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Is This The Right Time To Buy Taysha Gene Therapies Inc (NASDAQ: TSHA) Stock?

Taysha Gene Therapies Inc (NASDAQ:TSHA) price closed higher on Monday, February 12, jumping 0.60% above its previous close.

A look at the daily price movement shows that the last close reads $1.68. The company’s 5Y monthly beta was ticking -0.13. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.89 and 52-week low of $0.50. The stock added 1.20% on its value in the past month.

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Taysha Gene Therapies Inc, which has a market valuation of $315.96 million, is expected to release its quarterly earnings report Mar 26, 2024 – Apr 01, 2024. Analysts tracking TSHA have forecast the quarterly EPS to shrink by -0.11 per share this quarter, while the same analysts predict the annual EPS to hit -$1.47 for the year 2024 and up to -$0.44 for 2024. In this case, analysts estimate an annual EPS growth of 61.10% for the year and 70.10% for the next year.

The average estimate suggests sales growth for the quarter will likely rise by 5.90% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $14.48 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 478.70% above that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TSHA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as Hold.

The overview shows that TSHA’s price is at present 10.19% off the SMA20 and 3.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.76, with weekly volatility standing at 7.89%. The indicator jumps to 8.70% when calculated based on the past 30 days. Taysha Gene Therapies Inc (NASDAQ:TSHA)’s beta value is holding at -0.11, while the average true range (ATR) indicator is currently reading 0.13.

Turning out attention to how the Taysha Gene Therapies Inc stock has performed in comparison to its peers in the industry, here’s what we find: TSHA’s stock is 0.60% on the day and 60.95% in the past 12 months, while Sarepta Therapeutics Inc. (SRPT) traded 0.35%% in the last session and was positioned 5.92% up on its price 12 months ago. Turning out attention to how the Taysha Gene Therapies Inc stock has performed in comparison to its peers in the industry, here’s what we find: TSHA’s stock is 0.60% on the day and 60.95% in the past 12 months, while Sarepta Therapeutics Inc. (SRPT) traded 0.35%% in the last session and was positioned 5.92% up on its price 12 months ago. Another comparison is with Amicus Therapeutics Inc. (FOLD) whose stock price was up 1.62%% in the last trading session, and has flourished 8.94% over the past year. Also, Voyager Therapeutics Inc. (VYGR) showed up trend of 1.18%% while its price kept floating at -1.54% over the past year.

An analysis of the Taysha Gene Therapies Inc (NASDAQ:TSHA) stock in terms of its daily trading volume indicates that the 3-month average is 0.53. However, this figure increases on the past 10-day timeline to an average of 0.94 million.

Current records show that the company has 186.96M in outstanding shares. The insiders’ percentage holdings are 37.78% of outstanding shares while the percentage share held by institutions stands at 55.23%. The stats also highlight that short interest as of Jan 31, 2024, stood at 16.78 million shares, which puts the short ratio at the time at 9.85. From this we can glean that short interest is 8.98% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 17.53 million. But the -4.52% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.