In the latest session, Tango Therapeutics Inc (NASDAQ: TNGX) closed at $7.47 down -2.99% from its previous closing price of $7.70. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 511245 shares were traded.
Ratios:
For a deeper understanding of Tango Therapeutics Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 7.54 and its Current Ratio is at 7.54. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.15.
On February 12, 2024, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $18.
On December 08, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $16.B. Riley Securities initiated its Buy rating on December 08, 2023, with a $16 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 20 ’24 when Third Rock Ventures IV, L.P. sold 162,500 shares for $12.00 per share. The transaction valued at 1,950,000 led to the insider holds 19,201,475 shares of the business.
Weber Barbara sold 4,457 shares of TNGX for $56,246 on Feb 07 ’24. The Chief Executive Officer now owns 1,535,167 shares after completing the transaction at $12.62 per share. On Feb 07 ’24, another insider, Crystal Adam, who serves as the insider of the company, sold 4,083 shares for $12.62 each. As a result, the insider received 51,527 and left with 119,478 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 820.66M and an Enterprise Value of 522.70M. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.82 while its Price-to-Book (P/B) ratio in mrq is 3.02. Its current Enterprise Value per Revenue stands at 14.31 whereas that against EBITDA is -4.68.
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 $2.47. The 50-Day Moving Average of the stock is 10.32, while the 200-Day Moving Average is calculated to be 8.29.
Shares Statistics:
For the past three months, TNGX has traded an average of 712.96K shares per day and 705.03k over the past ten days. A total of 102.20M shares are outstanding, with a floating share count of 52.47M. Insiders hold about 50.83% of the company’s shares, while institutions hold 52.42% stake in the company. Shares short for TNGX as of Mar 15, 2024 were 8.88M with a Short Ratio of 14.29, compared to 9.58M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.33% and a Short% of Float of 14.28%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.31 for the current quarter, with a high estimate of -$0.28 and a low estimate of -$0.33, while EPS last year was -$0.32. The consensus estimate for the next quarter is -$0.32, with high estimates of -$0.3 and low estimates of -$0.35.
Analysts are recommending an EPS of between -$1.18 and -$1.44 for the fiscal current year, implying an average EPS of -$1.29. EPS for the following year is -$1.39, with 7 analysts recommending between -$1.18 and -$1.62.
