Currently, Tenable Holdings Inc [TENB] is trading at $48.51, down -2.82%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TENB shares have gain 0.41% over the last week, with a monthly amount glided 3.90%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tenable Holdings Inc [NASDAQ: TENB] stock has seen the most recent analyst activity on February 07, 2024, when Needham reiterated its Buy rating and also boosted its price target to $62 from $56. Previously, Morgan Stanley upgraded its rating to Overweight on January 09, 2024, and elevated its price target to $60. On December 15, 2023, Susquehanna initiated with a Positive rating and assigned a price target of $55 on the stock. Barclays downgraded its rating to a Equal Weight and decreased its price target to $47 on October 09, 2023. TD Cowen initiated its recommendation with a Outperform and recommended $55 as its price target on September 18, 2023. JP Morgan upgraded its rating to Overweight for this stock on September 11, 2023, and upped its price target to $56. In a note dated August 18, 2023, Stephens initiated an Overweight rating and provided a target price of $60 on this stock.
This stock has fluctuated between a low of $33.85 and a high of $53.50 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $59.86 within the next 12 months. Tenable Holdings Inc [NASDAQ: TENB] shares were valued at $48.51 at the most recent close of the market. An investor can expect a potential return of 23.4% based on the average TENB price forecast.
Analyzing the TENB fundamentals
Trailing Twelve Months sales for Tenable Holdings Inc [NASDAQ:TENB] were 798.71M which represents 15.53% growth. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.24 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.99 points at the first support level, and at 47.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.37, and for the 2nd resistance point, it is at 50.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tenable Holdings Inc [NASDAQ:TENB] is 1.12. As well, the Quick Ratio is 1.12, while the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 7.17, the price to book ratio is 16.41.
Transactions by insiders
Recent insider trading involved Vintz Stephen A, Chief Financial Officer, that happened on Mar 28 ’24 when 15505.0 shares were sold. Chief Financial Officer, Vintz Stephen A completed a deal on Mar 21 ’24 to sell 11586.0 shares. Meanwhile, Chief Financial Officer Vintz Stephen A sold 78409.0 shares on Mar 20 ’24.
