At the time of writing, Tenable Holdings Inc [TENB] stock is trading at $45.20, down -1.50%. 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 7.62% over the last week, with a monthly amount glided 12.69%, 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 July 15, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $55. Previously, Scotiabank started tracking the stock with Sector Perform rating on April 26, 2024, and set its price target to $47. On February 07, 2024, Needham reiterated its Buy rating and revised its price target to $62 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $60 on January 09, 2024. Susquehanna initiated its recommendation with a Positive and recommended $55 as its price target on December 15, 2023. Barclays downgraded its rating to Equal Weight for this stock on October 09, 2023, and downed its price target to $47. In a note dated September 18, 2023, TD Cowen initiated an Outperform rating and provided a target price of $55 on this stock.
For the past year, the stock price of Tenable Holdings Inc fluctuated between $33.85 and $53.50. 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 $45.20 at the most recent close of the market. An investor can expect a potential return of 32.43% based on the average TENB price forecast.
Analyzing the TENB fundamentals
According to Tenable Holdings Inc [NASDAQ:TENB], the company’s sales were 825.83M for trailing twelve months, which represents an 14.36% jump. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.2 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.02.
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 44.63 points at the first support level, and at 44.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.62, and for the 2nd resistance point, it is at 46.04.
Ratios To Look Out For
It is important to note that Tenable Holdings Inc [NASDAQ:TENB] has a current ratio of 1.16. As well, the Quick Ratio is 1.16, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 6.51, the price to book ratio is 15.06.
Transactions by insiders
Recent insider trading involved Thurmond Mark C., Chief Operating Officer, that happened on May 28 ’24 when 949.0 shares were sold. President, CEO and Chairman, Yoran Amit completed a deal on May 24 ’24 to sell 5684.0 shares. Meanwhile, Chief Financial Officer Vintz Stephen A sold 3418.0 shares on May 24 ’24.
