Sabby Management LLC recently announced the acquisition of new stake in Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP). The institutional investor has increased its shareholding in the Healthcare company by 317.27% to 5.21 million shares with purchase of 3.96 million shares. This fresh investment now brings its stake to 21.83% valued currently at $2.7 million. In addition, Armistice Capital LLC raised its holdings by 1.45 million to 1.45 million shares. And Renaissance Technologies LLC has lifted its position by 5.91% or 12490.0 shares – to 0.22 million shares.
With over 4.89 million Tonix Pharmaceuticals Holding Corp (TNXP) shares trading Tuesday and a closing price of $0.32 on the day, the dollar volume was approximately $1.57 million. The shares have shown a negative half year performance of -81.57% and its price on 01/09/24 lost nearly -10.17%. Currently, there are 58.61M common shares owned by the public and among those 58.60M shares have been available to trade.
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Insiders at the company have transacted a total of 0 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 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Tonix Pharmaceuticals Holding Corp are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 0.3 million shares of the company’s stock, all valued at over $0.15 million. Vanguard Extended Market Index Fu bought 4500.0 shares to see its total holdings expand to 0.11 million shares valued at over $54568.0 and representing 0.44% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.30% of the shares outstanding.
Shares of Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) opened at $0.355, up $0.01 from a prior closing price of $0.35. However, the script later moved the day high at 0.3599, down -10.17%. The company’s stock has a 5-day price change of -23.69% and -44.05% over the past three months. TNXP shares are trading -20.87% year to date (YTD), with the 12-month market performance down to -92.50% lower. It has a 12-month low price of $0.33 and touched a high of $9.81 over the same period. TNXP has an average intraday trading volume of 1.26 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 -26.49%, -32.06%, and -77.04% respectively.
Institutional ownership of Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) shares accounts for 13.11% of the company’s 58.61M shares outstanding. Mutual fund holders own 2.26%, while other institutional holders and individual stakeholders account for 29.97% and — respectively.
It has a market capitalization of $18.69M and a beta (3y monthly) value of 2.25. The earnings-per-share (ttm) stands at -$11.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.59% over the week and 15.76% over the month.
Analysts forecast that Tonix Pharmaceuticals Holding Corp (TNXP) will achieve an EPS of -$1.33 for the current quarter, -$1.1 for the next quarter and -$3.59 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.64 while analysts give the company a high EPS estimate of -$0.9. Comparatively, EPS for the current quarter was -$3.5 a year ago. Earnings per share for the fiscal year are expected to increase by 59.05%, and 62.29% 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 Tonix Pharmaceuticals Holding Corp (TNXP) as a “Strong Buy” at a consensus score of 1.00. 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.”
