The price of TRACON Pharmaceuticals Inc (NASDAQ: TCON) closed at $0.39 in the last session, up 7.86% from day before closing price of $0.36. In other words, the price has increased by $+0.0284 from its previous closing price. On the day, 8947583 shares were traded.
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Ratios:
We take a closer look at TCON’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.82. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 0.89.
On February 10, 2021, Maxim Group started tracking the stock assigning a Buy rating and target price of $24.
H.C. Wainwright reiterated its Buy rating for the stock on December 23, 2019, while the target price for the stock was revised from $15 to $18.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 27 ’23 when THEUER CHARLES bought 47,000 shares for $0.75 per share. The transaction valued at 35,250 led to the insider holds 399,417 shares of the business.
THEUER CHARLES bought 3,999 shares of TCON for $2,639 on Apr 26 ’23. The President and CEO now owns 352,417 shares after completing the transaction at $0.66 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TCON now has a Market Capitalization of 16.40M and an Enterprise Value of 8.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47. Its current Enterprise Value per Revenue stands at 0.67 whereas that against EBITDA is 2.15.
Stock Price History:
Over the past 52 weeks, TCON has reached a high of $2.19, while it has fallen to a 52-week low of $0.13. The 50-Day Moving Average of the stock is 0.2133, while the 200-Day Moving Average is calculated to be 0.2470.
Shares Statistics:
According to the various share statistics, TCON traded on average about 3.17M shares per day over the past 3-months and 10.52M shares per day over the past 10 days. A total of 44.27M shares are outstanding, with a floating share count of 41.31M. Insiders hold about 9.23% of the company’s shares, while institutions hold 11.23% stake in the company. Shares short for TCON as of Feb 29, 2024 were 448.68k with a Short Ratio of 0.14, compared to 1.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.00% and a Short% of Float of 1.01%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.06, while EPS last year was -$0.36. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.2 and -$0.26 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.07, with 2 analysts recommending between -$0.06 and -$0.08.
