Tenaya Therapeutics Inc (NASDAQ:TNYA) does about 2.49M shares in volume on a normal day but saw 2419313 shares change hands in the recent trading day. The company now has a market cap of 138.38M USD. Its current market price is $0.85, marking a decrease of -0.69% compared to the previous close of $0.86. The 52 week high reached by this stock is $4.06 whilst the lowest price level in 52 weeks is $0.36.
If we look at the stock’s price movements over the week, volatility stands at 13.09%, which decreases to 9.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.90 to suggest the stock is overbought.
The consensus objective for the share price is $10.14, suggesting that the stock has a potential upside of 91.62% over the period.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
H.C. Wainwright initiated its price target at $25.
The current price level is 22.28%, 45.41%, and -29.99% away from its SMA20, SMA50, and SMA200 respectively, with the TNYA price moving below the 50-day SMA on current market day. Tenaya Therapeutics Inc (TNYA) stock is up 23.29% over the week and 44.90% over the past month. Its price is -74.83% year-to-date and -40.51% over the past year.
To reach the target analysts have set, the stock logically needs to grow 91.62 percent from here.
Outstanding shares total 162.66M with insiders holding 0.72% of the shares and institutional holders owning 59.67% of the company’s common stock. The company has a return on investment of -81.66% and return on equity of -76.21%. The beta has a value of 3.03. Price to book ratio is 1.16.
