Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) traded at $0.17 at close of the session on Friday, April 26, made an upward move of 5.31% on its previous day’s price.
Looking at the stock we see that its previous close was $0.16 . In terms of its 52-week price range, TNXP has a high of $3.31 and a low of $0.12. The company’s stock has lost about -48.46% over that past 30 days.
Tonix Pharmaceuticals Holding Corp has a market cap of $14.24 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.47, with the EPS growth for the year raised at -$1.57 for 2024 and -$1.1 for next year. These figures represent 77.10% and 29.90% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $3.9 million, with a low of $3.9 million and a high of $3.9 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $11.27 million, or 45.10% up from figures reported last year.
On the other hand, looking at the outlook for the TNXP stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -1.13% off its SMA20 and -39.87% from its 50-day simple moving average. The RSI (14) is pointing at 35.08 while the volatility over the past week is 5.77% and jumps to 14.47% over the past one month. The beta value is 2.21, while the average true range (ATR) is currently pointing at 0.02.
Coming back to Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP), we note that the average 3-month trading volume was 2.21 million. Current shares outstanding are 84.49 million.
The insiders hold 0.01% of the company’s shares while institutions hold 19.88%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -58.19% down in year-to-date price movement.
