After finishing at $6.16 in the prior trading day, Terns Pharmaceuticals Inc (NASDAQ: TERN) closed at $6.56, up 6.49%. In other words, the price has increased by $+0.40 from its previous closing price. On the day, 1229367 shares were traded.
Ratios:
Our goal is to gain a better understanding of TERN by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 22.39 and its Current Ratio is at 22.39. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Mizuho on June 22, 2023, initiated with a Buy rating and assigned the stock a target price of $16.
On June 07, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $18.
On May 31, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $23.ROTH MKM initiated its Buy rating on May 31, 2023, with a $23 target price.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TERN now has a Market Capitalization of 423.95M and an Enterprise Value of 161.12M. Its current Enterprise Value per Revenue stands at 337.47 whereas that against EBITDA is -1.58.
Stock Price History:
Over the past 52 weeks, TERN has reached a high of $14.04, while it has fallen to a 52-week low of $3.26. The 50-Day Moving Average of the stock is 6.59, while the 200-Day Moving Average is calculated to be 6.33.
Shares Statistics:
The stock has traded on average 818.86K shares per day over the past 3-months and 806.88k shares per day over the last 10 days, according to various share statistics. A total of 64.58M shares are outstanding, with a floating share count of 39.60M. Insiders hold about 38.75% of the company’s shares, while institutions hold 76.31% stake in the company. Shares short for TERN as of Mar 15, 2024 were 4.23M with a Short Ratio of 5.16, compared to 4.36M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.54% and a Short% of Float of 9.83%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of -$0.34 for the current quarter, with a high estimate of -$0.29 and a low estimate of -$0.41, while EPS last year was -$0.31. The consensus estimate for the next quarter is -$0.35, with high estimates of -$0.3 and low estimates of -$0.43.
Analysts are recommending an EPS of between -$1.17 and -$1.5 for the fiscal current year, implying an average EPS of -$1.35. EPS for the following year is -$1.36, with 8 analysts recommending between -$0.92 and -$1.65.
