The stock of TG Therapeutics Inc. (NASDAQ:TGTX) increased by $0.97 on Monday to finish at $11.10, up 9.58 percent. The last five days have seen an average of 7,143,800 shares of common stock traded. 22 times new highs were reached in the current year, with a fall of -$0.73. The average number of shares traded over the last 20 days was 7,534,770, while the average volume over the last 50 days totaled 5,181,702.
TGTX stock dropped -49.77% since last month. On 08/11/23, the company’s shares reached a one-month low of $9.15. The stock touched a high of $35.67 on 05/04/23, after rallying from a low of $4.86 in 52 weeks. The price of TGTX stock has declined by -6.17% or -$0.73 this year, reaching a new high 22 times. Still, the stock price is down -68.88% from the 52-week high.
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Insider Transactions
TGTX stock investors should be aware that TG Therapeutics Inc. (TGTX) stock had its last reported insider trading activity 4 days ago on Aug 11. On Aug 11, CEO and President WEISS MICHAEL S acquired 100,000 shares at $10.13 each. This transaction resulted in the insider spending $1,013,000. On Jun 23, Lonial Sagar sold 34,854 shares at a price of US$23.37. After the transaction, the insider now owns 93,878 shares. Chief Financial Officer Power Sean A had earlier sold 73,647 shares on Jun 02 for $26.70 a share. The transaction was completed for $1,966,375.
Valuation Metrics
Beta for the stock is 2.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 66.59, the price-to-book (PB) ratio of 38.28.
Financial Health
For the three months ended June 29, TG Therapeutics Inc.’s quick ratio was 2.50, while its current ratio was 2.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.41, and the total debt to equity ratio is 2.41. As far as profitability goes, gross margin for the trailing twelve months is 88.50% percent. Based on annual data, it had gross profit of $2.52 million and revenue of $2.79 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TGTX’s return on assets (ROA) during the last 12 months has been -84.70%. There was a -148.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -309.60%.
Earnings Surprise
According to TG Therapeutics Inc.’s quarterly financial report for the quarter that ended June 29, it had $97.7 million in total debt versus $47.9 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $16.07 million, while revenues rose by 96.33% to $7.8 million. It was predicted that TG Therapeutics Inc.’s quarterly earnings would be -$0.34, but it ended up being -$0.25, beating the consensus by -36.00%. EBITDA was -$44.14 million for the quarter. At the end of TG Therapeutics Inc.’s most recent quarter ended June 29, its liabilities totaled 180.4 million, while its total debt was $109.02 million. Equity owned by shareholders amounts to $150.98 million.
Technical Picture
Here’s a quick look at TG Therapeutics Inc.’s (TGTX) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 30.52%, suggesting the stock is Neutral, with a 76.56% historical volatility rate.
The stochastic %K and %D were 8.84% and 4.67% respectively, while the average true range (ATR) was 1.39. Based on the 14-day stochastic reading of 16.55%, the RSI (14) reading is 28.46%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -2.81.
Analyst Ratings
In its most recent analyst report, Goldman raised its rating on TG Therapeutics Inc. (NASDAQ: TGTX) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned TG Therapeutics Inc. (TGTX) an Overweight rating. TGTX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is TGTX’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $41.00, with a median target price of $32.00. In analyzing these forecasts, the average price target given by analysts for TG Therapeutics Inc. (TGTX) is $28.94.
