With 137.26M Outstanding Shares, Can Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) Deliver Big Short-Term Gains?

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) currently has a daily average trading volume of 26.68M but it saw 39291351 shares traded in last market. With a market cap of 21.82M USD, the company’s current market price of $0.16 came rising about 12.77 while comparing to the previous closing price of $0.14. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.14 and as low as $0.12. In the recent trading on the day, stock has struck highest price mark of $0.144 while lowest mark touched by it was $0.1645.

Taking a look at 20-day trading activity of Tonix Pharmaceuticals Holding Corp (TNXP) gives us an average price of $0.1412, while its current price level is -99.28% below from 52-week high level whereas it is 34.75% 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 $0.2378 while that of 200 days or SMA-200 reads an average of $4.8522. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.53% during that period while stretching the period over a month that increases to 12.29%. 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 42.97 which implies that the stock is in neutral 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 9.43% up while it is 8.16% when we observe its performance for the past one month. Year-to-date it is -98.77% down and over the past year, the stock is showing a downside performance of -99.13%.

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 0.04 while price to sale or P/S ratio amounts to 1.75. Its return on asset (ROA) is -129.55% on average.