TG Therapeutics Inc (NASDAQ:TGTX) price on Wednesday, May 09, fall -0.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.12.
A look at the stock’s price movement, the close in the last trading session was $17.18. The PE ratio in trailing twelve months stood at 77.64. Turning to its 52-week performance, $35.22 and $6.46 were the 52-week high and 52-week low respectively. Overall, TGTX moved 13.38% over the past month.
TG Therapeutics Inc’s market cap currently stands at around $2.65 billion.
Analysts have a consensus estimate of 65.89M for the company’s revenue for the quarter, with a low and high estimate of 64.54M and 68.1M respectively. The average forecast suggests up to a 277.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 308.72M, representing a 32.10% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TGTX is a Hold. 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.
TGTX’s current price about 17.20% and 11.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.65, while 7-day volatility ratio is 5.78% and 5.71% in the 30-day chart. Further, TG Therapeutics Inc (TGTX) has a beta value of 2.31, and an average true range (ATR) of 0.92.
If we refocus on TG Therapeutics Inc (NASDAQ:TGTX), historical trading data shows that trading volumes averaged 3.79 million over the past 3 months. The company’s latest data on shares outstanding shows there are 151.42 million shares.
The 9.56% of TG Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 58.03% of the company’s shares. Current price change has pushed the stock 0.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TGTX stock continues to rise going into the next quarter.
