The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $45.71 in the prior trading day, Tenable Holdings Inc (NASDAQ: TENB) closed at $44.38, down -2.91%. In other words, the price has decreased by -$2.91 from its previous closing price. On the day, 0.87 million shares were traded. TENB stock price reached its highest trading level at $45.78 during the session, while it also had its lowest trading level at $44.36.
Ratios:
Our goal is to gain a better understanding of TENB by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.18.
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, Needham on February 07, 2024, Reiterated its Buy rating but revised its target price to $62 from $56 previously.
On January 09, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight and also upped its target price recommendation from $46 to $60.
On December 15, 2023, Susquehanna started tracking the stock assigning a Positive rating and target price of $55.Susquehanna initiated its Positive rating on December 15, 2023, with a $55 target price.
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 Mar 28 ’24 when Vintz Stephen A sold 15,505 shares for $49.56 per share. The transaction valued at 768,362 led to the insider holds 257,924 shares of the business.
Vintz Stephen A sold 11,586 shares of TENB for $568,988 on Mar 21 ’24. The Chief Financial Officer now owns 257,924 shares after completing the transaction at $49.11 per share. On Mar 20 ’24, another insider, Vintz Stephen A, who serves as the Chief Financial Officer of the company, sold 78,409 shares for $49.07 each. As a result, the insider received 3,847,530 and left with 257,924 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, TENB now has a Market Capitalization of 5269814272 and an Enterprise Value of 5184169472. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.56 while its Price-to-Book (P/B) ratio in mrq is 15.01. Its current Enterprise Value per Revenue stands at 6.491 whereas that against EBITDA is -467.843.
Stock Price History:
Over the past 52 weeks, TENB has reached a high of $53.50, while it has fallen to a 52-week low of $33.85. The 50-Day Moving Average of the stock is -7.84%, while the 200-Day Moving Average is calculated to be -1.36%.
Shares Statistics:
The stock has traded on average 973.78K shares per day over the past 3-months and 701620 shares per day over the last 10 days, according to various share statistics. A total of 117.15M shares are outstanding, with a floating share count of 116.13M. Insiders hold about 1.69% of the company’s shares, while institutions hold 89.52% stake in the company. Shares short for TENB as of 1711584000 were 4940096 with a Short Ratio of 5.07, compared to 1709164800 on 5061896. Therefore, it implies a Short% of Shares Outstanding of 4940096 and a Short% of Float of 4.25.
Earnings Estimates
A comprehensive evaluation of Tenable Holdings Inc (TENB) is underway, with the input of Enbridge Inc analysts contributing to its current rating.The consensus estimate for the next quarter is $44.38, with high estimates of $2.22 and low estimates of $3.59.
Analysts are recommending an EPS of between $Healthcare and $Healthcare for the fiscal current year, implying an average EPS of $Technology.
