Tango Therapeutics Inc (NASDAQ: TNGX) on Monday, plunged -3.17% from the previous trading day, before settling in for the closing price of $3.15. Within the past 52 weeks, TNGX’s price has moved between $2.70 and $13.01.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 132.62%. The company achieved an average annual earnings per share of -11.20%. With a float of $49.85 million, this company’s outstanding shares have now reached $107.41 million.
Considering the fact that the conglomerate employs 140 people, you should pay attention to its efficiency factor. 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 Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Tango Therapeutics Inc is 53.59%, while institutional ownership is 48.08%. 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) Earnings and Forecasts
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
Tango Therapeutics Inc (TNGX) is currently performing well based on its current performance indicators. A quick ratio of 8.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.55.
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)
Compared to the last year’s volume of 0.68 million, its volume of 0.6 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 58.89%. Additionally, its Average True Range was 0.29.
During the past 100 days, Tango Therapeutics Inc’s (TNGX) raw stochastic average was set at 3.76%, which indicates a significant decrease from 58.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.98% in the past 14 days, which was lower than the 110.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.78, while its 200-day Moving Average is $7.25. Nevertheless, the first resistance level for the watch stands at $3.19 in the near term. At $3.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.42. If the price goes on to break the first support level at $2.96, it is likely to go to the next support level at $2.88. Should the price break the second support level, the third support level stands at $2.73.
Tango Therapeutics Inc (NASDAQ: TNGX) Key Stats
Market capitalization of the company is 327.62 million based on 107,418K outstanding shares. Right now, sales total 36,530 K and income totals -101,740 K. The company made 11,610 K in profit during its latest quarter, and -29,170 K in sales during its previous quarter.
