If You Don’t Bullish On Tempest Therapeutics Inc (NASDAQ: TPST) Now, You’ll Regret Your Decision Later

The trading price of Tempest Therapeutics Inc (NASDAQ:TPST) closed lower on Tuesday, April 02, closing at $5.09, -6.43% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $9.77 and a 52-week low of $0.17. Over the past month, the stock has gained 38.32% in value.

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Tempest Therapeutics Inc, whose market valuation is $112.95 million at the time of this writing, is expected to release its quarterly earnings report Mar 20, 2024 – Mar 25, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.37 per share this quarter, however they have predicted annual earnings per share of -$1.41 for 2024 and -$1.53 for 2025. It means analysts are expecting annual earnings per share growth of 26.20% this year and -8.50% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Tempest Therapeutics Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TPST has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that TPST’s price is currently 39.36% off the SMA20 and 33.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.97, and weekly volatility stands at 20.17%. When measured over the past 30 days, the indicator reaches 12.10%. Tempest Therapeutics Inc (NASDAQ:TPST)’s beta value is currently sitting at -1.75, while the Average True Range indicator is currently displaying 0.48.

To see how Tempest Therapeutics Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TPST stock’s performance was -6.43% in the latest trading, and 74.91% in the past year.

An evaluation of the daily trading volume of Tempest Therapeutics Inc (NASDAQ:TPST) indicates that the 3-month average is 945.65K. However, this figure has increased over the past 10 days to an average of 2.64 million.

Currently, records show that 22.05 million of the company’s shares remain outstanding. The insiders hold 16.90% of outstanding shares, whereas institutions hold 8.03%. The stats also highlight that short interest as of Mar 15, 2024, stood at 0.77 million shares, resulting in a short ratio of 1.37 at that time. From this, we can conclude that short interest is 3.46% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 0.87 million. However, since the stock’s price has seen 15.68% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.