Market Highlights: Taysha Gene Therapies Inc (TSHA) Ends on a Low Note at 2.07

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The price of Taysha Gene Therapies Inc (NASDAQ: TSHA) closed at $2.07 in the last session, down -1.43% from day before closing price of $2.10. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 1.01 million shares were traded. TSHA stock price reached its highest trading level at $2.15 during the session, while it also had its lowest trading level at $2.07.

Ratios:

We take a closer look at TSHA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.20 and its Current Ratio is at 5.20. In the meantime, Its Debt-to-Equity ratio is 0.53 whereas as Long-Term Debt/Eq ratio is at 0.51.

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, BMO Capital Markets on June 27, 2024, initiated with a Outperform rating and assigned the stock a target price of $5.

On April 09, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $9.

Jefferies Downgraded its Buy to Hold on February 01, 2023, whereas the target price for the stock was revised from $14 to $1.50.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 27 ’24 when Manning Paul B bought 1,333,333 shares for $2.25 per share. The transaction valued at 2,999,999 led to the insider holds 1,333,333 shares of the business.

Manning Paul B bought 100,000 shares of TSHA for $163,000 on Nov 17 ’23. The 10% Owner now owns 16,566,667 shares after completing the transaction at $1.63 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TSHA now has a Market Capitalization of 424232000 and an Enterprise Value of 309792640. For the stock, the TTM Price-to-Sale (P/S) ratio is 32.96 while its Price-to-Book (P/B) ratio in mrq is 3.83. Its current Enterprise Value per Revenue stands at 24.065 whereas that against EBITDA is -4.092.

Stock Price History:

Over the past 52 weeks, TSHA has reached a high of $4.32, while it has fallen to a 52-week low of $1.27. The 50-Day Moving Average of the stock is -5.01%, while the 200-Day Moving Average is calculated to be -11.84%.

Shares Statistics:

According to the various share statistics, TSHA traded on average about 1.96M shares per day over the past 3-months and 2188220 shares per day over the past 10 days. A total of 186.96M shares are outstanding, with a floating share count of 158.49M. Insiders hold about 22.67% of the company’s shares, while institutions hold 72.80% stake in the company. Shares short for TSHA as of 1726185600 were 19827995 with a Short Ratio of 10.13, compared to 1723680000 on 20783690. Therefore, it implies a Short% of Shares Outstanding of 19827995 and a Short% of Float of 12.770000000000001.

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