You might want to take a look at Tyme Technologies Inc. (TYME) now

Tyme Technologies Inc. (NASDAQ: TYME) stock jumped 10.63% on Friday to $0.33 against a previous-day closing price of $0.30. With 1.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.33 million shares. During the session, the Biotechnology company that operates in wider Healthcare sector, reached to the highest price of $0.3498 whereas the lowest price it dropped to was $0.3200. The 52-week range on TYME shows that it touched its highest point at $1.18 and its lowest point at $0.22 during that stretch. Beta for the stock currently stands at 0.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TYME was up-trending over the past week, with a rise of 14.06%, but this was up by 28.19% over a month. Three-month performance surged to 0.97% while six-month performance fell -4.57%. The stock lost -68.47% in the past year, while it has lost -44.59% so far this year.

Float and Shares Shorts:

At present, 172.21 million TYME shares are outstanding with a float of 118.93 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.61 million, which was 0.94% higher than short shares on Jun 14, 2022. In addition to Mr. Richard Cunningham as the firm’s CEO & Director, Mr. Steven E. Hoffman serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 8.54% of TYME’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.39% of TYME, in contrast to 30.97% held by mutual funds. Shares owned by individuals account for 2.99%. As the largest shareholder in TYME with 2.23% of the stake, The Vanguard Group, Inc. holds 3,834,392 shares worth 3,834,392. A second-largest stockholder of TYME, BlackRock Fund Advisors, holds 2,007,228 shares, controlling over 1.17% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in TYME, holding 1,260,811 shares or 0.73% stake. With a 1.39% stake in TYME, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,398,710 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.82% of TYME stock, is the second-largest Mutual Fund holder. It holds 1,414,981 shares valued at 0.4 million. Fidelity Extended Market Index Fu holds 0.29% of the stake in TYME, owning 492,882 shares worth 0.14 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TYME since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TYME analysts setting a high price target of $8.00 and a low target of $8.00, the average target price over the next 12 months is $8.00. Based on these targets, TYME could surge 2324.24% to reach the target high and rise by 2324.24% to reach the target low. Reaching the average price target will result in a growth of 2324.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TYME will report FY 2021 earnings on 06/09/2023. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.25 being low. For TYME, this leads to a yearly average estimate of -$0.25. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Based on analyst estimates, the high estimate for the next quarter is -$0.06 and the low estimate is -$0.06. The average estimate for the next quarter is thus -$0.06.

Summary of Insider Activity:

Insiders traded TYME stock several times over the past three months with 0 Buys and 18 Sells. In these transactions, 0 shares were bought while 1,225,000 shares were sold. The number of buy transactions has increased to 9 while that of sell transactions has risen to 92 over the past year. The total number of shares bought during that period was 168,022 while 4,860,782 shares were sold.

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