For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Protara Therapeutics Inc (NASDAQ: TARA) was $3.52 for the day, down -1.40% from the previous closing price of $3.57. In other words, the price has decreased by -$1.40 from its previous closing price. On the day, 0.68 million shares were traded.
Ratios:
Our analysis of TARA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 9.85 and its Current Ratio is at 9.85. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
On June 04, 2021, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $40.
On February 17, 2021, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $43.Oppenheimer initiated its Outperform rating on February 17, 2021, with a $43 target price.
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 Sep 12 ’24 when Opaleye Management Inc. sold 126,301 shares for $1.71 per share. The transaction valued at 215,836 led to the insider holds 45,000 shares of the business.
Opaleye Management Inc. sold 32,600 shares of TARA for $55,880 on Sep 11 ’24. The 10% Owner now owns 51,500 shares after completing the transaction at $1.71 per share. On Sep 09 ’24, another insider, Opaleye Management Inc., who serves as the 10% Owner of the company, sold 36,492 shares for $1.89 each. As a result, the insider received 69,141 and left with 54,600 shares of the company.
Stock Price History:
Over the past 52 weeks, TARA has reached a high of $10.48, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is -28.46%, while the 200-Day Moving Average is calculated to be 16.17%.
Shares Statistics:
A total of 34.32M shares are outstanding, with a floating share count of 30.66M. Insiders hold about 10.67% of the company’s shares, while institutions hold 80.47% stake in the company.
