The 36-month beta value for TNGX is also noteworthy at 0.87. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TNGX is 57.25M, and at present, short sellers hold a 17.67% of that float. The average trading volume of TNGX on September 05, 2024 was 758.82K shares.
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TNGX) stock’s latest price update
Tango Therapeutics Inc (NASDAQ: TNGX) has experienced a rise in its stock price by 2.89 compared to its previous closing price of 10.84. However, the company has seen a fall of -1.65% in its stock price over the last five trading days. zacks.com reported 2024-08-07 that Tango Therapeutics, Inc. (TNGX) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.23 per share a year ago.
TNGX’s Market Performance
Tango Therapeutics Inc (TNGX) has seen a -1.65% fall in stock performance for the week, with a 23.79% gain in the past month and a 50.51% surge in the past quarter. The volatility ratio for the week is 5.44%, and the volatility levels for the past 30 days are at 7.09% for TNGX. The simple moving average for the past 20 days is 8.02% for TNGX’s stock, with a 20.03% simple moving average for the past 200 days.
Analysts’ Opinion of TNGX
Many brokerage firms have already submitted their reports for TNGX stocks, with Jefferies repeating the rating for TNGX by listing it as a “Buy.” The predicted price for TNGX in the upcoming period, according to Jefferies is $19 based on the research report published on July 17, 2024 of the current year 2024.
Piper Sandler gave a rating of “Overweight” to TNGX, setting the target price at $18 in the report published on February 12th of the current year.
TNGX Trading at 14.59% from the 50-Day Moving Average
After a stumble in the market that brought TNGX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.40% of loss for the given period.
Volatility was left at 7.09%, however, over the last 30 days, the volatility rate increased by 5.44%, as shares surge +27.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.09% upper at present.
During the last 5 trading sessions, TNGX fell by -1.94%, which changed the moving average for the period of 200-days by +48.07% in comparison to the 20-day moving average, which settled at $10.45. In addition, Tango Therapeutics Inc saw 12.66% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TNGX starting from Third Rock Ventures IV, L.P., who sale 175,000 shares at the price of $11.60 back on Aug 30 ’24. After this action, Third Rock Ventures IV, L.P. now owns 17,001,475 shares of Tango Therapeutics Inc, valued at $2,029,702 using the latest closing price.
Third Rock Ventures IV, L.P., the Affiliate of Tango Therapeutics Inc, proposed sale 175,000 shares at $11.83 during a trade that took place back on Aug 30 ’24, which means that Third Rock Ventures IV, L.P. is holding shares at $2,070,250 based on the most recent closing price.
Stock Fundamentals for TNGX
Current profitability levels for the company are sitting at:
- -3.12 for the present operating margin
- 0.94 for the gross margin
The net margin for Tango Therapeutics Inc stands at -2.74. The total capital return value is set at -0.39. Equity return is now at value -50.58, with -30.62 for asset returns.
Based on Tango Therapeutics Inc (TNGX), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at -3.17. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is -227.96.
Currently, EBITDA for the company is -111.76 million with net debt to EBITDA at 0.11. When we switch over and look at the enterprise to sales, we see a ratio of 27.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.49.
Conclusion
In summary, Tango Therapeutics Inc (TNGX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
