Analysts’ Views On Tyme Technologies Inc. (TYME)

Tyme Technologies Inc. (NASDAQ:TYME) trading with a subtraction of -$0.04 to $0.97 on Friday, a downside of -3.87 percent. An average of 853,216 shares of common stock have been traded in the last five days. There was a fall of -$0.0439 in the past week. The last 20 days have seen an average of 953,679 shares traded, while the 50-day average volume stands at 1,411,968.

TYME stock has decreased by -5.61% in the last month. The company shares reached their 1-month lowest point of $0.9606 on 10/06/21. With the stock rallying to its 52-week high on 02/03/21, shares of the company touched a low of $0.85 and a high of $4.99 in 52 weeks. In spite of this, the price is down -80.54% from the 52-week high.


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Insider Transactions

3 days have passed since Tyme Technologies Inc. (TYME) last reported insider trading activity. Hoffman Steve, who is Chief Science Officer, most recently acquired $78,125 shares at $1.00 per share on Oct 05. In this transaction, the insider spent $78,125. 10% Owner, Demurjian Michael, disposed of 20,000 shares at a price of $1.00 on Oct 04. The insider now owns more than $20,022 worth of shares. Prior to that, Chief Science Officer Hoffman Steve went on to Sale 78,125 shares at $1.00 each on Oct 04. An amount of $78,125 was transacted.

Valuation Metrics

Tyme Technologies Inc. (TYME) has a trailing price-to-earnings (P/E) ratio of 34.65 for the broader industry and 31.98 for the sector. This means investors are optimistic about the stock’s future prospects. The stock’s beta is 0.93. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.80.

The quick ratio of Tyme Technologies Inc. for the three months ended December 30 was 16.10, and the current ratio was 16.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending December 30. Its gross profit as reported stood at $97000.0 compared to revenue of $27.22 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Tyme Technologies Inc.’s return on assets was -41.50%, compared to -107.9% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -47.00% and the 5-year average holds at -150.7%. For the broader industry, ROE averaged -68.79 over the past year.

Earnings Surprise

For the three-month period that ended December 30, Tyme Technologies Inc. had $36.16 million in cash. The analyst consensus anticipated Tyme Technologies Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.05, a 16.70% surprise. For the quarter, EBITDA amounted to -$5.78 million. Shareholders own equity worth $172.21 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tyme Technologies Inc. (TYME) price momentum. RSI 9-day as of the close on 07 October was 38.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.98%.

As of today, TYME’s price is $0.9954 -4.30% or -$0.0439 from its 5-day moving average. TYME is currently trading -8.78% lower than its 20-day SMA and -26.61% lower than its 100-day SMA. However, the stock’s current price level is -16.57% below the SMA50 and -15.85% below the SMA200.

The stochastic %K and %D were 15.81% and 16.37%, respectively, and the average true range (ATR) was 0.0483. With the 14-day stochastic at 8.64% and the average true range at 0.0512, the RSI (14) stands at 40.95%. The stock has reached -0.0262 on the 9-day MACD Oscillator while the 14-day reading was at -0.0415.

Analyst Ratings

The consensus rating for Tyme Technologies Inc. (TYME) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TYME, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is TYME’s price target for the next 12 months?

Analysts predict a range of price targets between $8.00 and $8.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Tyme Technologies Inc. (TYME) stock is $8.00.

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