Look For Institutional Buying In TG Therapeutics Inc (NASDAQ: TGTX)

TG Therapeutics Inc (TGTX) concluded trading on Wednesday at a closing price of $13.82, with 3.06 million shares of worth about $42.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 103.24% during that period and on April 17, 2024 the price saw a loss of about -1.29%. Currently the company’s common shares owned by public are about 151.42M shares, out of which, 139.66M shares are available for trading.

However, the stock later moved at a day high price of 14.87, or with a loss of -1.29%. Stock saw a price change of -6.05% in past 5 days and over the past one month there was a price change of -8.17%. Year-to-date (YTD), TGTX shares are showing a performance of -19.09% which decreased to -32.75% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.46 but also hit the highest price of $35.67 during that period. The average intraday trading volume for TG Therapeutics Inc shares is 3.57 million. The stock is currently trading -7.18% below its 20-day simple moving average (SMA20), while that difference is down -9.00% for SMA50 and it goes to -0.63% lower than SMA200.

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TG Therapeutics Inc (NASDAQ: TGTX) currently have 151.42M outstanding shares and institutions hold larger chunk of about 58.81% of that.

The stock has a current market capitalization of $2.13B and its 3Y-monthly beta is at 2.32. PE ratio of stock for trailing 12 months is 980.14, while it has posted earnings per share of $0.01 in the same period. It has Quick Ratio of 5.18 while making debt-to-equity ratio of 0.69. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGTX, volatility over the week remained 4.30% while standing at 3.93% over the month.

Stock’s fiscal year EPS is expected to drop by -261.11% while it is estimated to increase by 407.39% in next year.

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 Goldman on August 02, 2023 offering a Neutral rating for the stock and assigned a target price range of between $16 and $12 to it. Coverage by Jefferies stated TG Therapeutics Inc (TGTX) stock as a Buy in their note to investors on June 26, 2023, suggesting a price target of $40 for the stock. On May 20, 2022, BofA Securities Initiated their recommendations, while on February 23, 2022, B. Riley Securities Reiterated their ratings for the stock with a price target of $35. Stock get a Sell rating from Goldman on November 15, 2021.

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