It’s still a bull thesis, just subverted: Tenax Therapeutics Inc (TENX)

Tenax Therapeutics Inc [TENX] stock prices are up 3.09% to $5.33 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TENX shares have gain 11.74% over the last week, with a monthly amount glided 16.12%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Tenax Therapeutics Inc [NASDAQ: TENX] stock has seen the most recent analyst activity on October 24, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $16. Previously, Guggenheim started tracking the stock with Buy rating on October 14, 2024, and set its price target to $16. On September 30, 2024, William Blair initiated with a Outperform rating. Ladenburg Thalmann upgraded its rating to a Buy. MLV & Co initiated its recommendation with a Buy and recommended $7 as its price target on December 16, 2014. WallachBeth started tracking with a Buy rating for this stock on November 18, 2014, and assigned it a price target of $12.

The stock price of Tenax Therapeutics Inc [TENX] has been fluctuating between $2.77 and $33.44 over the past year. Tenax Therapeutics Inc [NASDAQ: TENX] shares were valued at $5.33 at the most recent close of the market.

Analyzing the TENX fundamentals

Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at 242.62%, Pretax Profit Margin comes in at -1202.57%, and Net Profit Margin reading is -1202.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.22 and Total Capital is 0.01.

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 5.22 points at the first support level, and at 5.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.39, and for the 2nd resistance point, it is at 5.45.

Ratios To Look Out For

It’s worth pointing out that Tenax Therapeutics Inc [NASDAQ:TENX]’s Current Ratio is 38.95. On the other hand, the Quick Ratio is 38.95, and the Cash Ratio is 38.38.

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