Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Tempest Therapeutics Inc (NASDAQ: TPST) closed the day trading at $0.89 down -4.22% from the previous closing price of $0.93. In other words, the price has decreased by -$4.22 from its previous closing price. On the day, 0.62 million shares were traded. TPST stock price reached its highest trading level at $0.9429 during the session, while it also had its lowest trading level at $0.88.
Ratios:
For a better understanding of TPST, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.69 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 1.55 whereas as Long-Term Debt/Eq ratio is at 0.73.
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, Scotiabank on March 14, 2024, initiated with a Sector Outperform rating and assigned the stock a target price of $13.
On February 08, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 12 ’24 when Versant Venture Capital VI, L. bought 387,999 shares for $1.10 per share.
Versant Venture Capital VI, L. sold 400,000 shares of TPST for $540,040 on Aug 08 ’24. The 10% Owner now owns 597,940 shares after completing the transaction at $1.35 per share. On Aug 12 ’24, another insider, Versant Venture Capital VI, L., who serves as the 10% Owner of the company, sold 387,999 shares for $1.10 each. As a result, the insider received 426,993 and left with 209,941 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TPST now has a Market Capitalization of 38693088 and an Enterprise Value of 13496852.
Stock Price History:
Over the past 52 weeks, TPST has reached a high of $6.00, while it has fallen to a 52-week low of $0.70. The 50-Day Moving Average of the stock is -1.58%, while the 200-Day Moving Average is calculated to be -52.00%.
Shares Statistics:
Over the past 3-months, TPST traded about 2.19M shares per day on average, while over the past 10 days, TPST traded about 1677730 shares per day. A total of 43.64M shares are outstanding, with a floating share count of 39.62M. Insiders hold about 9.21% of the company’s shares, while institutions hold 5.50% stake in the company. Shares short for TPST as of 1730332800 were 2638101 with a Short Ratio of 1.19, compared to 1727654400 on 1861925. Therefore, it implies a Short% of Shares Outstanding of 2638101 and a Short% of Float of 12.620000000000001.
