Tango Therapeutics Inc (TNGX) concluded trading on Wednesday at a closing price of $3.24, with 14.88 million shares of worth about $48.2 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -59.04% during that period and on November 06, 2024 the price saw a loss of about -37.45%. Currently the company’s common shares owned by public are about 102.20M shares, out of which, 59.11M shares are available for trading.
Stock saw a price change of -43.26% in past 5 days and over the past one month there was a price change of -52.98%. Year-to-date (YTD), TNGX shares are showing a performance of -67.27% which decreased to -61.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.93 but also hit the highest price of $13.01 during that period. The average intraday trading volume for Tango Therapeutics Inc shares is 1.05 million. The stock is currently trading -47.25% below its 20-day simple moving average (SMA20), while that difference is down -58.15% for SMA50 and it goes to -63.36% lower than SMA200.
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Tango Therapeutics Inc (NASDAQ: TNGX) currently have 102.20M outstanding shares and institutions hold larger chunk of about 56.79% of that.
The stock has a current market capitalization of $347.15M and its 3Y-monthly beta is at 0.88. It has posted earnings per share of -$1.13 in the same period. It has Quick Ratio of 7.49 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TNGX, volatility over the week remained 11.62% while standing at 8.39% over the month.
Stock’s fiscal year EPS is expected to drop by -18.52% while it is estimated to decrease by -14.53% 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 Jefferies on July 17, 2024 offering a Buy rating for the stock and assigned a target price of $19 to it. On February 12, 2024, Piper Sandler Initiated their recommendations, while on December 08, 2023, B. Riley Securities Initiated their ratings for the stock with a price target of $16. Stock get a Buy rating from H.C. Wainwright on October 20, 2022.
