The Vanguard Group, Inc. has recently announced that it has increased stake in Alaunos Therapeutics Inc (NASDAQ:TCRT) by 3.62%. After grabbing 9.36 million shares, the institutional investor is now in possession of 0.33 million shares of the Healthcare Company. The new investment brought the stake of investor firm to 3.89% having worth around $0.62 million. Moreover, Securities America Advisors, Inc. increased its share by 1300.0 to have a control over 0.61 million shares.
Alaunos Therapeutics Inc (TCRT) concluded trading on 12/27/23 at a closing price of $0.05, with 3.49 million shares of worth about $0.17 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -87.21% during that period and on Wednesday the price saw a gain of about 4.17%. Currently the company’s common shares owned by public are about 240.41M shares, out of which, 229.69M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 1 analysts are covering the TCRT stock and their offered price forecasts bring an average price target of $7.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.50 and could fall to a lowest price of $7.50. The stock’s current price level is 99.33% above of average price target set by the analysts, while a rise to estimated low would result in gain of 99.33% for the stock. However, touching the estimated high of $7.50 would mean a gain of 99.33% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 1 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 1 selling transactions, insiders dumped 68,014 shares.
Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and JPMorgan Funds – Thematics – Gene are the top 3 mutual funds which are holding stakes in Alaunos Therapeutics Inc Vanguard Total Stock Market ETF is currently holding 6.06 million shares of worth totaling $0.4 million. The company recently came buying 0.0 shares which brought its stake up to 2.52% of the company’s outstanding shares. JPMorgan Funds – Thematics – Gene, after selling 2.51 million shares, have now control over 1.04% of the stake in the company. It holds -1.7 million shares of worth $0.17 million.
However, the stock later moved at a day high price of 0.0550, or with a gain of 4.17%. Stock saw a price change of 8.48% in past 5 days and over the past one month there was a price change of -12.56%. Year-to-date (YTD), TCRT shares are showing a performance of -91.53% which decreased to -90.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.04 but also hit the highest price of $0.86 during that period. The average intraday trading volume for Alaunos Therapeutics Inc shares is 5.08 million. The stock is currently trading -2.32% below its 20-day simple moving average (SMA20), while that difference is down -26.48% for SMA50 and it goes to -82.90% lower than SMA200.
The Vanguard Group, Inc. acquired 9.36 million shares of Alaunos Therapeutics Inc having value of about $0.62 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.33 million shares in the company valued at close to $16353.9, or have control over 3.62% stake in the company. Alaunos Therapeutics Inc (NASDAQ: TCRT) currently have 240.41M outstanding shares and institutions hold larger chunk of about 22.68% of that. Holding of mutual funds in the company is about 20.19% while other institutional holders and individual stake holders have control over 6.64% and 16.04% of the stake respectively.
The stock has a current market capitalization of $13.23M and its 3Y-monthly beta is at -0.23. It has posted earnings per share of -$0.15 in the same period. It has Quick Ratio of 2.75 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCRT, volatility over the week remained 10.05% while standing at 13.38% over the month.
Analysts are in expectations that Alaunos Therapeutics Inc (TCRT) stock would likely to be making an EPS of -$0.03 in the current quarter, while forecast for next quarter EPS is -$0.03 and it is -$0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.03 which is -$0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 11.76% while it is estimated to increase by 73.33% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Alaunos Therapeutics Inc (TCRT)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 1 Wall Street analysts, 0 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on October 04, 2022 offering an Overweight rating for the stock and assigned a target price of $3 to it.
