At the time of writing, Tenaya Therapeutics Inc [TNYA] stock is trading at $2.08, up 8.90%. An important factor to consider is whether the stock is rising or falling in short-term value. The TNYA shares have gain 8.33% over the last week, with a monthly amount glided 4.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Leerink Partners started tracking the stock with Outperform rating on November 30, 2023, and set its price target to $7. On June 15, 2022, H.C. Wainwright initiated with a Buy rating and assigned a price target of $25 on the stock.
For the past year, the stock price of Tenaya Therapeutics Inc fluctuated between $1.61 and $7.01. Tenaya Therapeutics Inc [NASDAQ: TNYA] shares were valued at $2.08 at the most recent close of the market.
Analyzing the TNYA fundamentals
Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at -7.19%, Pretax Profit Margin comes in at -6.84%, and Net Profit Margin reading is -6.84%. To continue investigating profitability, this company’s Return on Assets is posted at -0.74, Equity is -0.81 and Total Capital is -0.87. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 1.9500 points at the first support level, and at 1.8200 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.2000, and for the 2nd resistance point, it is at 2.3200.
Ratios To Look Out For
It is important to note that Tenaya Therapeutics Inc [NASDAQ:TNYA] has a current ratio of 6.28. On the other hand, the Quick Ratio is 6.28, and the Cash Ratio is 3.48.
Transactions by insiders
Recent insider trading involved Saito Chihiro, SVP, Accounting and Fin. Ops., that happened on Aug 16 ’24 when 2363.0 shares were sold. Chief Medical Officer, Tingley Whittemore completed a deal on Aug 16 ’24 to sell 7428.0 shares. Meanwhile, Chief Executive Officer Ali Faraz sold 9748.0 shares on Aug 16 ’24.
