Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) price on Friday, May 10, fall -1.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.18.
A look at the stock’s price movement, the level at last check in today’s session was $0.18. Turning to its 52-week performance, $2.24 and $0.12 were the 52-week high and 52-week low respectively. Overall, TNXP moved 5.35% over the past month.
Tonix Pharmaceuticals Holding Corp’s market cap currently stands at around $15.13 million.
Analysts have a consensus estimate of 3.8M for the company’s revenue for the quarter, with a low and high estimate of 3.7M and 3.9M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 10.3M, representing a 32.60% 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 TNXP is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TNXP’s current price about 6.18% and -26.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.47, while 7-day volatility ratio is 9.88% and 9.38% in the 30-day chart. Further, Tonix Pharmaceuticals Holding Corp (TNXP) has a beta value of 2.20, and an average true range (ATR) of 0.02.
If we refocus on Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP), historical trading data shows that trading volumes averaged 2.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 84.49 million shares.
The 0.01% of Tonix Pharmaceuticals Holding Corp’s shares are in the hands of company insiders while institutional holders own 19.88% of the company’s shares. Current price change has pushed the stock -55.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TNXP stock continues to rise going into the next quarter.
