Taysha Gene Therapies Inc (NASDAQ: TSHA)’s Upward Trend Continues

The trading price of Taysha Gene Therapies Inc (NASDAQ:TSHA) closed higher on Tuesday, July 16, closing at $2.46, 0.82% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $4.32 and a 52-week low of $0.62. Over the past month, the stock has lost -41.01% in value.

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Taysha Gene Therapies Inc, whose market valuation is $495.39 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest TSHA has a 50% Sell 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% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that TSHA’s price is currently -3.32% off the SMA20 and -15.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.24, and weekly volatility stands at 6.90%. When measured over the past 30 days, the indicator reaches 11.76%. Taysha Gene Therapies Inc (NASDAQ:TSHA)’s beta value is currently sitting at 0.40, while the Average True Range indicator is currently displaying 0.25.

To see how Taysha Gene Therapies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TSHA stock’s performance was 0.82% in the latest trading, and 256.01% in the past year.

An evaluation of the daily trading volume of Taysha Gene Therapies Inc (NASDAQ:TSHA) indicates that the 3-month average is 2.68 million.

Currently, records show that 186.96 million of the company’s shares remain outstanding. The insiders hold 23.07% of outstanding shares, whereas institutions hold 65.08%. However, since the stock’s price has seen 38.98% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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