A share price of Tectonic Therapeutic Inc [TECX] is currently trading at $50.61, down -6.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TECX shares have gain 22.90% over the last week, with a monthly amount glided 9.62%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Tectonic Therapeutic Inc [NASDAQ: TECX] stock has seen the most recent analyst activity on November 20, 2024, when Raymond James initiated its Outperform rating and assigned the stock a price target of $65. Previously, Wells Fargo started tracking the stock with Overweight rating on August 22, 2024, and set its price target to $55. On June 26, 2024, Piper Sandler initiated with a Overweight rating. TD Cowen started tracking the stock assigning a Buy rating. Mizuho downgraded its rating to a Neutral. BTIG Research downgraded its rating to Neutral for this stock on January 05, 2022. In a note dated November 19, 2021, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $24 to $7.
Tectonic Therapeutic Inc experienced fluctuations in its stock price throughout the past year between $13.80 and $61.07. Tectonic Therapeutic Inc [NASDAQ: TECX] shares were valued at $50.61 at the most recent close of the market.
Analyzing the TECX fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.37 and Total Capital is -0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 48.41 points at the first support level, and at 46.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.40, and for the 2nd resistance point, it is at 58.20.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Tectonic Therapeutic Inc [NASDAQ:TECX] is 9.39. Also, the Quick Ratio is 9.39, while the Cash Ratio stands at 9.19.
Transactions by insiders
Recent insider trading involved SPRINGER TIMOTHY A, Director, that happened on Oct 22 ’24 when 0.3 million shares were purchased. Director, SPRINGER TIMOTHY A completed a deal on Sep 26 ’24 to buy 50000.0 shares. Meanwhile, 10% Owner Leonard Braden Michael bought 0.47 million shares on May 13 ’24.
