Look For Institutional Buying In Transphorm Inc (NASDAQ: TGAN)

Transphorm Inc (TGAN) concluded trading on 01/11/24 at a closing price of $4.77, with 7.59 million shares of worth about $36.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.38% during that period and on Thursday the price saw a gain of about 25.86%. Currently the company’s common shares owned by public are about 57.05M shares, out of which, 25.23M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 25 times over the past 12 months. They bought 2,530,507 shares in 22 of the transactions. In 3 selling transactions, insiders dumped 37,325 shares.

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Transphorm Inc (NASDAQ: TGAN) started trading at $4.79, above $1.0 from concluding price of the previous day. However, the stock later moved at a day high price of 4.8000, or with a gain of 25.86%. Stock saw a price change of 22.62% in past 5 days and over the past one month there was a price change of 73.45%. Year-to-date (YTD), TGAN shares are showing a performance of 30.68% which decreased to -2.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.94 but also hit the highest price of $5.54 during that period. The average intraday trading volume for Transphorm Inc shares is 63.88K. The stock is currently trading 34.44% above its 20-day simple moving average (SMA20), while that difference is up 54.83% for SMA50 and it goes to 54.23% higher than SMA200.

Transphorm Inc (NASDAQ: TGAN) currently have 57.05M outstanding shares and institutions hold larger chunk of about 26.38% of that.

The stock has a current market capitalization of $295.74M and its 3Y-monthly beta is at 0.43. It has posted earnings per share of -$0.68 in the same period. It has Quick Ratio of 1.46 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGAN, volatility over the week remained 2.94% while standing at 5.92% over the month.

Stock’s fiscal year EPS is expected to rise by 22.73% while it is estimated to increase by 15.69% in next year. EPS is likely to grow at an annualized rate of 20.00% for next 5-years, compared to annual growth of -65.07% made by the stock over the past 5-years.

Analysts at 3 brokerage firms have issued recommendations for the Transphorm Inc (TGAN)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.67. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

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