TG Therapeutics Inc. (NASDAQ:TGTX) currently has a daily average trading volume of 4.31M but it saw 3474626 shares traded on Thursday. With a market cap of 4.13B USD, stock’s current market price of $27.03 came falling about -3.36 while comparing to the previous closing price of $27.97. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.67 and as low as $3.48. In the recent trading on the day, stock has struck highest price mark of $28.00 while lowest mark touched by it was $25.95.
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Taking a look at 20-day trading activity of TG Therapeutics Inc. (TGTX) gives us an average price of $31.10, while its current price level is -24.22% below from 52-week high level whereas it is 676.72% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $23.25 while that of 200 days or SMA-200 reads an average of $13.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.02% during that period while stretching the period over a month that increases to 7.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.42 which implies that the stock is in neutral territory.
TG Therapeutics Inc. (TGTX)’s stock is currently under the radar of 9 analysts who are in consensus at a 12-month price target range of between $6.00 and $42.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $6.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $42.00. Average price target assigned by them is $30.50 which highlights an upside potential of 11.38% for the stock over that period. And to attain the median price target of $35.00 assigned by those analysts, stock has to add about 22.77% of value to its current levels.
Data by FactSet Research shows that 9 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 7 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, TGTX’s stock price is moving -11.78% down while it is 22.31% when we observe its performance for the past one month. Year-to-date it is 128.49% up and over the past year, the stock is showing an upside performance of 451.63%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.28 beat the consensus estimate of -$0.37 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of -$0.27 while estimate for next year EPS is -$1.01. For TGTX, analysts are forecasting an EPS-growth rate of 30.80% for current year and estimate for EPS growth in next year is 59.40%. In next quarter, company is expected to be making quarterly sales of $25.35 million as analysts are expecting the sales for current fiscal year at $83.32 million and seeing the company making $254.96 million in sales next year. Moreover, analysts are in estimates of $14.43 million for current-quarter revenue.
Currently, TG Therapeutics Inc.’s total number of outstanding shares is 140.31M with 8.86% of that held by the insiders while 72.17% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -148.70% and return on equity (ROE) at -213.70%. Stock’s beta reads 2.06. Stock has a price to book (P/B) ratio of 135.15 while price to sale or P/S ratio amounts to 480.38. Its return on asset (ROA) is -78.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that SPDR S&P Biotech ETF came shrinking its share ownership by 1.78% in the TG Therapeutics Inc. (TGTX) increasing its stake to 2.84% with control over 72820.0 shares in the company. As per SEC documents, SPDR S&P Biotech ETF sought 4,161,756 of company’s common stock of worth $103.34 million as per recent closing price of the stock. SPDR S&P Biotech ETF is not the only institutional holder which restructured its stake in TG Therapeutics Inc., as Vanguard Total Stock Market ETF picked 4,077,476 shares of worth $101.24 million to bring its holdings to a total of 40389.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.42 million or 2.34% of the company’s stake having worth of about 84.98 million.
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