Tenable Holdings Inc (NASDAQ: TENB)’s stock price has gone decline by -1.36 in comparison to its previous close of 41.80, however, the company has experienced a 2.21% increase in its stock price over the last five trading days. zacks.com reported 2024-10-30 that The headline numbers for Tenable (TENB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Tenable Holdings Inc (NASDAQ: TENB) Right Now?
Additionally, the 36-month beta value for TENB is 0.83. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TENB is 117.05M and currently, short sellers hold a 3.83% ratio of that float. The average trading volume of TENB on October 31, 2024 was 884.52K shares.
TENB’s Market Performance
TENB stock saw an increase of 2.21% in the past week, with a monthly gain of 1.00% and a quarterly increase of -2.94%. The volatility ratio for the week is 2.92%, and the volatility levels for the last 30 days are 2.46% for Tenable Holdings Inc (TENB). The simple moving average for the past 20 days is -0.90% for TENB’s stock, with a -6.39% simple moving average for the past 200 days.
Analysts’ Opinion of TENB
Many brokerage firms have already submitted their reports for TENB stocks, with Jefferies repeating the rating for TENB by listing it as a “Hold.” The predicted price for TENB in the upcoming period, according to Jefferies is $45 based on the research report published on October 16, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see TENB reach a price target of $40, previously predicting the price at $56. The rating they have provided for TENB stocks is “Neutral” according to the report published on August 01st, 2024.
Robert W. Baird gave a rating of “Outperform” to TENB, setting the target price at $55 in the report published on July 15th of the current year.
TENB Trading at 0.99% 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 -22.93% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares surge +1.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.11% lower at present.
During the last 5 trading sessions, TENB rose by +2.21%, which changed the moving average for the period of 200-days by -11.83% in comparison to the 20-day moving average, which settled at $41.61. In addition, Tenable Holdings Inc saw -10.49% 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 Yoran Amit, who sale 5,673 shares at the price of $41.75 back on Aug 26 ’24. After this action, Yoran Amit now owns 39,309 shares of Tenable Holdings Inc, valued at $236,848 using the latest closing price.
Vintz Stephen A, the Chief Financial Officer of Tenable Holdings Inc, sale 3,413 shares at $41.75 during a trade that took place back on Aug 26 ’24, which means that Vintz Stephen A is holding 278,493 shares at $142,493 based on the most recent closing price.
Stock Fundamentals for TENB
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.78 for the gross margin
The net margin for Tenable Holdings Inc stands at -0.08. The total capital return value is set at -0.03. Equity return is now at value -19.52, with -4.35 for asset returns.
Based on Tenable Holdings Inc (TENB), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 1.01. The interest coverage ratio of the stock is -0.73.
Currently, EBITDA for the company is -11.08 million with net debt to EBITDA at 23.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.97. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Tenable Holdings Inc (TENB) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
