Tonix Pharmaceuticals Holding Corp (NASDAQ: TNXP) Now $0.12 Higher From Its Low (0.03), Does It Still Have A Growth Story?

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) currently has a daily average trading volume of 30.52M but it saw 14269239 shares traded in last market. With a market cap of 21.19M USD, the company’s current market price of $0.15 came falling about -8.10 while comparing to the previous closing price of $0.17. 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 $0.1521 while lowest mark touched by it was $0.1774.

Taking a look at 20-day trading activity of Tonix Pharmaceuticals Holding Corp (TNXP) gives us an average price of $0.1579, while its current price level is -99.30% below from 52-week high level whereas it is 30.85% 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 $0.1792 while that of 200 days or SMA-200 reads an average of $4.3122. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.41% during that period while stretching the period over a month that increases to 12.70%. 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 42.70 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 -8.10% down while it is 13.95% when we observe its performance for the past one month. Year-to-date it is -98.80% down and over the past year, the stock is showing a downside performance of -99.16%.

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 2.10. Stock has a price to book (P/B) ratio of 0.04 while price to sale or P/S ratio amounts to 1.70. Its return on asset (ROA) is -129.55% on average.