With 0.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. The 52-week range on TNGX shows that it touched its highest point at $12.02 and its lowest point at $1.78 during that stretch. It currently has a 1-year price target of $11.29. Beta for the stock currently stands at 0.90.
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 up-trending over the past week, with a rise of 0.54%, but this was down by -38.94% over a month. Three-month performance dropped to -46.69% while six-month performance fell -83.01%. The stock lost -83.21% in the past year, while it has lost -40.13% so far this year. A look at the trailing 12-month EPS for TNGX yields -1.20 with Next year EPS estimates of -1.38. For the next quarter, that number is -0.36. This implies an EPS growth rate of -13.82% for this year and -1.98% for next year. EPS is expected to decline by -10.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.47%.
Float and Shares Shorts:
At present, 107.73 million TNGX shares are outstanding with a float of 59.12 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TNGX since 3 analysts follow the stock currently. There are 3 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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.12026 being high and -$1.27165 being low. For TNGX, this leads to a yearly average estimate of -$1.201. Based on analyst estimates, the high estimate for the next quarter is -$0.27 and the low estimate is -$0.39. The average estimate for the next quarter is thus -$0.35.
