Titan Pharmaceuticals Inc. (NASDAQ:TTNP) saw an upside of 11.83% to $1.81 after adding $0.19 on Tuesday. The 5-day average trading volume is 434,718 shares of the company’s common stock. It has gained $2.0300 in the past week. An average of 166,700 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 121,892.
TTNP’s 1-month performance is -24.30% or -$0.2700 on its low of $1.5700 reached on 10/11/21. The company’s shares have touched a 52-week low of $1.57 and high of $8.85, with the stock’s rally to the 52-week high happening on 02/18/21. YTD, TTNP has lost -50.76% or -$1.4200. However, the current price is down -79.53%% from the 52-week high price.
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The company’s PE ratio for the last five years has touched a high of 27.49 and a low of 16.24. TTNP stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.66 while the price-to-book (PB) in the most recent quarter is 1.82.
Titan Pharmaceuticals Inc.’s quick ratio for the period ended June 29 was 4.20, with the current ratio over the same period at 4.20 meaning that TTNP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 87.40%. The trailing 12-month EBITDA margin is -145.91%. The firm’s gross profit as reported stood at $4.37 million against revenue of $4.84 million.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected TTNP to announce -$0.35 per share in earnings in its latest quarter, but it posted -$0.17, representing a 51.40% surprise. EBITDA for the quarter stood at more than -$2.27 million. TTNP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.76 million, with total debt at $0.35 million. Shareholders hold equity totaling $9.86 million
Let’s look briefly at Titan Pharmaceuticals Inc. (TTNP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 52.57% to suggest the stock is trending Neutral, with historical volatility in this time period at 89.54%.
The stock’s 5-day moving average is $1.7260, reflecting a +4.47% or $0.0800 change from its current price. TTNP is currently trading -10.53% above its 20-day SMA, -21.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -17.26% and -42.64% respectively.
Stochastic %K and %D was 29.60% and 18.78% and the average true range (ATR) pointed at 0.1244. The RSI (14) points at 47.04%, while the 14-day stochastic is at 65.22% with the period’s ATR at 0.1082. The stock’s 9-day MACD Oscillator is pointing at -0.0378 and -0.0938 on the 14-day charts.
In the most recent analyst report for Titan Pharmaceuticals Inc. (NASDAQ: TTNP), Maxim Group launched coverage with a Buy rating. Analysts offering their rating for TTNP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TTNP as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TTNP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Titan Pharmaceuticals Inc. (TTNP) stock is $7.00.