TG Therapeutics Inc (NASDAQ: TGTX) has experienced a rise in its stock price by 7.43 compared to its previous closing price of 32.02. However, the company has seen a gain of 4.75% in its stock price over the last five trading days. investors.com reported 2024-12-03 that None of our picks is Nvidia or Amazon or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.
Is It Worth Investing in TG Therapeutics Inc (NASDAQ: TGTX) Right Now?
Moreover, the 36-month beta value for TGTX is 2.22. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TGTX is 140.50M and currently, short sellers hold a 20.70% of that float. On December 17, 2024, TGTX’s average trading volume was 3.55M shares.
TGTX’s Market Performance
TGTX’s stock has seen a 4.75% increase for the week, with a 11.53% rise in the past month and a 37.16% gain in the past quarter. The volatility ratio for the week is 6.31%, and the volatility levels for the past 30 days are at 5.61% for TG Therapeutics Inc The simple moving average for the last 20 days is 3.84% for TGTX’s stock, with a simple moving average of 62.81% for the last 200 days.
Analysts’ Opinion of TGTX
Many brokerage firms have already submitted their reports for TGTX stocks, with TD Cowen repeating the rating for TGTX by listing it as a “Buy.” The predicted price for TGTX in the upcoming period, according to TD Cowen is $50 based on the research report published on October 29, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see TGTX reach a price target of $12, previously predicting the price at $16. The rating they have provided for TGTX stocks is “Neutral” according to the report published on August 02nd, 2023.
Jefferies gave a rating of “Buy” to TGTX, setting the target price at $40 in the report published on June 26th of the previous year.
TGTX Trading at 20.51% from the 50-Day Moving Average
After a stumble in the market that brought TGTX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.62% of loss for the given period.
Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 6.31%, as shares surge +16.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.75% upper at present.
During the last 5 trading sessions, TGTX rose by +4.75%, which changed the moving average for the period of 200-days by +91.54% in comparison to the 20-day moving average, which settled at $33.13. In addition, TG Therapeutics Inc saw 101.41% 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 TGTX starting from Lonial Sagar, who sale 5,000 shares at the price of $30.44 back on Nov 11 ’24. After this action, Lonial Sagar now owns 100,195 shares of TG Therapeutics Inc, valued at $152,200 using the latest closing price.
Charney Laurence N, the Director of TG Therapeutics Inc, sale 25,000 shares at $30.20 during a trade that took place back on Nov 11 ’24, which means that Charney Laurence N is holding 212,479 shares at $754,875 based on the most recent closing price.
Stock Fundamentals for TGTX
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.88 for the gross margin
The net margin for TG Therapeutics Inc stands at -0.05. The total capital return value is set at -0.0. Equity return is now at value -8.05, with -3.13 for asset returns.
Based on TG Therapeutics Inc (TGTX), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is -0.03.
Currently, EBITDA for the company is 26.1 million with net debt to EBITDA at 9.85. When we switch over and look at the enterprise to sales, we see a ratio of 20.44. The receivables turnover for the company is 2.29for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.59.
Conclusion
To wrap up, the performance of TG Therapeutics Inc (TGTX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
