Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) price on Friday, October 25, rose 3.12% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.17.
A look at the stock’s price movement, the close in the last trading session was $0.16, moving within a range at $0.1622 and $0.1739. The beta value (5-Year monthly) was 2.087. Turning to its 52-week performance, $22.14 and $0.12 were the 52-week high and 52-week low respectively. Overall, TNXP moved 21.16% over the past month.
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Tonix Pharmaceuticals Holding Corp’s market cap currently stands at around $22.72 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TNXP is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend TNXP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TNXP’s current price about 7.78% and -14.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.90, while 7-day volatility ratio is 10.93% and 14.37% in the 30-day chart. Further, Tonix Pharmaceuticals Holding Corp (TNXP) has a beta value of 2.09, and an average true range (ATR) of 0.02.
If we refocus on Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP), historical trading data shows that trading volumes averaged 27.18 over the past 10 days and 30.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 137.26 million shares.
The 0.00% of Tonix Pharmaceuticals Holding Corp’s shares are in the hands of company insiders while institutional holders own 0.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 8.29 million on 2024-09-30, giving us a short ratio of 0.24. The data shows that as of 2024-09-30 short interest in Tonix Pharmaceuticals Holding Corp (TNXP) stood at 592.0 of shares outstanding, with shares short rising to 1.57 million registered in 2024-08-30. Current price change has pushed the stock -98.72% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TNXP stock continues to rise going into the next quarter.
