Additionally, the 36-month beta value for TNYA is 2.63. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TNYA is 65.58M and currently, short sellers hold a 20.01% ratio of that float. The average trading volume of TNYA on November 29, 2024 was 2.44M shares.
TNYA) stock’s latest price update
Tenaya Therapeutics Inc (NASDAQ: TNYA)’s stock price has increased by 8.64 compared to its previous closing price of 3.29. However, the company has seen a 65.47% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-06 that Data Safety and Monitoring Board Endorsed Dose Escalation and Broadening of Inclusion Criteria in the MyPEAK TM -1 Phase 1b/2 Trial of TN-201 Gene Therapy
TNYA’s Market Performance
Tenaya Therapeutics Inc (TNYA) has experienced a 65.47% rise in stock performance for the past week, with a 74.35% rise in the past month, and a 33.37% rise in the past quarter. The volatility ratio for the week is 19.47%, and the volatility levels for the past 30 days are at 16.12% for TNYA. The simple moving average for the past 20 days is 45.78% for TNYA’s stock, with a 2.33% simple moving average for the past 200 days.
Analysts’ Opinion of TNYA
Leerink Partners, on the other hand, stated in their research note that they expect to see TNYA reach a price target of $7. The rating they have provided for TNYA stocks is “Outperform” according to the report published on November 30th, 2023.
H.C. Wainwright gave a rating of “Buy” to TNYA, setting the target price at $25 in the report published on June 15th of the previous year.
TNYA Trading at 69.07% from the 50-Day Moving Average
After a stumble in the market that brought TNYA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.01% of loss for the given period.
Volatility was left at 16.12%, however, over the last 30 days, the volatility rate increased by 19.47%, as shares surge +88.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +65.07% upper at present.
During the last 5 trading sessions, TNYA rose by +67.36%, which changed the moving average for the period of 200-days by -34.27% in comparison to the 20-day moving average, which settled at $2.45. In addition, Tenaya Therapeutics Inc saw 10.31% 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 TNYA starting from Saito Chihiro, who sale 2,258 shares at the price of $2.12 back on Nov 18 ’24. After this action, Saito Chihiro now owns 60,983 shares of Tenaya Therapeutics Inc, valued at $4,787 using the latest closing price.
Saito Chihiro, the SVP, Accounting and Fin. Ops. of Tenaya Therapeutics Inc, sale 2,363 shares at $2.89 during a trade that took place back on Aug 16 ’24, which means that Saito Chihiro is holding 63,241 shares at $6,840 based on the most recent closing price.
Stock Fundamentals for TNYA
Current profitability levels for the company are sitting at:
- -6.95 for the present operating margin
- 0.59 for the gross margin
The net margin for Tenaya Therapeutics Inc stands at -6.64. The total capital return value is set at -0.99. Equity return is now at value -84.49, with -70.20 for asset returns.
Currently, EBITDA for the company is -122.51 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 16.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.27.
Conclusion
In conclusion, Tenaya Therapeutics Inc (TNYA) 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.
