Taysha Gene Therapies Inc (NASDAQ:TSHA) shares, rose in value, with the stock price up by 3.91% to the previous day’s close as strong demand from buyers drove the stock to $2.39.
Actively observing the price movement in the last trading, the stock closed the session at $2.30. Referring to stock’s 52-week performance, its high was $3.89, and the low was $0.50. On the whole, TSHA has fluctuated by -24.61% over the past month.
Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSHA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TSHA currently trading nearly -10.56% and -7.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.44, while the 7-day volatility ratio is showing 8.79% which for the 30-day chart, stands at 9.49%. Furthermore, Taysha Gene Therapies Inc (TSHA)’s beta value is 0.37, and its average true range (ATR) is 0.26.
A comparison of Taysha Gene Therapies Inc (TSHA) with its peers suggests the former has fared considerably weaker in the market. TSHA showed an intraday change of 3.91% in last session, and over the past year, it grew by 264.00%%.
Data on historical trading for Taysha Gene Therapies Inc (NASDAQ:TSHA) indicates that the trading volumes over the past 3 months, they’ve averaged 2.77 million. According to company’s latest data on outstanding shares, there are 186.96 million shares outstanding.
Nearly 31.23% of Taysha Gene Therapies Inc’s shares belong to company insiders and institutional investors own 62.24% of the company’s shares. The stock has risen by 35.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSHA stock heading into the next quarter.
