Tenable Holdings Inc. (NASDAQ:TENB) finished Friday with a subtraction of -$0.82 to close at $45.48, a downside of -1.77 percent. An average of 689,200 shares of common stock have been traded in the last five days. There was a fall of -$1.30 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,059,730 shares traded, while the 50-day average volume stands at 1,001,324.
TENB stock has increased by 5.50% in the last month. The company shares reached their 1-month lowest point of $41.75 on 07/20/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $28.80 and a high of $49.77 in 52 weeks. It has reached a new high 10 times so far this year and achieved 19.21% or $7.33 in price. In spite of this, the price is down -8.62% from the 52-week high.
Insider Transactions
TENB stock investors should be aware that Tenable Holdings Inc. (TENB) stock had its last reported insider trading activity 8 days ago on Aug 04. In this transaction, the insider spent $301,188. President, CEO and Chairman, Yoran Amit, disposed of 41,966 shares at a price of $48.20 on Jul 26. The insider now owns more than $2,022,620 worth of shares. Prior to that, Director Zecher Linda Kay went on to Sale 2,600 shares at $40.56 each on Jun 05. An amount of $105,456 was transacted.
Valuation Metrics
Tenable Holdings Inc. (TENB) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.18, the price-to-book (PB) ratio at 17.77, and the price-to-cash flow ratio at 47.61.
Financial Health
The quick ratio of Tenable Holdings Inc. for the three months ended June 29 was 1.50, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.24 and a total debt to equity ratio of 1.25 for the quarter ending June 29. Tenable Holdings Inc.’s EBITDA margin for the year ending June 29 is -6.29%, while its operating margin for the same period stands at -9.10%. Its gross profit as reported stood at $528.4 million compared to revenue of $683.19 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, Tenable Holdings Inc.’s return on assets was -6.70%.
Earnings Surprise
For the three-month period that ended June 29, Tenable Holdings Inc. had $269.49 million in cash and short-term investments compared to $360.61 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$15.97 million in the quarter, while revenues of -$25.1 million were shrunk -72.2%. The analyst consensus anticipated Tenable Holdings Inc.’s latest quarter earnings to come in at $0.13 per share, but it turned out to be $0.22, a 69.20% surprise. For the quarter, EBITDA amounted to -$4.49 million. Shareholders own equity worth $115.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tenable Holdings Inc. (TENB) price momentum. RSI 9-day as of the close on 11 August was 45.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.76%.
As of today, TENB’s price is $46.13 -2.78% or -$1.30 from its 5-day moving average. TENB is currently trading +5.89% higher than its 20-day SMA and +0.62% higher than its 100-day SMA. However, the stock’s current price level is +10.95% above the SMA50 and +39.38% above the SMA200.
The stochastic %K and %D were 46.64% and 50.86%, respectively, and the average true range (ATR) was 1.44. With the 14-day stochastic at 37.83% and the average true range at 1.47, the RSI (14) stands at 51.43%. The stock has reached -0.84 on the 9-day MACD Oscillator while the 14-day reading was at -0.94.
Analyst Ratings
UBS launched coverage on Tenable Holdings Inc. (NASDAQ: TENB) in its analyst report released on July 06, 2023. The firm assigned the stock a Buy rating. The consensus rating for Tenable Holdings Inc. (TENB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TENB, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.
What is TENB’s price target for the next 12 months?
Analysts predict a range of price targets between $48.00 and $60.00, with a median target of $55.00. Taking a look at these predictions, the average price target given by analysts for Tenable Holdings Inc. (TENB) stock is $54.07.
