Tarsus Pharmaceuticals Inc (NASDAQ: TARS)’s stock price has gone rise by 7.25 in comparison to its previous close of 46.51, however, the company has experienced a 6.60% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Tarsus Pharmaceuticals, Inc. (NASDAQ:TARS ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants David Nakasone – Head, IR Bobby Azamian – Chairman & CEO Aziz Mottiwala – Chief Commercial Officer Jeff Farrow – CFO and CSO Sesha Neervannan – COO Elizabeth Yeu – Chief Medical Officer Conference Call Participants Eddie Hickman – Guggenheim Securities Lachlan Hanbury-Brown – William Blair Andrea Newkirk – Goldman Sachs Oren Livnat – HC Wainwright Balaji Prasad – Barclays Jason Gerberry – Bank of America Merrill Lynch Corey Jubinville – Life Sci Capital Francois Brisebois – Oppenheimer Operator Welcome to Tarsus’ Third Quarter 2024 Financial Results Conference Call. As a reminder, this call is being recorded at this time, I would like to turn the call over to David Nakasone, Head of Investor Relations, to lead off the call.
Is It Worth Investing in Tarsus Pharmaceuticals Inc (NASDAQ: TARS) Right Now?
TARS has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TARS is 31.79M, and currently, short sellers hold a 25.66% ratio of that float. The average trading volume of TARS on November 14, 2024 was 716.52K shares.
TARS’s Market Performance
The stock of Tarsus Pharmaceuticals Inc (TARS) has seen a 6.60% increase in the past week, with a 32.69% rise in the past month, and a 94.15% gain in the past quarter. The volatility ratio for the week is 5.60%, and the volatility levels for the past 30 days are at 6.36% for TARS.. The simple moving average for the past 20 days is 13.83% for TARS’s stock, with a 52.30% simple moving average for the past 200 days.
Analysts’ Opinion of TARS
Many brokerage firms have already submitted their reports for TARS stocks, with Goldman repeating the rating for TARS by listing it as a “Neutral.” The predicted price for TARS in the upcoming period, according to Goldman is $19 based on the research report published on November 20, 2023 of the previous year 2023.
William Blair, on the other hand, stated in their research note that they expect to see TARS reach a price target of $44. The rating they have provided for TARS stocks is “Outperform” according to the report published on July 18th, 2023.
TARS Trading at 32.59% from the 50-Day Moving Average
After a stumble in the market that brought TARS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.32% of loss for the given period.
Volatility was left at 6.36%, however, over the last 30 days, the volatility rate increased by 5.60%, as shares surge +32.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +79.19% upper at present.
During the last 5 trading sessions, TARS rose by +4.59%, which changed the moving average for the period of 200-days by +79.65% in comparison to the 20-day moving average, which settled at $43.77. In addition, Tarsus Pharmaceuticals Inc saw 146.31% 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 TARS starting from LINK WILLIAM J PHD, who sale 35,000 shares at the price of $26.08 back on Aug 12 ’24. After this action, LINK WILLIAM J PHD now owns 0 shares of Tarsus Pharmaceuticals Inc, valued at $912,961 using the latest closing price.
FLYING L PARTNERS XI LLC, the Director of Tarsus Pharmaceuticals Inc, proposed sale 35,000 shares at $26.85 during a trade that took place back on Aug 12 ’24, which means that FLYING L PARTNERS XI LLC is holding shares at $939,750 based on the most recent closing price.
Stock Fundamentals for TARS
Current profitability levels for the company are sitting at:
- -1.08 for the present operating margin
- 0.93 for the gross margin
The net margin for Tarsus Pharmaceuticals Inc stands at -1.04. The total capital return value is set at -0.45. Equity return is now at value -75.04, with -53.05 for asset returns.
Based on Tarsus Pharmaceuticals Inc (TARS), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -1.4. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -85.94.
Currently, EBITDA for the company is -131.67 million with net debt to EBITDA at 0.8. When we switch over and look at the enterprise to sales, we see a ratio of 13.64. The receivables turnover for the company is 4.28for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.03.
Conclusion
To put it simply, Tarsus Pharmaceuticals Inc (TARS) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
