Tango Therapeutics Inc (NASDAQ:TNGX) price on Friday, May 02, rose 7.09% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.51.
A look at the stock’s price movement, the close in the last trading session was $1.41, moving within a range at $1.375 and $1.56. The beta value (5-Year monthly) was 1.033. Turning to its 52-week performance, $12.02 and $1.11 were the 52-week high and 52-week low respectively. Overall, TNGX moved 10.22% over the past month.
Tango Therapeutics Inc’s market cap currently stands at around $163.24 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TNGX 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.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend TNGX as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TNGX’s current price about 9.46% and -8.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.06, while 7-day volatility ratio is 12.68% and 12.32% in the 30-day chart. Further, Tango Therapeutics Inc (TNGX) has a beta value of 1.02, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $13 and high of $18. Looking at the price targets, the low is -760.93% off current price level while to achieve the yearly target high, price needs to move -1092.05%. Nonetheless, investors will most likely welcome a -760.93% jump to $13 which is the analysts’ median price.
If we refocus on Tango Therapeutics Inc (NASDAQ:TNGX), historical trading data shows that trading volumes averaged 0.64 over the past 10 days and 735.06K over the past 3 months. The company’s latest data on shares outstanding shows there are 107.73 million shares.
The 45.31% of Tango Therapeutics Inc’s shares are in the hands of company insiders while institutional holders own 55.94% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.24 million on 2025-04-15, giving us a short ratio of 14.85. The data shows that as of 2025-04-15 short interest in Tango Therapeutics Inc (TNGX) stood at 1255.0001 of shares outstanding, with shares short rising to 9.11 million registered in 2025-03-14. Current price change has pushed the stock -51.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TNGX stock continues to rise going into the next quarter.
