Moreover, the 36-month beta value for TENB is 0.95. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TENB is 116.13M and currently, short sellers hold a 4.25% of that float. On April 19, 2024, TENB’s average trading volume was 978.97K shares.
TENB) stock’s latest price update
The stock price of Tenable Holdings Inc (NASDAQ: TENB) has plunged by -0.65 when compared to previous closing price of 44.38, but the company has seen a -11.68% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-10 that As the threat of cybercrime grows, the damage it causes may become more expensive. The demand for effective cybersecurity will increase accordingly.
TENB’s Market Performance
Tenable Holdings Inc (TENB) has experienced a -11.68% fall in stock performance for the past week, with a -8.34% drop in the past month, and a -6.35% drop in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are at 2.68% for TENB. The simple moving average for the past 20 days is -8.30% for TENB’s stock, with a -2.02% simple moving average for the past 200 days.
Analysts’ Opinion of TENB
Many brokerage firms have already submitted their reports for TENB stocks, with Needham repeating the rating for TENB by listing it as a “Buy.” The predicted price for TENB in the upcoming period, according to Needham is $62 based on the research report published on February 07, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TENB reach a price target of $60, previously predicting the price at $46. The rating they have provided for TENB stocks is “Overweight” according to the report published on January 09th, 2024.
Susquehanna gave a rating of “Positive” to TENB, setting the target price at $55 in the report published on December 15th of the previous year.
TENB Trading at -8.35% 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 -17.59% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares sank -9.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.43% lower at present.
During the last 5 trading sessions, TENB fell by -11.68%, which changed the moving average for the period of 200-days by +3.21% in comparison to the 20-day moving average, which settled at $47.84. In addition, Tenable Holdings Inc saw -4.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TENB starting from Vintz Stephen A, who sale 15,505 shares at the price of $49.56 back on Mar 28 ’24. After this action, Vintz Stephen A now owns 257,924 shares of Tenable Holdings Inc, valued at $768,362 using the latest closing price.
Vintz Stephen A, the Chief Financial Officer of Tenable Holdings Inc, sale 11,586 shares at $49.11 during a trade that took place back on Mar 21 ’24, which means that Vintz Stephen A is holding 257,924 shares at $568,988 based on the most recent closing price.
Stock Fundamentals for TENB
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.78 for the gross margin
The net margin for Tenable Holdings Inc stands at -0.1. The total capital return value is set at -0.04. Equity return is now at value -25.37, with -5.14 for asset returns.
Based on Tenable Holdings Inc (TENB), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is -1.19.
Currently, EBITDA for the company is -11.08 million with net debt to EBITDA at -39.33. When we switch over and look at the enterprise to sales, we see a ratio of 6.74. The receivables turnover for the company is 3.63for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
To wrap up, the performance of Tenable Holdings Inc (TENB) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
