TG Therapeutics Inc (NASDAQ: TGTX) is 5.15% higher on its value in year-to-date trading and has touched a low of $6.46 and a high of $35.67 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TGTX stock was last observed hovering at around $17.22 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $17.96, the stock is 22.01% and 11.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.84 million and changing 4.30% at the moment leaves the stock 14.37% off its SMA200. TGTX registered 17.23% gain for a year compared to 6-month gain of 69.59%. The firm has a 50-day simple moving average (SMA 50) of $11.03 and a 200-day simple moving average (SMA200) of $100.40.
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The stock witnessed a 10.59% loss in the last 1 month and extending the period to 3 months gives it a 43.80%, and is 34.83% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.45% over the week and 5.81% over the month.
TG Therapeutics Inc (TGTX) has around 264 employees, a market worth around $2.77B and $233.66M in sales. Current P/E ratio is 1273.76 and Fwd P/E is 40.95. Profit margin for the company is 5.42%. Distance from 52-week low is 178.02% and -49.65% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
TG Therapeutics Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $54.58M over the same period.The EPS is expected to shrink by -262.50% this year, but quarterly earnings will post 12.60% year-over-year. Quarterly sales are estimated to grow 599.50% in year-over-year returns.
TG Therapeutics Inc (TGTX) Top Institutional Holders
299 institutions hold shares in TG Therapeutics Inc (TGTX), with institutional investors hold 64.73% of the company’s shares. The shares outstanding are 151.42M, and float is at 139.12M with Short Float at 25.72%. Institutions hold 59.25% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.46 million shares valued at $334.22 million. The investor’s holdings represent 8.91% of the TGTX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 9.92 million shares valued at $246.35 million to account for 6.57% of the shares outstanding. The other top investors are Darwin Global Management, Ltd. which holds 9.28 million shares representing 6.15% and valued at over $230.48 million, while FMR, LLC holds 4.03% of the shares totaling 6.08 million with a market value of $151.05 million.
TG Therapeutics Inc (TGTX) Insider Activity
A total of 5 insider transactions have happened at TG Therapeutics Inc (TGTX) in the last six months, with sales accounting for 1 and purchases happening 4 times. The most recent transaction is an insider sale by Charney Laurence N,the company’sDirector. SEC filings show that Charney Laurence N sold 17,500 shares of the company’s common stock on Jan 05 at a price of $19.03 per share for a total of $0.33 million. Following the sale, the insider now owns 0.24 million shares.
TG Therapeutics Inc disclosed in a document filed with the SEC on Jan 03 that Power Sean A (CFO) sold a total of 47,867 shares of the company’s common stock. The trade occurred on Jan 03 and was made at $16.91 per share for $0.81 million. Following the transaction, the insider now directly holds 0.61 million shares of the TGTX stock.
Still, SEC filings show that on Aug 11, WEISS MICHAEL S (CEO and President) acquired 100,000 shares at an average price of $10.13 for $1.01 million. The insider now directly holds 12,073,021 shares of TG Therapeutics Inc (TGTX).
TG Therapeutics Inc (TGTX): Who are the competitors?
The company’s main competitors (and peers) include Dr. Reddy’s Laboratories Ltd. ADR (RDY) that is trading 37.82% up over the past 12 months. Infinity Pharmaceuticals Inc. (INFIQ) that is -100.00% lower over the same period.
