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Alaunos Therapeutics Inc. (NASDAQ: TCRT) Still Pointing Downwards

The trading price of Alaunos Therapeutics Inc. (NASDAQ:TCRT) closed lower on Tuesday, June 21, closing at $0.81, -6.54% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.77 and $0.8839. In examining the 52-week price action we see that the stock hit a 52-week high of $2.94 and a 52-week low of $0.41. Over the past month, the stock has gained 67.96% in value.

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Alaunos Therapeutics Inc., whose market valuation is $170.94 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.07 per share this quarter, however they have predicted annual earnings per share of -$0.23 for 2022 and -$0.26 for 2023. It means analysts are expecting annual earnings per share growth of 37.80% this year and -13.00% next year.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Alaunos Therapeutics Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TCRT has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.

A quick review shows that TCRT’s price is currently 24.51% off the SMA20 and 40.61% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.87, and weekly volatility stands at 13.06%. When measured over the past 30 days, the indicator reaches 16.74%. Alaunos Therapeutics Inc. (NASDAQ:TCRT)’s beta value is currently sitting at 0.88, while the Average True Range indicator is currently displaying 0.10.

To see how Alaunos Therapeutics Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: TCRT stock’s performance was -6.54% in the latest trading, and -69.24% in the past year. Another comparable company Statera Biopharma Inc. (STAB) saw its stock close -0.58% lower in the most recent trading session but was down -95.27% in a year. Furthermore, Bristol-Myers Squibb Company (BMY) showed an increase of 3.66% on the day while its price kept inclining at 14.42% over the past year. Also in last trading session, the S&P 500 Index has surged 2.45%, while the Dow Jones Industrial also saw a positive session, up 2.15% on the day.

An evaluation of the daily trading volume of Alaunos Therapeutics Inc. (NASDAQ:TCRT) indicates that the 3-month average is 2.98 million.

Currently, records show that 214.95 million of the company’s shares remain outstanding. The insiders hold 0.10% of outstanding shares, whereas institutions hold 53.70%. However, since the stock’s price has seen -25.79% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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