Adversity is less terrifying than hope: Tango Therapeutics Inc (TNGX)

With 0.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 shares. The 52-week range on TNGX shows that it touched its highest point at $13.03 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $17.43. Beta for the stock currently stands at 0.95.

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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 TNGX was down-trending over the past week, with a drop of -3.65%, but this was up by 25.99% over a month. Three-month performance surged to 38.81% while six-month performance rose 89.76%. The stock gained 102.12% in the past year, while it has gained 25.35% so far this year. A look at the trailing 12-month EPS for TNGX yields -1.11 with Next year EPS estimates of -1.32. For the next quarter, that number is -0.27. This implies an EPS growth rate of 13.82% for this year and -24.29% for next year.

Float and Shares Shorts:

At present, 88.18 million TNGX shares are outstanding with a float of 50.94 million shares on hand for trading. On Jan 31, 2024, short shares totaled 10.51 million, which was 10.30% higher than short shares on Dec 29, 2023. In addition to Dr. Barbara L. Weber M.D. as the firm’s President, CEO & Director, Ms. Daniella Beckman CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 93.01% of TNGX’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNGX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TNGX analysts setting a high price target of $20.00 and a low target of $16.00, the average target price over the next 12 months is $17.43. Based on these targets, TNGX could surge 61.16% to reach the target high and rise by 28.93% to reach the target low. Reaching the average price target will result in a growth of 40.45% from current levels.

Summary of Insider Activity:

Insiders traded TNGX stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 1,744,232 while 232,507 shares were sold.