The stock of Tempest Therapeutics Inc (TPST) has gone down by -14.45% for the week, with a -33.73% drop in the past month and a -38.49% drop in the past quarter. The volatility ratio for the week is 11.34%, and the volatility levels for the past 30 days are 13.71% for TPST. The simple moving average for the last 20 days is -13.34% for TPST stock, with a simple moving average of -63.83% for the last 200 days.
Is It Worth Investing in Tempest Therapeutics Inc (NASDAQ: TPST) Right Now?
TPST has 36-month beta value of -1.75. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for TPST is 22.33M, and currently, short sellers hold a 16.66% ratio of that float. The average trading volume of TPST on November 05, 2024 was 4.68M shares.
TPST) stock’s latest price update
Tempest Therapeutics Inc (NASDAQ: TPST)’s stock price has plunge by 3.49relation to previous closing price of 0.91. Nevertheless, the company has seen a -14.45% plunge in its stock price over the last five trading sessions. 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.
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 -23.97% 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 -84.31% of loss for the given period.
Volatility was left at 13.71%, however, over the last 30 days, the volatility rate increased by 11.34%, as shares sank -33.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.73% lower at present.
During the last 5 trading sessions, TPST fell by -14.45%, which changed the moving average for the period of 200-days by -76.11% in comparison to the 20-day moving average, which settled at $1.0859. In addition, Tempest Therapeutics Inc saw -78.61% 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
To put it simply, Tempest Therapeutics Inc (TPST) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
