Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Tarsus Pharmaceuticals Inc (NASDAQ: TARS) was $52.70 for the day, down -1.05% from the previous closing price of $53.26. In other words, the price has decreased by -$1.05 from its previous closing price. On the day, 0.81 million shares were traded. TARS stock price reached its highest trading level at $56.77 during the session, while it also had its lowest trading level at $51.84.
Ratios:
Our analysis of TARS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.38 and its Current Ratio is at 5.42. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.30.
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, Goldman on November 20, 2023, initiated with a Neutral rating and assigned the stock a target price of $19.
On July 18, 2023, William Blair started tracking the stock assigning a Outperform rating and target price of $44.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 12 ’24 when LINK WILLIAM J PHD sold 35,000 shares for $26.08 per share. The transaction valued at 912,961 led to the insider holds 0 shares of the business.
FLYING L PARTNERS XI LLC bought 35,000 shares of TARS for $939,750 on Aug 12 ’24. On Jun 18 ’24, another insider, Farrow Jeffrey S, who serves as the insider of the company, sold 10,445 shares for $27.47 each. As a result, the insider received 286,924 and left with 18,136 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, TARS now has a Market Capitalization of 2014557696 and an Enterprise Value of 1769315200. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.54 while its Price-to-Book (P/B) ratio in mrq is 8.48. Its current Enterprise Value per Revenue stands at 13.65 whereas that against EBITDA is -12.687.
Stock Price History:
Over the past 52 weeks, TARS has reached a high of $54.44, while it has fallen to a 52-week low of $18.44. The 50-Day Moving Average of the stock is 15.79%, while the 200-Day Moving Average is calculated to be 51.61%.
Shares Statistics:
TARS traded an average of 697.39K shares per day over the past three months and 488830 shares per day over the past ten days. A total of 38.20M shares are outstanding, with a floating share count of 32.58M. Insiders hold about 14.76% of the company’s shares, while institutions hold 109.14% stake in the company. Shares short for TARS as of 1732838400 were 7180505 with a Short Ratio of 10.30, compared to 1730332800 on 8157528. Therefore, it implies a Short% of Shares Outstanding of 7180505 and a Short% of Float of 19.469998999999998.
