Tenable Holdings Inc. (NASDAQ:TENB) went up by 3.05% from its latest closing price compared to the recent 1-year high of $41.80. The company’s stock price has collected 8.18% of gains in the last five trading sessions. Press Release reported on 08/18/20 that Tenable Enhances Industry’s First Unified Solution for Reducing Risk in Converged IT/OT Environments
Is It Worth Investing in Tenable Holdings Inc. (NASDAQ :TENB) Right Now?
Opinions of the stock are interesting as 11 analysts out of 13 who provided ratings for Tenable Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $40.83, which is $0.77 above the current price. TENB currently public float of 86.22M and currently shorts hold a 2.96% ratio of that float. Today, the average trading volume of TENB was 1.08M shares.
TENB’s Market Performance
TENB stocks went up by 8.18% for the week, with a monthly drop of -2.53% and a quarterly performance of 31.55%, while its annual performance rate touched 78.77%. The volatility ratio for the week stands at 2.79% while the volatility levels for the past 30 days are set at 4.23% for Tenable Holdings Inc.. The simple moving average for the period of the last 20 days is 3.56% for TENB stocks with a simple moving average of 36.47% for the last 200 days.
Analysts’ Opinion of TENB
Many brokerage firms have already submitted their reports for TENB stocks, with Piper Sandler repeating the rating for TENB by listing it as a “Overweight.” The predicted price for TENB in the upcoming period, according to Piper Sandler is $45 based on the research report published on September 28th of the current year 2020.
DA Davidson, on the other hand, stated in their research note that they expect to see TENB reach a price target of $50. The rating they have provided for TENB stocks is “Buy” according to the report published on September 25th, 2020.
SunTrust gave a rating of “Buy” to TENB, setting the target price at $40 in the report published on July 29th of the current year.
TENB Trading at 9.81% from the 50-Day Moving Average
After a stumble in the market that brought TENB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.94% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.04% upper at present.
During the last 5 trading sessions, TENB rose by +8.18%, which changed the moving average for the period of 200-days by +58.78% in comparison to the 20-day moving average, which settled at $37.44. In addition, Tenable Holdings Inc. saw 62.35% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at TENB starting from Yoran Amit, who sale 45,000 shares at the price of $36.96 back on Sep 14. After this action, Yoran Amit now owns 1,221,738 shares of Tenable Holdings Inc., valued at $1,663,200 using the latest closing price.
Riddick Stephen A, the General Counsel & Secretary of Tenable Holdings Inc., sale 2,420 shares at $37.99 during a trade that took place back on Sep 01, which means that Riddick Stephen A is holding 10,293 shares at $91,936 based on the most recent closing price.
Stock Fundamentals for TENB
Current profitability levels for the company are sitting at:
- -24.48 for the present operating margin
- +82.85 for the gross margin
The net margin for Tenable Holdings Inc. stands at -27.92. The total capital return value is set at -62.70, while invested capital returns managed to touch -74.06. Equity return is now at value -83.80, with -16.40 for asset returns.
Based on Tenable Holdings Inc. (TENB), the company’s capital structure generated 46.38 points at debt to equity in total, while total debt to capital is 31.68. Total debt to assets is 8.21, with long-term debt to equity ratio resting at 41.11. Finally, the long-term debt to capital ratio is 28.09.
When we switch over and look at the enterrpise to sales, we see a ratio of 6.02, with the company’s debt to enterprise value settled at 0.02. The receivables turnover for the company is 4.35 and the total asset turnover is 0.70. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.