Tempest Therapeutics Inc (NASDAQ: TPST)’s stock price has gone rise by 0.92 in comparison to its previous close of 1.09, however, the company has experienced a 4.76% increase in its stock price over the last five trading days. benzinga.com reported 2024-10-10 that Tempest Therapeutics Inc. TPST stock is trading higher on Thursday, with a strong session volume of over 23 million as per data from Benzinga Pro.
Is It Worth Investing in Tempest Therapeutics Inc (NASDAQ: TPST) Right Now?
The 36-month beta value for TPST is at -1.83. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TPST is 21.19M, and currently, shorts hold a 17.56% of that float. The average trading volume for TPST on October 29, 2024 was 4.36M shares.
TPST’s Market Performance
TPST’s stock has seen a 4.76% increase for the week, with a -19.71% drop in the past month and a -36.96% fall in the past quarter. The volatility ratio for the week is 7.27%, and the volatility levels for the past 30 days are at 12.92% for Tempest Therapeutics Inc The simple moving average for the last 20 days is -7.39% for TPST’s stock, with a simple moving average of -58.97% for the last 200 days.
Analysts’ Opinion of TPST
Many brokerage firms have already submitted their reports for TPST stocks, with Scotiabank repeating the rating for TPST by listing it as a “Sector Outperform.” The predicted price for TPST in the upcoming period, according to Scotiabank is $13 based on the research report published on March 14, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see TPST reach a price target of $15. The rating they have provided for TPST stocks is “Buy” according to the report published on February 08th, 2024.
TPST Trading at -14.51% from the 50-Day Moving Average
After a stumble in the market that brought TPST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.67% of loss for the given period.
Volatility was left at 12.92%, however, over the last 30 days, the volatility rate increased by 7.27%, as shares sank -21.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.61% lower at present.
During the last 5 trading sessions, TPST rose by +4.76%, which changed the moving average for the period of 200-days by -73.49% in comparison to the 20-day moving average, which settled at $1.1877. In addition, Tempest Therapeutics Inc saw -75.00% 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 TPST starting from Versant Venture Capital VI, L., who proposed sale 387,999 shares at the price of $1.10 back on Aug 12 ’24. After this action, Versant Venture Capital VI, L. now owns shares of Tempest Therapeutics Inc, valued at $426,993 using the latest closing price.
Versant Venture Capital VI, L., the 10% Owner of Tempest Therapeutics Inc, sale 400,000 shares at $1.35 during a trade that took place back on Aug 08 ’24, which means that Versant Venture Capital VI, L. is holding 597,940 shares at $540,040 based on the most recent closing price.
Stock Fundamentals for TPST
The total capital return value is set at -1.15. Equity return is now at value -289.26, with -87.09 for asset returns.
Based on Tempest Therapeutics Inc (TPST), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at -2.19. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is -42.56.
Currently, EBITDA for the company is -28.78 million with net debt to EBITDA at 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.17.
Conclusion
In conclusion, Tempest Therapeutics Inc (TPST) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
