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After finishing at $7.36 in the prior trading day, Tango Therapeutics Inc (NASDAQ: TNGX) closed at $7.47, up 1.49%. In other words, the price has increased by $1.49 from its previous closing price. On the day, 0.58 million shares were traded. TNGX stock price reached its highest trading level at $7.55 during the session, while it also had its lowest trading level at $7.2.
Ratios:
Our goal is to gain a better understanding of TNGX by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 13 ’24 when Third Rock Ventures IV, L.P. sold 67,400 shares for $10.53 per share. The transaction valued at 709,756 led to the insider holds 16,859,075 shares of the business.
Third Rock Ventures IV, L.P. bought 67,400 shares of TNGX for $707,700 on Sep 13 ’24. On Sep 05 ’24, another insider, Third Rock Ventures IV, L.P., who serves as the 10% Owner of the company, sold 75,000 shares for $11.56 each. As a result, the insider received 867,135 and left with 16,926,475 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 800365632 and an Enterprise Value of 516095168. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.83 while its Price-to-Book (P/B) ratio in mrq is 3.23. Its current Enterprise Value per Revenue stands at 12.141 whereas that against EBITDA is -3.971.
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 $5.15. The 50-Day Moving Average of the stock is -22.94%, while the 200-Day Moving Average is calculated to be -20.42%.
Shares Statistics:
The stock has traded on average 918.83K shares per day over the past 3-months and 1289000 shares per day over the last 10 days, according to various share statistics. 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 1726185600 were 10449794 with a Short Ratio of 11.37, compared to 1723680000 on 10115184. Therefore, it implies a Short% of Shares Outstanding of 10449794 and a Short% of Float of 18.0.
