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As of close of business last night, Tango Therapeutics Inc’s stock clocked out at $8.83, down -3.60% from its previous closing price of $9.16. In other words, the price has decreased by -$3.60 from its previous closing price. On the day, 0.63 million shares were traded. TNGX stock price reached its highest trading level at $8.84 during the session, while it also had its lowest trading level at $8.34.
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 8.23 and its Current Ratio is at 8.23. In the meantime, Its Debt-to-Equity ratio is 0.14 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 Aug 01 ’24 when Third Rock Ventures IV, L.P. bought 40,000 shares for $9.45 per share.
Third Rock Ventures IV, L.P. sold 40,000 shares of TNGX for $392,000 on Aug 01 ’24. The 10% Owner now owns 17,486,475 shares after completing the transaction at $9.80 per share. On Jul 31 ’24, another insider, Third Rock Ventures IV, L.P., who serves as the Affiliate of the company, bought 100,000 shares for $9.85 each.
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 943450176 and an Enterprise Value of 638088512. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.34 while its Price-to-Book (P/B) ratio in mrq is 3.56. Its current Enterprise Value per Revenue stands at 17.138 whereas that against EBITDA is -5.159.
Stock Price History:
Over the past 52 weeks, TNGX has reached a high of $13.03, while it has fallen to a 52-week low of $3.18. The 50-Day Moving Average of the stock is 1.67%, while the 200-Day Moving Average is calculated to be -2.34%.
Shares Statistics:
It appears that TNGX traded 750.48K shares on average per day over the past three months and 665120 shares per day over the past ten days. A total of 102.20M shares are outstanding, with a floating share count of 56.78M. Insiders hold about 46.86% of the company’s shares, while institutions hold 56.82% stake in the company. Shares short for TNGX as of 1721001600 were 8490094 with a Short Ratio of 11.31, compared to 1718323200 on 9802512. Therefore, it implies a Short% of Shares Outstanding of 8490094 and a Short% of Float of 14.7.
