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As of close of business last night, Tango Therapeutics Inc’s stock clocked out at $3.92, up 7.99% from its previous closing price of $3.63. In other words, the price has increased by $7.99 from its previous closing price. On the day, 1.27 million shares were traded. TNGX stock price reached its highest trading level at $3.95 during the session, while it also had its lowest trading level at $3.4301.
Ratios:
To gain a deeper understanding of TNGX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 8.00 and its Current Ratio is at 8.00. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.15.
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, Jefferies on July 17, 2024, initiated with a Buy rating and assigned the stock a target price of $19.
On February 12, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $18.Piper Sandler initiated its Overweight rating on February 12, 2024, with a $18 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 18 ’24 when Rothenberg Mace bought 10,000 shares for $3.78 per share. The transaction valued at 37,800 led to the insider holds 31,250 shares of the business.
Rothenberg Mace bought 10,000 shares of TNGX for $36,200 on Nov 14 ’24. The Director now owns 21,250 shares after completing the transaction at $3.62 per share. On Nov 06 ’24, another insider, EcoR1 Capital, LLC, who serves as the 10% Owner of the company, sold 1,494,558 shares for $3.28 each. As a result, the insider received 4,896,023 and left with 11,836,178 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, TNGX now has a Market Capitalization of 421078560 and an Enterprise Value of 165425840. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.48 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 3.813 whereas that against EBITDA is -1.206.
Stock Price History:
Over the past 52 weeks, TNGX has reached a high of $13.01, while it has fallen to a 52-week low of $2.70. The 50-Day Moving Average of the stock is -35.30%, while the 200-Day Moving Average is calculated to be -52.87%.
Shares Statistics:
It appears that TNGX traded 1.81M shares on average per day over the past three months and 3082040 shares per day over the past ten days. A total of 102.20M shares are outstanding, with a floating share count of 49.37M. Insiders hold about 44.22% of the company’s shares, while institutions hold 56.77% stake in the company. Shares short for TNGX as of 1730332800 were 9084727 with a Short Ratio of 5.02, compared to 1727654400 on 10813285. Therefore, it implies a Short% of Shares Outstanding of 9084727 and a Short% of Float of 15.58.
