Tevogen Bio Holdings Inc (TVGN) Moves -17.78% Lower: These Numbers are Too Good to be True

As on Thursday, Tevogen Bio Holdings Inc (NASDAQ: TVGN) started slowly as it slid -17.78% to $1.48, before settling in for the price of $1.80 at the close. Taking a more long-term approach, TVGN posted a 52-week range of $0.26-$21.09.

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It was noted that the giant of the Healthcare sector posted annual sales growth of 0.00% over the last 5 years. This publicly-traded company’s shares outstanding now amounts to $170.65 million, simultaneously with a float of $21.96 million. The organization now has a market capitalization sitting at $252.55 million. At the time of writing, stock’s 50-day Moving Average stood at $1.0967, while the 200-day Moving Average is $2.0538.

Tevogen Bio Holdings Inc (TVGN) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Biotechnology industry. Tevogen Bio Holdings Inc’s current insider ownership accounts for 87.13%, in contrast to 3.40% institutional ownership. According to the most recent insider trade that took place on Oct 17 ’24, this organization’s insider sold 1,078,600 shares at the rate of 1.62, making the entire transaction reach 1,747,332 in total value, affecting insider ownership by 4,254,302. Preceding that transaction, on Jun 12 ’24, Company’s Chief Financial Officer bought 3,000 for 0.82, making the whole transaction’s value amount to 2,460. This particular insider is now the holder of 9,699,186 in total.

Tevogen Bio Holdings Inc (NASDAQ: TVGN) Trading Performance Indicators

Let’s observe the current performance indicators for Tevogen Bio Holdings Inc (TVGN). It’s Quick Ratio in the last reported quarter now stands at 0.23. The Stock has managed to achieve an average true range (ATR) of 0.40.

In the same vein, TVGN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.37.

Technical Analysis of Tevogen Bio Holdings Inc (TVGN)

Through scrutinizing the latest numbers posted by the [Tevogen Bio Holdings Inc, TVGN], it can be observed that its last 5-days Average volume of 4.89 million was lower the volume of 4.98 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 45.86% While, its Average True Range was 0.4138.

Raw Stochastic average of Tevogen Bio Holdings Inc (TVGN) in the period of the previous 100 days is set at 43.20%, which indicates a major rise in contrast to 24.23% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 226.57% that was lower than 243.93% volatility it exhibited in the past 100-days period.