Insiders bought US$190,000 worth of products TUT Fitness Group Co., Ltd. (CVE:GYM) stock had an average purchase price of US$0.045 over the last year, but the recent 33% share price decline may be disappointing. Insiders buy investments with the expectation that the value will increase over a period of time. However, due to recent losses, the above investment value has reached USD 42,700, which is not ideal.
While we never say investors should base their decisions solely on the actions of a company’s directors, we believe it would be foolish to ignore insider trading entirely.
Check out our latest analysis for TUT Fitness Group.
Insider transactions in the last 12 months at TUT Fitness Group
CEO and Director Robert Smith has made the biggest insider purchase in the last 12 months. In this one trade of his, he bought and sold CAD 140,000 worth of shares at a price of CAD 0.045 per share. This means that the insider wanted to buy the stock even if the share price was higher than his CA$0.01 (recent price). Their views may have changed after the acquisition, but this at least suggests they were confident in the company’s future. We always pay attention to the prices insiders pay when buying stocks. Generally, we draw attention when insiders buy shares at a higher price than the current price. This is because it suggests that they believed the stock was worth buying, even at a high price.
TUT Fitness Group insiders bought shares over the last year, but did not sell them. The graph below shows insider transactions (by companies and individuals) over the last year. You can click on the graph below to see the exact details of each insider transaction.
There are plenty of other companies where insiders are buying up shares.I think that’s probably the case. do not have I want to miss this free A list of growing companies that insiders are buying.
Does TUT Fitness Group have high insider ownership?
Looking at the total insider shares in a company can help you determine whether they are well aligned with common shareholders. We generally like to see fairly high levels of insider ownership. The insider owns his 20% of TUT Fitness Group shares, valued at approximately CA$73,000. Certainly, we’ve seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and other shareholders.
What do TUT Fitness Group’s insider transactions tell us?
It doesn’t make much sense to see that no insiders traded shares in TUT Fitness Group in the last quarter. However, insiders have indicated that interest in the stock has increased over the last year. Insiders say he owns shares in TUT Fitness Group, but we haven’t seen any evidence that they are concerned about the future. So while these insider transactions can help us form a theory about the stock, it’s also worth knowing what risks this company faces.Case in point: we discovered 3 warning signs for TUT Fitness Group Two of these are a bit concerning.
However, please note: TUT Fitness Group may not be the best stock to buy.So take a look at this free List of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are individuals who report their transactions to the relevant regulatory body. The Company currently only accounts for open market transactions and private dispositions of direct profits, and does not account for derivative transactions or indirect profits.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and the articles are not intended as financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.