The Vanguard Group, Inc. recently announced the acquisition of new stake in Alaunos Therapeutics Inc (NASDAQ:TCRT). The institutional investor has increased its shareholding in the Healthcare company by 3.62% to 9.36 million shares with purchase of 0.33 million shares. This fresh investment now brings its stake to 3.89% valued currently at $0.62 million. In addition, Securities America Advisors, Inc. raised its holdings by 1300.0 to 0.61 million shares.
With over 10.7 million Alaunos Therapeutics Inc (TCRT) shares trading Monday and a closing price of $0.15 on the day, the dollar volume was approximately $1.6 million. The shares have shown a negative half year performance of -68.31% and its price on 01/08/24 gained nearly 15.11%. Currently, there are 240.41M common shares owned by the public and among those 229.69M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for TCRT have a consensus price objective of $7.50. The analysts have set the share’s price value over the next 12 months at a high of $7.50 and a low of $7.50. The average price target is 98.0% above its recent price level and an upside to the estimated low will see the stock gain 98.0% over that period. But an upside of 98.0% will see the stock hit the forecast high price target while median target price for the stock is $7.50.
Insiders at the company have transacted a total of 1 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 68,014 shares.
The top 3 mutual fund holders in Alaunos Therapeutics Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and JPMorgan Funds – Thematics – Gene. Vanguard Total Stock Market ETF owns 6.06 million shares of the company’s stock, all valued at over $0.4 million. JPMorgan Funds – Thematics – Gene sold -1.7 million shares to bring its total holdings to over 2.51 million shares at a value of $0.17 million. JPMorgan Funds – Thematics – Gene now owns shares totaling to 1.04% of the shares outstanding.
Shares of Alaunos Therapeutics Inc (NASDAQ: TCRT) opened at $0.1455, up $0.02 from a prior closing price of $0.13. However, the script later moved the day high at 0.1685, up 15.11%. The company’s stock has a 5-day price change of 113.30% and 35.61% over the past three months. TCRT shares are trading 113.30% year to date (YTD), with the 12-month market performance down to -78.22% lower. It has a 12-month low price of $0.04 and touched a high of $0.86 over the same period. TCRT has an average intraday trading volume of 6.34 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 132.70%, 108.84%, and -50.99% respectively.
Institutional ownership of Alaunos Therapeutics Inc (NASDAQ: TCRT) shares accounts for 22.68% of the company’s 240.41M shares outstanding. Mutual fund holders own 20.19%, while other institutional holders and individual stakeholders account for 6.71% and 15.97% respectively.
It has a market capitalization of $36.29M and a beta (3y monthly) value of -0.40. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 42.64% over the week and 22.96% over the month.
Analysts forecast that Alaunos Therapeutics Inc (TCRT) will achieve an EPS of $Cross Timbers Royalty Trust for the current quarter, $17.42 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $TScan Therapeutics, Inc. while analysts give the company a high EPS estimate of $Recruiter.com Group, Inc.. Comparatively, EPS for the current quarter was $Trio-Tech International a year ago. Earnings per share for the fiscal year are expected to increase by 11.76%, and 73.33% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Alaunos Therapeutics Inc (TCRT) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TCRT, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on October 04, 2022, with the firm’s price target at $3.
