Market Momentum Report: Tenaya Therapeutics Inc (TNYA)’s Positive Close at 1.52

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The price of Tenaya Therapeutics Inc (NASDAQ: TNYA) closed at $1.52 in the last session, up 7.04% from day before closing price of $1.42. In other words, the price has increased by $7.04 from its previous closing price. On the day, 2.34 million shares were traded. TNYA stock price reached its highest trading level at $1.55 during the session, while it also had its lowest trading level at $1.42.

Ratios:

We take a closer look at TNYA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.27 and its Current Ratio is at 5.27. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.10.

On November 30, 2023, Leerink Partners started tracking the stock assigning a Outperform rating and target price of $7.

On June 15, 2022, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $25.H.C. Wainwright initiated its Buy rating on June 15, 2022, with a $25 target price.

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 Nov 18 ’24 when Saito Chihiro sold 2,258 shares for $2.12 per share. The transaction valued at 4,787 led to the insider holds 60,983 shares of the business.

Saito Chihiro sold 2,363 shares of TNYA for $6,840 on Aug 16 ’24. The SVP, Accounting and Fin. Ops. now owns 63,241 shares after completing the transaction at $2.89 per share. On Aug 16 ’24, another insider, Tingley Whittemore, who serves as the Chief Medical Officer of the company, sold 7,428 shares for $2.89 each. As a result, the insider received 21,500 and left with 107,106 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, TNYA now has a Market Capitalization of 120415152 and an Enterprise Value of 55484184.

Stock Price History:

Over the past 52 weeks, TNYA has reached a high of $7.01, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -35.21%, while the 200-Day Moving Average is calculated to be -51.10%.

Shares Statistics:

According to the various share statistics, TNYA traded on average about 4.69M shares per day over the past 3-months and 4535170 shares per day over the past 10 days. A total of 79.22M shares are outstanding, with a floating share count of 65.64M. Insiders hold about 17.15% of the company’s shares, while institutions hold 57.31% stake in the company. Shares short for TNYA as of 1734048000 were 16690310 with a Short Ratio of 3.56, compared to 1731628800 on 13122628. Therefore, it implies a Short% of Shares Outstanding of 16690310 and a Short% of Float of 30.159999999999997.

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