Market Update: Tonix Pharmaceuticals Holding Corp (TNXP) Sees Negative Movement, Closing at 0.17

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

In the latest session, Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) closed at $0.17 down -0.35% from its previous closing price of $0.17. In other words, the price has decreased by -$0.35 from its previous closing price. On the day, 1.5 million shares were traded. TNXP stock price reached its highest trading level at $0.176 during the session, while it also had its lowest trading level at $0.1707.

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 1.78 and its Current Ratio is at 2.53. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.07.

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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TNXP now has a Market Capitalization of 16347545 and an Enterprise Value of -678613. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 0.10. Its current Enterprise Value per Revenue stands at -0.087 whereas that against EBITDA is 0.006.

Stock Price History:

Over the past 52 weeks, TNXP has reached a high of $2.13, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -28.77%, while the 200-Day Moving Average is calculated to be -65.87%.

Shares Statistics:

For the past three months, TNXP has traded an average of 2.40M shares per day and 1748490 over the past ten days. A total of 84.49M shares are outstanding, with a floating share count of 84.49M. Insiders hold about 0.01% of the company’s shares, while institutions hold 20.44% stake in the company. Shares short for TNXP as of 1714435200 were 1595492 with a Short Ratio of 0.67, compared to 1711584000 on 1253951. Therefore, it implies a Short% of Shares Outstanding of 1595492 and a Short% of Float of 1.67.

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