A new trading day began on Friday, with Tango Therapeutics Inc (NASDAQ: TNGX) stock price down -4.72% from the previous day of trading, before settling in for the closing price of $2.33. TNGX’s price has ranged from $1.03 to $12.02 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 53.11% over the past five years. Meanwhile, its annual earnings per share averaged -14.29%. With a float of $58.92 million, this company’s outstanding shares have now reached $108.11 million.
Let’s look at the performance matrix of the company that is accounted for 155 employees. In terms of profitability, gross margin is 83.79%, operating margin of -355.86%, and the pretax margin is -322.17%.
Tango Therapeutics Inc (TNGX) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Biotechnology Industry. The insider ownership of Tango Therapeutics Inc is 45.64%, while institutional ownership is 56.26%. The most recent insider transaction that took place on Feb 04 ’25, was worth 8,289. In this transaction General Counsel of this company sold 2,774 shares at a rate of $2.99, taking the stock ownership to the 68,570 shares. Before that another transaction happened on Feb 05 ’25, when Company’s General Counsel sold 2,556 for $3.16, making the entire transaction worth $8,081. This insider now owns 66,014 shares in total.
Tango Therapeutics Inc (TNGX) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -14.29% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -5.61% during the next five years compared to 7.47% growth over the previous five years of trading.
Tango Therapeutics Inc (NASDAQ: TNGX) Trading Performance Indicators
Here are Tango Therapeutics Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 6.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.21, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -1.32 in one year’s time.
Technical Analysis of Tango Therapeutics Inc (TNGX)
Tango Therapeutics Inc (NASDAQ: TNGX) saw its 5-day average volume 3.84 million, a positive change from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 48.86%. Additionally, its Average True Range was 0.32.
During the past 100 days, Tango Therapeutics Inc’s (TNGX) raw stochastic average was set at 45.42%, which indicates a significant decrease from 59.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 220.91% in the past 14 days, which was higher than the 123.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.52, while its 200-day Moving Average is $4.19. Nevertheless, the first resistance level for the watch stands at $2.35 in the near term. At $2.48, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.60. If the price goes on to break the first support level at $2.11, it is likely to go to the next support level at $1.99. The third support level lies at $1.86 if the price breaches the second support level.
Tango Therapeutics Inc (NASDAQ: TNGX) Key Stats
With a market capitalization of 240.64 million, the company has a total of 108,394K Shares Outstanding. Currently, annual sales are 42,070 K while annual income is -130,300 K. The company’s previous quarter sales were 5,390 K while its latest quarter income was -39,880 K.
