TC BioPharm (Holdings) plc ADR (TCBP) Shares Up Despite Recent Market Volatility

TC BioPharm (Holdings) plc ADR (NASDAQ: TCBP)’s stock price has soared by 1.09 in relation to previous closing price of 138.50. Nevertheless, the company has seen a gain of 23.16% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-28 that The FDA clears TC BioPharm’s (TCBP) investigational new drug application seeking approval to begin a clinical study on its pipeline candidate, TCB008, for treating acute myeloid leukemia. Stock declines.

Is It Worth Investing in TC BioPharm (Holdings) plc ADR (NASDAQ: TCBP) Right Now?

and a 36-month beta value of 0.29.

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On February 13, 2024, the average trading volume of TCBP was 2.63 shares.

TCBP’s Market Performance

TCBP stock saw a decrease of 23.16% in the past week, with a monthly decline of -55.51% and a quarterly a decrease of -85.84%. The volatility ratio for the week is 23.98%, and the volatility levels for the last 30 days are 16.59% for TC BioPharm (Holdings) plc ADR (TCBP).

TCBP Trading at 2.07% from the 50-Day Moving Average

After a stumble in the market that brought TCBP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.30% of loss for the given period.

Volatility was left at 16.59%, however, over the last 30 days, the volatility rate increased by 23.98%, as shares sank -57.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.70% lower at present.

During the last 5 trading sessions, TCBP rose by +23.16%, which changed the moving average for the period of 200-days by -95.90% in comparison to the 20-day moving average, which settled at $1.5289. In addition, TC BioPharm (Holdings) plc ADR saw -65.62% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for TCBP

Equity return is now at value -94.90, with -13.34 for asset returns.

Conclusion

To sum up, TC BioPharm (Holdings) plc ADR (TCBP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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