Look Past The Setbacks And Give Tempest Therapeutics Inc (NASDAQ: TPST) Another Chance

Tempest Therapeutics Inc (NASDAQ:TPST) currently has a daily average trading volume of 3.41M but it saw 1466258 shares traded in last market. With a market cap of 36.90M USD, the company’s current market price of $0.85 came falling about -4.56 while comparing to the previous closing price of $0.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.00 and as low as $0.80. In the recent trading on the day, stock has struck highest price mark of $0.8301 while lowest mark touched by it was $0.89.

Taking a look at 20-day trading activity of Tempest Therapeutics Inc (TPST) gives us an average price of $0.9068, while its current price level is -85.91% below from 52-week high level whereas it is 5.69% 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 $1.0351 while that of 200 days or SMA-200 reads an average of $2.2115. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.01% during that period while stretching the period over a month that increases to 8.76%. 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 36.14 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which initiated the stock as “Sector Outperform” in its note to investors issued on March 14, 2024, recommending a price target of $13 for it.

Over the week, TPST’s stock price is moving -3.26% down while it is -23.14% when we observe its performance for the past one month. Year-to-date it is -80.78% down and over the past year, the stock is showing a downside performance of -73.07%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.25 while estimate for next year EPS is -1.32.

Currently, Tempest Therapeutics Inc’s total number of outstanding shares is 43.64M. Company’s return on investment (ROI) stands at -178.81% and return on equity (ROE) at -691.89%. Stock’s beta reads -1.72. Stock has a price to book (P/B) ratio of 1.96. Its return on asset (ROA) is -122.85% on average.