Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) Drops -64.81% Over A Month, But Analysts Still See Upside Potential

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) currently has a daily average trading volume of 21.19M but it saw 8827127 shares traded in last market. With a market cap of 18.06M USD, the company’s current market price of $0.13 came rising about 1.23 while comparing to the previous closing price of $0.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $26.56 and as low as $0.13. In the recent trading on the day, stock has struck highest price mark of $0.13 while lowest mark touched by it was $0.1332.

Taking a look at 20-day trading activity of Tonix Pharmaceuticals Holding Corp (TNXP) gives us an average price of $0.1669, while its current price level is -99.50% below from 52-week high level whereas it is 1.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3561 while that of 200 days or SMA-200 reads an average of $5.9241. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.83% during that period while stretching the period over a month that increases to 14.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 21.92 which implies that the stock is in oversold territory.

ROTH Capital upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 18, 2019 while assigning a price target of $4. ROTH Capital issued its recommendations for the stock as it upgraded the price target for the stock is $6.

Over the week, TNXP’s stock price is moving -9.30% down while it is -64.81% when we observe its performance for the past one month. Year-to-date it is -98.98% down and over the past year, the stock is showing a downside performance of -99.48%.

Currently, Tonix Pharmaceuticals Holding Corp’s total number of outstanding shares is 137.26M. Company’s return on investment (ROI) stands at -308.74% and return on equity (ROE) at -163.24%. Stock’s beta reads 2.09. Stock has a price to book (P/B) ratio of 0.03 while price to sale or P/S ratio amounts to 1.45. Its return on asset (ROA) is -129.55% on average.