At the time of writing, Terns Pharmaceuticals Inc [TERN] stock is trading at $7.25, up 7.89%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TERN shares have gain 10.18% over the last week, with a monthly amount drifted -16.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Terns Pharmaceuticals Inc [NASDAQ: TERN] stock has seen the most recent analyst activity on June 22, 2023, when Mizuho initiated its Buy rating and assigned the stock a price target of $16. Previously, Jefferies started tracking the stock with Buy rating on June 07, 2023, and set its price target to $18. On May 31, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $23 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $18 on May 08, 2023. JMP Securities initiated its recommendation with a Mkt Outperform and recommended $17 as its price target on February 14, 2023. UBS started tracking with a Buy rating for this stock on February 07, 2023, and assigned it a price target of $19. In a note dated September 12, 2022, H.C. Wainwright initiated an Neutral rating and provided a target price of $6 on this stock.
For the past year, the stock price of Terns Pharmaceuticals Inc fluctuated between $3.26 and $10.03. Currently, Wall Street analysts expect the stock to reach $13.33 within the next 12 months. Terns Pharmaceuticals Inc [NASDAQ: TERN] shares were valued at $7.25 at the most recent close of the market. An investor can expect a potential return of 83.86% based on the average TERN price forecast.
Analyzing the TERN fundamentals
Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at -81.86%, Pretax Profit Margin comes in at -72.34%, and Net Profit Margin reading is -72.54%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.4 and Total Capital is -0.49. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 6.83 points at the first support level, and at 6.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.57, and for the 2nd resistance point, it is at 7.89.
Ratios To Look Out For
It is important to note that Terns Pharmaceuticals Inc [NASDAQ:TERN] has a current ratio of 21.02. Also, the Quick Ratio is 21.02, while the Cash Ratio stands at 8.35.
Transactions by insiders
Recent insider trading involved Quigley Jill M., Director, that happened on Aug 02 ’24 when 8857.0 shares were sold. Director, Quigley Jill M. completed a deal on Aug 01 ’24 to sell 6143.0 shares. Meanwhile, Director GORDON CARL L sold 50976.0 shares on Jul 15 ’24.
