A new trading day began on Monday, with TG Therapeutics Inc (NASDAQ: TGTX) stock price up 4.24% from the previous day of trading, before settling in for the closing price of $23.36. TGTX’s price has ranged from $6.89 to $26.41 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 2506.46%. Meanwhile, its annual earnings per share averaged -44.43%. With a float of $137.98 million, this company’s outstanding shares have now reached $151.42 million.
Let’s determine the extent of company efficiency that accounts for 264 employees. In terms of profitability, gross margin is 92.69%, operating margin of 29.37%, and the pretax margin is 27.62%.
TG Therapeutics Inc (TGTX) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of TG Therapeutics Inc is 10.88%, while institutional ownership is 59.31%. The most recent insider transaction that took place on Jun 20 ’24, was worth 275,791. In this transaction Director of this company sold 16,348 shares at a rate of $16.87, taking the stock ownership to the 105,195 shares. Before that another transaction happened on Jun 17 ’24, when Company’s Director sold 9,585 for $16.39, making the entire transaction worth $157,098. This insider now owns 99,293 shares in total.
TG Therapeutics Inc (TGTX) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -44.43% per share during the next fiscal year.
TG Therapeutics Inc (NASDAQ: TGTX) Trading Performance Indicators
Here are TG Therapeutics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.87. Likewise, its price to free cash flow for the trailing twelve months is 55.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.60, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.74 in one year’s time.
Technical Analysis of TG Therapeutics Inc (TGTX)
Looking closely at TG Therapeutics Inc (NASDAQ: TGTX), its last 5-days average volume was 2.05 million, which is a drop from its year-to-date volume of 3.62 million. As of the previous 9 days, the stock’s Stochastic %D was 52.24%. Additionally, its Average True Range was 1.12.
During the past 100 days, TG Therapeutics Inc’s (TGTX) raw stochastic average was set at 81.69%, which indicates a significant decrease from 85.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.97% in the past 14 days, which was lower than the 57.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $23.46, while its 200-day Moving Average is $18.43. However, in the short run, TG Therapeutics Inc’s stock first resistance to watch stands at $24.81. Second resistance stands at $25.27. The third major resistance level sits at $25.97. If the price goes on to break the first support level at $23.65, it is likely to go to the next support level at $22.95. Should the price break the second support level, the third support level stands at $22.49.
TG Therapeutics Inc (NASDAQ: TGTX) Key Stats
With a market capitalization of 3.77 billion, the company has a total of 154,543K Shares Outstanding. Currently, annual sales are 233,660 K while annual income is 12,670 K. The company’s previous quarter sales were 73,470 K while its latest quarter income was 6,880 K.
