Tango Therapeutics Inc (NASDAQ: TNGX) is -47.68% lower on its value in year-to-date trading and has touched a low of $5.07 and a high of $13.01 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TNGX stock was last observed hovering at around $5.16 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $5.18, the stock is -18.02% and -34.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.67 million and changing 0.39% at the moment leaves the stock -41.69% off its SMA200. TNGX registered -38.33% loss for a year compared to 6-month loss of -34.01%. The firm has a 50-day simple moving average (SMA 50) of $8.0399 and a 200-day simple moving average (SMA200) of $8.911975.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -25.89% gain in the last 1 month and extending the period to 3 months gives it a -40.60%, and is -13.67% down 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 5.65% over the week and 6.95% over the month.
Tango Therapeutics Inc (TNGX) has around 140 employees, a market worth around $555.01M and $42.51M in sales. Profit margin for the company is -274.04%. Distance from 52-week low is 2.17% and -60.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-41.14%).
The EPS is expected to shrink by -22.90% this year.
Tango Therapeutics Inc (TNGX) Top Institutional Holders
179.0 institutions hold shares in Tango Therapeutics Inc (TNGX), with institutional investors hold 102.14% of the company’s shares. The shares outstanding are 102.20M, and float is at 59.11M with Short Float at 15.06%. Institutions hold 88.99% of the Float.
The top institutional shareholder in the company is TRV GP IV, LLC with over 19.2 million shares valued at $164.75 million. The investor’s holdings represent 17.751% of the TNGX Shares outstanding. As of 2024-06-30, the second largest holder is ECOR1 CAPITAL, LLC with 13.33 million shares valued at $114.38 million to account for 12.3237 of the shares outstanding. The other top investors are FMR LLC which holds 9.41 million shares representing 8.6983% and valued at over $80.73 million, while BOXER CAPITAL, LLC holds 7.5793 of the shares totaling 8.2 million with a market value of $70.34 million.
Tango Therapeutics Inc (TNGX) Insider Activity
The most recent transaction is an insider sale by Boxer Capital Management, LLC, the company’s. SEC filings show that Boxer Capital Management, LLC sold 633,000 shares of the company’s common stock on Oct 25 ’24 at a price of $6.87 per share for a total of $4.35 million. Following the sale, the insider now owns 6.69 million shares.
Still, SEC filings show that on Oct 21 ’24, Boxer Capital Management, LLC () disposed off 625,000 shares at an average price of $7.05 for $4.41 million. The insider now directly holds 7,573,642 shares of Tango Therapeutics Inc (TNGX).
