Tscan Therapeutics Inc (TCRX) Stock Behavior Isn’t Quite As Predictable As You Think

Tscan Therapeutics Inc (NASDAQ:TCRX) price on Wednesday, April 17, fall -5.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.75.

A look at the stock’s price movement, the close in the last trading session was $7.13. Turning to its 52-week performance, $9.00 and $1.62 were the 52-week high and 52-week low respectively. Overall, TCRX moved -1.17% over the past month.

Tscan Therapeutics Inc’s market cap currently stands at around $294.50 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TCRX is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

TCRX’s current price about -10.07% and -2.68% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.22, while 7-day volatility ratio is 8.42% and 7.58% in the 30-day chart. Further, Tscan Therapeutics Inc (TCRX) has a beta value of 0.94, and an average true range (ATR) of 0.56.

If we refocus on Tscan Therapeutics Inc (NASDAQ:TCRX), historical trading data shows that trading volumes averaged 163.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.83 million shares.

The 16.42% of Tscan Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 67.85% of the company’s shares. Current price change has pushed the stock 15.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TCRX stock continues to rise going into the next quarter.

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