TG Therapeutics Inc (TGTX) Shares Up Despite Recent Market Volatility

TG Therapeutics Inc (NASDAQ: TGTX)’s stock price has soared by 0.18 in relation to previous closing price of 16.30. Nevertheless, the company has seen a loss of -2.27% in its stock price over the last five trading days. globenewswire.com reported 2024-06-03 that NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) — TG Therapeutics, Inc. (NASDAQ: TGTX) today announced that Michael S. Weiss, the Company’s Chairman and Chief Executive Officer, will participate in the Jefferies Global Healthcare Conference, being held at the Marriott Marquis, in New York City on June 5-6, 2024.

Is It Worth Investing in TG Therapeutics Inc (NASDAQ: TGTX) Right Now?

TG Therapeutics Inc (NASDAQ: TGTX) has a price-to-earnings ratio that is above its average at 74.06x. The stock has a 36-month beta value of 2.30. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for TGTX is 137.79M, and at present, short sellers hold a 24.89% of that float. On June 04, 2024, the average trading volume of TGTX was 3.26M shares.

TGTX’s Market Performance

TGTX stock saw a decrease of -2.27% in the past week, with a monthly decline of -0.55% and a quarterly a decrease of -8.62%. The volatility ratio for the week is 3.93%, and the volatility levels for the last 30 days are 4.41% for TG Therapeutics Inc (TGTX). The simple moving average for the past 20 days is -3.46% for TGTX’s stock, with a 20.56% simple moving average for the past 200 days.

Analysts’ Opinion of TGTX

Many brokerage firms have already submitted their reports for TGTX stocks, with Goldman repeating the rating for TGTX by listing it as a “Neutral.” The predicted price for TGTX in the upcoming period, according to Goldman is $12 based on the research report published on August 02, 2023 of the previous year 2023.

Jefferies, on the other hand, stated in their research note that they expect to see TGTX reach a price target of $40, previously predicting the price at $55. The rating they have provided for TGTX stocks is “Buy” according to the report published on June 26th, 2023.

BofA Securities gave a rating of “Underperform” to TGTX, setting the target price at $5 in the report published on May 20th of the previous year.

TGTX Trading at 5.22% from the 50-Day Moving Average

After a stumble in the market that brought TGTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.30% of loss for the given period.

Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares surge +0.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.08% upper at present.

During the last 5 trading sessions, TGTX fell by -2.27%, which changed the moving average for the period of 200-days by +51.91% in comparison to the 20-day moving average, which settled at $16.92. In addition, TG Therapeutics Inc saw -4.39% 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 TGTX starting from Lonial Sagar, who sale 5,000 shares at the price of $15.94 back on Mar 13 ’24. After this action, Lonial Sagar now owns 108,878 shares of TG Therapeutics Inc, valued at $79,675 using the latest closing price.

Charney Laurence N, the Director of TG Therapeutics Inc, sale 22,000 shares at $15.97 during a trade that took place back on Mar 12 ’24, which means that Charney Laurence N is holding 215,229 shares at $351,340 based on the most recent closing price.

Stock Fundamentals for TGTX

Current profitability levels for the company are sitting at:

  • 0.17 for the present operating margin
  • 0.93 for the gross margin

The net margin for TG Therapeutics Inc stands at 0.14. The total capital return value is set at 0.18. Equity return is now at value 43.93, with 14.44 for asset returns.

Based on TG Therapeutics Inc (TGTX), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.64. The interest coverage ratio of the stock is 4.01.

Currently, EBITDA for the company is 21.06 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 8.85. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.62.

Conclusion

To sum up, TG Therapeutics Inc (TGTX) 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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