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In the latest session, Terns Pharmaceuticals Inc (NASDAQ: TERN) closed at $5.70 down -7.62% from its previous closing price of $6.17. In other words, the price has decreased by -$7.62 from its previous closing price. On the day, 2.02 million shares were traded. TERN stock price reached its highest trading level at $6.21 during the session, while it also had its lowest trading level at $5.57.
Ratios:
For a deeper understanding of Terns Pharmaceuticals Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 32.99 and its Current Ratio is at 32.99. 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, Oppenheimer on October 31, 2024, initiated with a Outperform rating and assigned the stock a target price of $82.
On June 22, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $16.
On June 07, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $18.Jefferies initiated its Buy rating on June 07, 2023, with a $18 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 12 ’24 when Lu Hongbo bought 476,190 shares for $10.50 per share. The transaction valued at 4,999,995 led to the insider holds 476,190 shares of the business.
Vignola Mark J. sold 10,000 shares of TERN for $110,000 on Sep 10 ’24. The Chief Financial Officer now owns 91,940 shares after completing the transaction at $11.00 per share. On Sep 09 ’24, another insider, Quigley Jill M., who serves as the Director of the company, sold 17,235 shares for $10.00 each. As a result, the insider received 172,350 and left with 15,000 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, TERN now has a Market Capitalization of 484151680 and an Enterprise Value of 112554760.
Stock Price History:
Over the past 52 weeks, TERN has reached a high of $11.40, while it has fallen to a 52-week low of $3.59. The 50-Day Moving Average of the stock is -28.41%, while the 200-Day Moving Average is calculated to be -20.18%.
Shares Statistics:
For the past three months, TERN has traded an average of 1.97M shares per day and 1232670 over the past ten days. A total of 64.58M shares are outstanding, with a floating share count of 62.16M. Insiders hold about 26.82% of the company’s shares, while institutions hold 71.53% stake in the company. Shares short for TERN as of 1730332800 were 4539531 with a Short Ratio of 2.31, compared to 1727654400 on 4910848. Therefore, it implies a Short% of Shares Outstanding of 4539531 and a Short% of Float of 5.91.
