Market Insight: Tonix Pharmaceuticals Holding Corp (TNXP)’s Notable Drop, Closing at 9.17

The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.

In the latest session, Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) closed at $9.17 down -5.17% from its previous closing price of $9.67. In other words, the price has decreased by -$5.17 from its previous closing price. On the day, 0.61 million shares were traded.

Ratios:

For a deeper understanding of Tonix Pharmaceuticals Holding Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 3.33. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.08.

On April 18, 2019, ROTH Capital Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $4.

ROTH Capital Upgraded its Neutral to Buy on August 18, 2017, while the target price for the stock was maintained at $6.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 4.54 while its Price-to-Book (P/B) ratio in mrq is 19.23.

Stock Price History:

Over the past 52 weeks, TNXP has reached a high of $1244.80, while it has fallen to a 52-week low of $9.40. The 50-Day Moving Average of the stock is -66.51%, while the 200-Day Moving Average is calculated to be -90.64%.

Shares Statistics:

A total of 155.63M shares are outstanding, with a floating share count of 5.59M. Insiders hold about 0.00% of the company’s shares, while institutions hold 3.13% stake in the company.

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