Tango Therapeutics Inc (NASDAQ:TNGX) shares, rose in value on Friday, March 28, with the stock price down by -8.70% to the previous day’s close as strong demand from buyers drove the stock to $1.47.
Actively observing the price movement in the last trading, the stock closed the session at $1.61, falling within a range of $1.43 and $1.63. The value of beta (5-year monthly) was 0.873. Referring to stock’s 52-week performance, its high was $12.02, and the low was $1.48. On the whole, TNGX has fluctuated by -32.57% over the past month.
With the market capitalization of Tango Therapeutics Inc currently standing at about $158.92 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 30.38M, with a low estimate of 4.32M and a high estimate of 8.34M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.98M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TNGX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TNGX currently trading nearly -19.29% and -38.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.54, while the 7-day volatility ratio is showing 10.04% which for the 30-day chart, stands at 10.66%. Furthermore, Tango Therapeutics Inc (TNGX)’s beta value is 0.95, and its average true range (ATR) is 0.18.
A comparison of Tango Therapeutics Inc (TNGX) with its peers suggests the former has fared considerably weaker in the market. TNGX showed an intraday change of -8.70% in last session, and over the past year, it shrunk by -80.43%%.
Data on historical trading for Tango Therapeutics Inc (NASDAQ:TNGX) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 779.82K. According to company’s latest data on outstanding shares, there are 107.73 million shares outstanding.
Nearly 45.31% of Tango Therapeutics Inc’s shares belong to company insiders and institutional investors own 55.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.11 million shares as on 2025-03-14, resulting in a short ratio of 11.15. According to the data, the short interest in Tango Therapeutics Inc (TNGX) stood at 1545.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 5.94 million. The stock has fallen by -52.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TNGX stock heading into the next quarter.
