After finishing at $7.99 in the prior trading day, Terns Pharmaceuticals Inc (NASDAQ: TERN) closed at $7.49, down -6.26%. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 821677 shares were traded. TERN stock price reached its highest trading level at $8.30 during the session, while it also had its lowest trading level at $7.24.
Ratios:
Our goal is to gain a better understanding of TERN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.38 and its Current Ratio is at 22.38. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Mizuho on June 22, 2023, initiated with a Buy rating and assigned the stock a target price of $16.
On June 07, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $18.
On May 31, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $23.ROTH MKM initiated its Buy rating on May 31, 2023, with a $23 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TERN now has a Market Capitalization of 462.84M and an Enterprise Value of 197.01M. Its current Enterprise Value per Revenue stands at 337.47 whereas that against EBITDA is -2.09.
Stock Price History:
Over the past 52 weeks, TERN has reached a high of $14.04, while it has fallen to a 52-week low of $3.26. The 50-Day Moving Average of the stock is 6.33, while the 200-Day Moving Average is calculated to be 6.83.
Shares Statistics:
The stock has traded on average 638.86K shares per day over the past 3-months and 683.5k shares per day over the last 10 days, according to various share statistics. A total of 53.72M shares are outstanding, with a floating share count of 37.91M. Insiders hold about 38.66% of the company’s shares, while institutions hold 73.49% stake in the company. Shares short for TERN as of Feb 15, 2024 were 4.36M with a Short Ratio of 6.83, compared to 4.39M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.06% and a Short% of Float of 10.88%.
Earnings Estimates
Its stock is currently analyzed by 9 different market analysts. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.26 and a low estimate of -$0.32, while EPS last year was -$0.29. The consensus estimate for the next quarter is -$0.33, with high estimates of -$0.27 and low estimates of -$0.38.
Analysts are recommending an EPS of between -$1.24 and -$1.56 for the fiscal current year, implying an average EPS of -$1.33. EPS for the following year is -$1.37, with 9 analysts recommending between -$1.1 and -$1.56.
