The stock price of Taysha Gene Therapies Inc (NASDAQ: TSHA) has plunged by -9.25 when compared to previous closing price of 2.27, but the company has seen a 37.33% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-11-14 that U.S. stock futures were higher this morning, with the Dow futures gaining more than 50 points on Thursday.
Is It Worth Investing in Taysha Gene Therapies Inc (NASDAQ: TSHA) Right Now?
Additionally, the 36-month beta value for TSHA is 0.50. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TSHA is 153.61M and currently, short sellers hold a 11.48% ratio of that float. The average trading volume of TSHA on November 18, 2024 was 2.79M shares.
TSHA’s Market Performance
TSHA stock saw an increase of 37.33% in the past week, with a monthly gain of 1.48% and a quarterly increase of -8.04%. The volatility ratio for the week is 20.28%, and the volatility levels for the last 30 days are 10.88% for Taysha Gene Therapies Inc (TSHA). The simple moving average for the last 20 days is 13.37% for TSHA stock, with a simple moving average of -14.17% for the last 200 days.
Analysts’ Opinion of TSHA
Many brokerage firms have already submitted their reports for TSHA stocks, with BMO Capital Markets repeating the rating for TSHA by listing it as a “Outperform.” The predicted price for TSHA in the upcoming period, according to BMO Capital Markets is $5 based on the research report published on June 27, 2024 of the current year 2024.
Piper Sandler, on the other hand, stated in their research note that they expect to see TSHA reach a price target of $9. The rating they have provided for TSHA stocks is “Overweight” according to the report published on April 09th, 2024.
Jefferies gave a rating of “Hold” to TSHA, setting the target price at $1.50 in the report published on February 01st of the previous year.
TSHA Trading at 4.06% from the 50-Day Moving Average
After a stumble in the market that brought TSHA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.31% of loss for the given period.
Volatility was left at 10.88%, however, over the last 30 days, the volatility rate increased by 20.28%. Over the last 50 days, in opposition, the stock is trading +0.98% upper at present.
During the last 5 trading sessions, TSHA rose by +37.33%, which changed the moving average for the period of 200-days by +32.05% in comparison to the 20-day moving average, which settled at $1.82. In addition, Taysha Gene Therapies Inc saw 16.38% 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 TSHA starting from Manning Paul B, who purchase 1,333,333 shares at the price of $2.25 back on Jun 27 ’24. After this action, Manning Paul B now owns 1,333,333 shares of Taysha Gene Therapies Inc, valued at $2,999,999 using the latest closing price.
Stock Fundamentals for TSHA
Current profitability levels for the company are sitting at:
- -8.81 for the present operating margin
- 0.9 for the gross margin
The net margin for Taysha Gene Therapies Inc stands at -2.3. The total capital return value is set at -0.58. Equity return is now at value -114.77, with -12.11 for asset returns.
Based on Taysha Gene Therapies Inc (TSHA), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -4.45. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -117.21.
Currently, EBITDA for the company is -105.2 million with net debt to EBITDA at 1.63. When we switch over and look at the enterprise to sales, we see a ratio of 28.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.51.
Conclusion
In conclusion, Taysha Gene Therapies Inc (TSHA) has seen better performance in recent times. Analysts have a bullish 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.
