Tenable Holdings Inc (NASDAQ: TENB) has seen a rise in its stock price by 0.49 in relation to its previous close of 42.79. However, the company has experienced a -1.01% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-04 that Autonomous patching streamlines discovery to remediation, with customizable controls that prevent problematic updates Autonomous patching streamlines discovery to remediation, with customizable controls that prevent problematic updates
Is It Worth Investing in Tenable Holdings Inc (NASDAQ: TENB) Right Now?
The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 10 analysts rating it as a “buy,” 5 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for TENB is 118.04M, and at present, short sellers hold a 3.25% of that float. On December 13, 2024, the average trading volume of TENB was 868.91K shares.
TENB’s Market Performance
TENB’s stock has seen a -1.01% decrease for the week, with a 2.65% rise in the past month and a 8.20% gain in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.46% for Tenable Holdings Inc The simple moving average for the past 20 days is 1.95% for TENB’s stock, with a -0.11% simple moving average for the past 200 days.
Analysts’ Opinion of TENB
Many brokerage firms have already submitted their reports for TENB stocks, with Morgan Stanley repeating the rating for TENB by listing it as a “Equal-Weight.” The predicted price for TENB in the upcoming period, according to Morgan Stanley is $47 based on the research report published on December 02, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see TENB reach a price target of $45. The rating they have provided for TENB stocks is “Hold” according to the report published on October 16th, 2024.
DA Davidson gave a rating of “Neutral” to TENB, setting the target price at $40 in the report published on August 01st of the current year.
TENB Trading at 3.21% 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 -19.63% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.55% upper at present.
During the last 5 trading sessions, TENB fell by -1.01%, which changed the moving average for the period of 200-days by -8.92% in comparison to the 20-day moving average, which settled at $42.18. In addition, Tenable Holdings Inc saw -6.64% 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 Thurmond Mark C., who sale 939 shares at the price of $42.95 back on Nov 27 ’24. After this action, Thurmond Mark C. now owns 38,046 shares of Tenable Holdings Inc, valued at $40,330 using the latest closing price.
Thurmond Mark C., the Chief Operating Officer of Tenable Holdings Inc, sale 3,423 shares at $42.57 during a trade that took place back on Nov 26 ’24, which means that Thurmond Mark C. is holding 38,985 shares at $145,727 based on the most recent closing price.
Stock Fundamentals for TENB
Current profitability levels for the company are sitting at:
- -0.02 for the present operating margin
- 0.78 for the gross margin
The net margin for Tenable Holdings Inc stands at -0.07. The total capital return value is set at -0.02. Equity return is now at value -15.99, with -3.79 for asset returns.
Based on Tenable Holdings Inc (TENB), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.88. The interest coverage ratio of the stock is -0.55.
Currently, EBITDA for the company is -8.95 million with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 5.99. The receivables turnover for the company is 4.56for 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 1.21.
Conclusion
To sum up, Tenable Holdings Inc (TENB) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
