Better Times Ahead For TG Therapeutics Inc (NASDAQ: TGTX)?

TG Therapeutics Inc (TGTX) concluded trading on Thursday at a closing price of $21.83, with 2.33 million shares of worth about $50.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.90% during that period and on October 10, 2024 the price saw a loss of about -0.30%. Currently the company’s common shares owned by public are about 151.42M shares, out of which, 137.98M shares are available for trading.

Stock saw a price change of -1.62% in past 5 days and over the past one month there was a price change of -5.37%. Year-to-date (YTD), TGTX shares are showing a performance of 27.81% which increased to 194.60% 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 $26.41 during that period. The average intraday trading volume for TG Therapeutics Inc shares is 3.61 million. The stock is currently trading -6.28% below its 20-day simple moving average (SMA20), while that difference is down -3.39% for SMA50 and it goes to 20.61% higher than SMA200.

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TG Therapeutics Inc (NASDAQ: TGTX) currently have 151.42M outstanding shares and institutions hold larger chunk of about 59.30% of that.

The stock has a current market capitalization of $3.38B and its 3Y-monthly beta is at 2.21. PE ratio of stock for trailing 12 months is 36.38, while it has posted earnings per share of $0.60 in the same period. It has Quick Ratio of 2.83 while making debt-to-equity ratio of 0.63. 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 5.08% while standing at 4.80% over the month.

Stock’s fiscal year EPS is expected to drop by -41.65% while it is estimated to increase by 1315.97% 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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