Tyme Technologies Inc. (NASDAQ: TYME) Loses -46.57% From High. Why That Could Change?


BlackRock Fund Advisors recently announced the acquisition of new stake in Tyme Technologies Inc. (NASDAQ:TYME). The institutional investor has increased its shareholding in the Healthcare company by 4.39% to 3.82 million shares with purchase of 0.16 million shares. This fresh investment now brings its stake to 3.01% valued currently at $4.54 million. In addition, The Vanguard Group, Inc. raised its holdings by 32343.0 to 2.39 million shares.

With over 1.54 million Tyme Technologies Inc. (TYME) shares trading Friday and a closing price of $1.09 on the day, the dollar volume was approximately $1.68 million. The shares have shown a negative weekly performance of -8.40% and its price on 08/28/20 lost nearly -4.39%. Currently, there are 124.58M common shares owned by the public and among those 61.10M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for TYME have a consensus price objective of $8.75. The analysts have set the share’s price value over the next 12 months at a high of $9.50 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Tyme Technologies Inc. stock is 1.50 for the next 12 months. But an upside of 88.53% will see the stock hit the forecast high price target while mean target price for the stock is $8.75.

Insiders at the company have transacted a total of 66 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 5 of these insider trades were purchases, accounting for 70,000 shares. Insider sales of the common stock occurred on 61 occasions, with total insider shares sold totaling 1,302,475 shares.

The top 3 mutual fund holders in Tyme Technologies Inc. are iShares Russell 2000 ETF, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. iShares Russell 2000 ETF owns 1.43 million shares of the company’s stock, all valued at over $1.7 million. The company sold 66640.0 shares recently to bring their total holdings to about 1.13% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.60% of the shares outstanding.

Shares of Tyme Technologies Inc. (NASDAQ: TYME) opened at $1.14, unchanged from a prior closing price of $1.14. However, the script later closed the day at $1.09, down -4.39%. The company’s stock has a 5-day price change of -8.40% and -26.35% over the past three months. TYME shares are trading -22.14% year to date (YTD), with the 12-month market performance down to -6.03% lower. It has a 12-month low price of $0.86 and touched a high of $2.04 over the same period. Currently, 1.54 million shares have been traded, compared to an average intraday trading volume of 1.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.66%, -14.15%, and -15.36% respectively.

Institutional ownership of Tyme Technologies Inc. (NASDAQ: TYME) shares accounts for 14.10% of the company’s 124.58M shares outstanding. Mutual fund holders own 5.49%, while other institutional holders and individual stakeholders account for 8.54% and 48.83% respectively.

It has a market capitalization of $144.60M and a beta (3y monthly) value of 0.90. The earnings-per-share (ttm) stands at -$0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 18.12% over the week and 9.33% over the month.

Analysts forecast that Tyme Technologies Inc. (TYME) will achieve an EPS of -$0.06 for the current quarter, -$0.07 for the next quarter and -$0.2 for 2022. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 40.40%, and 23.10% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Tyme Technologies Inc. (TYME) as a “Strong Buy” at a consensus score of 1.50. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”


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