28.3% | -17.5% | ARMK 118% · GPC 17% · LKQ -52% |
| Home Furnishings | 4 | -2.1% | 28.1% | -17.8% | SGI 47% · LZB -1% · MHK -35% |
| Apparel Retail | 25 | 8.8% | 16.6% | -36.7% | ANF 268% · URBN 176% · TJX 137% |
| Automotive Parts & Equipment | 38 | -5.3% | -13.7% | -39.4% | MOD 1403% · GTX 269% · MLR 72% |
| Computer & Electronics Retail | 3 | 14.0% | 43.1% | -39.6% | BBY 1% · GME -40% · UPBD -61% |
| Household Appliances | 18 | 7.6% | -3.0% | -40.0% | FLXS 209% · HBB 168% · KEQU 155% |
| Leisure Facilities ← | 12 | 7.3% | -7.5% | -42.2% | JAKK 159% · LTH 135% · OSW 124% |
| Leisure Products | 13 | -20.4% | -21.2% | -42.3% | GOLF 80% · HAS 30% · MAT -12% |
| Broadline Retail | 14 | -1.6% | 18.5% | -47.2% | EBAY 64% · AMZN 62% · OLLI 40% |
| Casinos & Gaming | 20 | -9.5% | -24.2% | -49.4% | MCRI 91% · RRR 11% · BYD 8% |
| Apparel, Accessories & Luxury Goods | 29 | 4.1% | 14.7% | -51.2% | RL 256% · TPR 244% · ELA 193% |
| Consumer Electronics | 11 | -23.5% | -22.7% | -74.1% | AXIL 2620% · GRMN 93% · SONO -45% |
| Other Specialty Retail | 17 | -29.0% | -39.2% | -77.8% | TLF 99% · BBW 93% · WINA 66% |
| Automobile Manufacturers | 8 | -73.1% | -54.7% | -78.6% | GM 46% · TSLA 42% · F 6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 28.79 |
| Mkt Cap | 2.0 |
| Rev LTM | 1,528 |
| Op Inc LTM | 300 |
| FCF LTM | 114 |
| FCF 3Y Avg | 55 |
| CFO LTM | 422 |
| CFO 3Y Avg | 382 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.3% |
| Rev Chg 3Y Avg | 11.6% |
| Rev Chg Q | 7.8% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 29.4% |
| Op Inc Chg 3Y Avg | 17.6% |
| Op Mgn LTM | 13.4% |
| Op Mgn 3Y Avg | 12.5% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 20.1% |
| CFO/Rev 3Y Avg | 19.9% |
| FCF/Rev LTM | 6.3% |
| FCF/Rev 3Y Avg | 5.0% |
Price Behavior
| Market Price | $1.25 | |
| Market Cap ($ Bil) | 0.6 | |
| First Trading Date | 08/15/2023 | |
| Distance from 52W High | -69.6% | |
| 50 Days | 200 Days | |
| DMA Price | $1.56 | $4.18 |
| DMA Trend | down | down |
| Distance from DMA | -19.6% | -70.0% |
| 3M | 1YR | |
| Volatility | 80.8% | 96.6% |
| Downside Capture | 295.82 | 310.35 |
| Upside Capture | 188.02 | 131.08 |
| Correlation (SPY) | 18.0% | 28.9% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.97 | 1.72 | 1.49 | 1.00 | 2.31 | 0.25 |
| Up Beta | 4.41 | -1.89 | -0.75 | -0.87 | 1.17 | 0.21 |
| Down Beta | 5.63 | -2.92 | 0.36 | 0.93 | 2.92 | 0.53 |
| Up Capture | -36% | 377% | 233% | 88% | 325% | 41% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 8 | 19 | 30 | 52 | 107 | 123 |
| Down Capture | 487% | 334% | 266% | 224% | 172% | 110% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 19 | 30 | 68 | 135 | 174 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRON | |
|---|---|---|---|---|
| TRON | -65.9% | 99.9% | -0.63 | - |
| Sector ETF (XLY) | -4.0% | 19.4% | -0.34 | 25.2% |
| Equity (SPY) | 16.7% | 13.0% | 0.91 | 28.7% |
| Gold (GLD) | 3.3% | 29.5% | 0.11 | 15.9% |
| Commodities (DBC) | 45.0% | 20.9% | 1.67 | 4.5% |
| Real Estate (VNQ) | 4.8% | 13.8% | 0.09 | 14.4% |
| Bitcoin (BTCUSD) | -33.2% | 44.2% | -0.79 | 47.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRON | |
|---|---|---|---|---|
| TRON | -28.0% | 123.2% | -0.53 | - |
| Sector ETF (XLY) | 5.4% | 24.1% | 0.18 | 21.2% |
| Equity (SPY) | 13.9% | 17.1% | 0.62 | 25.8% |
| Gold (GLD) | 18.5% | 18.9% | 0.79 | 10.0% |
| Commodities (DBC) | 10.0% | 19.5% | 0.39 | 3.2% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 8.3% |
| Bitcoin (BTCUSD) | 11.4% | 52.0% | 0.39 | 39.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TRON | |
|---|---|---|---|---|
| TRON | -15.1% | 123.2% | -0.53 | - |
| Sector ETF (XLY) | 12.1% | 22.2% | 0.50 | 21.2% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 25.8% |
| Gold (GLD) | 11.8% | 16.4% | 0.59 | 10.0% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 3.2% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 8.3% |
| Bitcoin (BTCUSD) | 63.5% | 66.2% | 1.03 | 39.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/25/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 10/03/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | S-1 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/11/2026 | 10-Q |
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/25/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/13/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 04/01/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 10/03/2023 | 10-Q |
| 03/31/2023 | 05/26/2023 | S-1 |
Insider Activity
Updated 4/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Melton, Christopher | Direct | Sell | 8282025 | 5.06 | 15,000 | 75,900 | 160,999 | Form | |
| 2 | McKinnon, Douglas O | Chief Financial Officer | Direct | Sell | 7032025 | 7.39 | 122,000 | 901,380 | 2,337,589 | Form |
| 3 | McDaniel-Hand, Deborah Lynn | VP of Production Development | Direct | Sell | 6252025 | 9.41 | 100,000 | 941,000 | 941,000 | Form |
| 4 | Miller, Richard A | Chief Executive Officer | Direct | Sell | 6242025 | 11.19 | 100,000 | 1,119,260 | 6,715,560 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Melton, Christopher | Direct | Sell | 8282025 | 5.06 | 15,000 | 75,900 | 160,999 | Form | |
| 2 | McKinnon, Douglas O | Chief Financial Officer | Direct | Sell | 7032025 | 7.39 | 122,000 | 901,380 | 2,337,589 | Form |
| 3 | McDaniel-Hand, Deborah Lynn | VP of Production Development | Direct | Sell | 6252025 | 9.41 | 100,000 | 941,000 | 941,000 | Form |
| 4 | Miller, Richard A | Chief Executive Officer | Direct | Sell | 6242025 | 11.19 | 100,000 | 1,119,260 | 6,715,560 | Form |
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Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Leisure Facilities Resources |
| Blooloop |
| Attractions Management |
| IAAPA |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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