Terns Pharmaceuticals Inc. (NASDAQ:TERN) finished Wednesday with a subtraction of -$0.96 to close at $6.03, a downside of -13.73 percent. An average of 973,300 shares of common stock have been traded in the last five days. There was a fall of -$1.18 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 674,855 shares traded, while the 50-day average volume stands at 969,574.
TERN stock has decreased by -27.17% in the last month. The company shares reached their 1-month lowest point of $5.69 on 08/09/23. With the stock rallying to its 52-week high on 04/20/23, shares of the company touched a low of $1.97 and a high of $14.04 in 52 weeks. It has reached a new high 8 times so far this year and lost -40.77% or -$4.15 in price. In spite of this, the price is down -57.06% from the 52-week high.
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Insider Transactions
TERN stock investors should be aware that Terns Pharmaceuticals Inc. (TERN) stock had its last reported insider trading activity 260 days ago on Dec 23.
Valuation Metrics
Terns Pharmaceuticals Inc. (TERN) stock’s beta is -1.09. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.46.
Financial Health
The quick ratio of Terns Pharmaceuticals Inc. for the three months ended June 29 was 24.70, and the current ratio was 24.70, 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 June 29. Its gross profit as reported stood at $62.03 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, Terns Pharmaceuticals Inc.’s return on assets was -29.40%.
Earnings Surprise
For the three-month period that ended June 29, Terns Pharmaceuticals Inc. had $204.68 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$17.9 million in the quarter, while revenues of -$21.53 million were grew 22.18%. The analyst consensus anticipated Terns Pharmaceuticals Inc.’s latest quarter earnings to come in at -$0.34 per share, but it turned out to be -$0.25, a 26.50% surprise. For the quarter, EBITDA amounted to -$21.92 million. Shareholders own equity worth $61.07 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Terns Pharmaceuticals Inc. (TERN) price momentum. RSI 9-day as of the close on 09 August was 25.98%, suggesting the stock is oversold, with historical volatility in this time frame at 89.42%.
As of today, TERN’s price is $6.72 -16.37% or -$1.18 from its 5-day moving average. TERN is currently trading -24.91% lower than its 20-day SMA and -39.27% lower than its 100-day SMA. However, the stock’s current price level is -44.42% below the SMA50 and -11.32% below the SMA200.
The stochastic %K and %D were 19.51% and 18.49%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 13.33% and the average true range at 0.67, the RSI (14) stands at 29.52%. The stock has reached -0.35 on the 9-day MACD Oscillator while the 14-day reading was at -0.45.
Analyst Ratings
Mizuho launched coverage on Terns Pharmaceuticals Inc. (NASDAQ: TERN) in its analyst report released on June 22, 2023. The firm assigned the stock a Buy rating. The consensus rating for Terns Pharmaceuticals Inc. (TERN) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TERN, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.
What is TERN’s price target for the next 12 months?
Analysts predict a range of price targets between $8.00 and $25.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for Terns Pharmaceuticals Inc. (TERN) stock is $16.44.
