Tango Therapeutics Inc (NASDAQ: TNGX) kicked off on Monday, down -3.06% from the previous trading day, before settling in for the closing price of $3.92. Over the past 52 weeks, TNGX has traded in a range of $2.70-$13.01.
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Annual sales at Healthcare sector company grew by 132.62% over the past five years. While this was happening, its average annual earnings per share was recorded -11.20%. With a float of $49.37 million, this company’s outstanding shares have now reached $102.20 million.
Let’s look at the performance matrix of the company that is accounted for 140 employees. In terms of profitability, gross margin is 95.68%, operating margin of -322.0%, and the pretax margin is -283.95%.
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 54.04%, while institutional ownership is 56.77%. The most recent insider transaction that took place on Nov 18 ’24, was worth 37,800. In this transaction Director of this company bought 10,000 shares at a rate of $3.78, taking the stock ownership to the 31,250 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Director bought 10,000 for $3.62, making the entire transaction worth $36,200. This insider now owns 21,250 shares in total.
Tango Therapeutics Inc (TNGX) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.3 earnings per share (EPS), lower than consensus estimate (set at -0.27) by -0.03. 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 -11.20% 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 8.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.17, a number that is poised to hit -0.34 in the next quarter and is forecasted to reach -1.43 in one year’s time.
Technical Analysis of Tango Therapeutics Inc (TNGX)
Tango Therapeutics Inc (NASDAQ: TNGX) saw its 5-day average volume 2.02 million, a positive change from its year-to-date volume of 1.01 million. As of the previous 9 days, the stock’s Stochastic %D was 61.31%. Additionally, its Average True Range was 0.53.
During the past 100 days, Tango Therapeutics Inc’s (TNGX) raw stochastic average was set at 11.81%, which indicates a significant decrease from 72.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 231.24% in the past 14 days, which was higher than the 109.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.94, while its 200-day Moving Average is $8.27. Nevertheless, the first resistance level for the watch stands at $4.05 in the near term. At $4.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.44. If the price goes on to break the first support level at $3.66, it is likely to go to the next support level at $3.51. Assuming the price breaks the second support level, the third support level stands at $3.27.
Tango Therapeutics Inc (NASDAQ: TNGX) Key Stats
The company with the Market Capitalisation of 408.19 million has total of 107,418K 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 11,610 K and last quarter income was -29,170 K.
