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TG Therapeutics Inc (TGTX) Stock Could Soon Reward Patient Investors

TG Therapeutics Inc (NASDAQ: TGTX) is 16.57% higher on its value in year-to-date trading and has touched a low of $6.46 and a high of $26.95 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 $19.55 in the last trading session, with the day’s gains setting it 0.36%.

Currently trading at $19.91, the stock is 13.49% and 18.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing 1.84% at the moment leaves the stock 38.53% off its SMA200. TGTX registered -20.23% loss for a year compared to 6-month loss of 1.32%.

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The stock witnessed a 25.93% gain in the last 1 month and extending the period to 3 months gives it a 33.00%, and is 9.70% 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 4.70% over the week and 5.15% over the month.

TG Therapeutics Inc (TGTX) has around 264 employees, a market worth around $3.08B and $289.33M in sales. Current P/E ratio is 90.29 and Fwd P/E is 33.60. Profit margin for the company is 14.24%. Distance from 52-week low is 208.20% and -26.12% from its 52-week high. The company has generated returns on investments over the last 12 months (15.24%).

The EPS is expected to shrink by -139.51% this year.

TG Therapeutics Inc (TGTX) Top Institutional Holders

The shares outstanding are 151.42M, and float is at 137.71M with Short Float at 24.37%.

TG Therapeutics Inc (TGTX) Insider Activity

The most recent transaction is an insider sale by Lonial Sagar,the company’sDirector. SEC filings show that Lonial Sagar sold 16,348 shares of the company’s common stock on Jun 20 ’24 at a price of $16.87 per share for a total of $0.28 million. Following the sale, the insider now owns 0.11 million shares.

TG Therapeutics Inc disclosed in a document filed with the SEC on Jun 17 ’24 that Lonial Sagar (Director) sold a total of 9,585 shares of the company’s common stock. The trade occurred on Jun 17 ’24 and was made at $16.39 per share for $0.16 million. Following the transaction, the insider now directly holds 99293.0 shares of the TGTX stock.

Still, SEC filings show that on Mar 13 ’24, Lonial Sagar (Director) disposed off 5,000 shares at an average price of $15.94 for $79675.0. The insider now directly holds 108,878 shares of TG Therapeutics Inc (TGTX).

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