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As of close of business last night, Tango Therapeutics Inc’s stock clocked out at $6.64, down -7.13% from its previous closing price of $7.15. In other words, the price has decreased by -$7.13 from its previous closing price. On the day, 0.86 million shares were traded. TNGX stock price reached its highest trading level at $7.12 during the session, while it also had its lowest trading level at $6.49.
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 7.49 and its Current Ratio is at 7.49. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.14.
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 Oct 22 ’24 when Boxer Capital Management, LLC bought 127,600 shares for $7.15 per share.
Boxer Capital Management, LLC bought 500,000 shares of TNGX for $3,730,000 on Oct 21 ’24. On Sep 13 ’24, another insider, Third Rock Ventures IV, L.P., who serves as the 10% Owner of the company, sold 67,400 shares for $10.53 each. As a result, the insider received 709,756 and left with 16,859,075 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 711436160 and an Enterprise Value of 481808928. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.74 while its Price-to-Book (P/B) ratio in mrq is 2.87. Its current Enterprise Value per Revenue stands at 11.334 whereas that against EBITDA is -3.707.
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 $6.33. The 50-Day Moving Average of the stock is -24.99%, while the 200-Day Moving Average is calculated to be -27.22%.
Shares Statistics:
It appears that TNGX traded 926.32K shares on average per day over the past three months and 1006380 shares per day over the past ten days. A total of 102.20M shares are outstanding, with a floating share count of 57.71M. Insiders hold about 46.14% of the company’s shares, while institutions hold 56.76% stake in the company. Shares short for TNGX as of 1727654400 were 10813285 with a Short Ratio of 11.67, compared to 1724976000 on 10214899. Therefore, it implies a Short% of Shares Outstanding of 10813285 and a Short% of Float of 18.63.
