Tango Therapeutics Inc (NASDAQ: TNGX) kicked off on Friday, up 6.57% from the previous trading day, before settling in for the closing price of $7.00. Over the past 52 weeks, TNGX has traded in a range of $6.33-$13.01.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 132.62%. While this was happening, its average annual earnings per share was recorded -22.90%. With a float of $57.71 million, this company’s outstanding shares have now reached $102.20 million.
The extent of productivity of a business whose workforce counts for 140 workers is very important to gauge. In terms of profitability, gross margin is 94.15%, operating margin of -311.57%, and the pretax margin is -273.63%.
Tango Therapeutics Inc (TNGX) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Biotechnology Industry. The insider ownership of Tango Therapeutics Inc is 46.14%, while institutional ownership is 56.76%. The most recent insider transaction that took place on Sep 13 ’24, was worth 709,756. In this transaction 10% Owner of this company sold 67,400 shares at a rate of $10.53, taking the stock ownership to the 16,859,075 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Affiliate proposed sale 67,400 for $10.50, making the entire transaction worth $707,700.
Tango Therapeutics Inc (TNGX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.23 earnings per share (EPS), higher than consensus estimate (set at -0.34) by 0.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -22.90% per share during the next fiscal year.
Tango Therapeutics Inc (NASDAQ: TNGX) Trading Performance Indicators
Take a look at Tango Therapeutics Inc’s (TNGX) current performance indicators. Last quarter, stock had a quick ratio of 7.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 18.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.13, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -1.46 in one year’s time.
Technical Analysis of Tango Therapeutics Inc (TNGX)
The latest stats from [Tango Therapeutics Inc, TNGX] show that its last 5-days average volume of 1.24 million was superior to 0.76 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 83.54%. Additionally, its Average True Range was 0.50.
During the past 100 days, Tango Therapeutics Inc’s (TNGX) raw stochastic average was set at 19.88%, which indicates a significant decrease from 82.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.46% in the past 14 days, which was lower than the 74.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.92, while its 200-day Moving Average is $9.15. Now, the first resistance to watch is $7.63. This is followed by the second major resistance level at $7.80. The third major resistance level sits at $8.13. If the price goes on to break the first support level at $7.13, it is likely to go to the next support level at $6.79. Assuming the price breaks the second support level, the third support level stands at $6.62.
Tango Therapeutics Inc (NASDAQ: TNGX) Key Stats
The company with the Market Capitalisation of 799.26 million has total of 106,846K Shares Outstanding. Its annual sales at the moment are 36,530 K in contrast with the sum of -101,740 K annual income. Company’s last quarter sales were recorded 19,880 K and last quarter income was -25,550 K.
