Taysha Gene Therapies Inc (NASDAQ:TSHA) shares, rose in value, with the stock price down by -6.68% to the previous day’s close as strong demand from buyers drove the stock to $1.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.87, falling within a range of $1.73 and $1.87. The value of beta (5-year monthly) is 0.378. Referring to stock’s 52-week performance, its high was $4.32, and the low was $1.27. On the whole, TSHA has fluctuated by -14.88% over the past month.
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With the market capitalization of Taysha Gene Therapies Inc currently standing at about $357.62 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-12.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSHA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TSHA currently trading nearly -11.54% and -15.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.51, while the 7-day volatility ratio is showing 4.33% which for the 30-day chart, stands at 4.11%. Furthermore, Taysha Gene Therapies Inc (TSHA)’s beta value is 0.38, and its average true range (ATR) is 0.09.
A comparison of Taysha Gene Therapies Inc (TSHA) with its peers suggests the former has fared considerably weaker in the market. TSHA showed an intraday change of -6.68% in today’s session so far, and over the past year, it shrunk by -25.43%%.
Data on historical trading for Taysha Gene Therapies Inc (NASDAQ:TSHA) indicates that the trading volumes over the past 10 days have averaged 1.58 and over the past 3 months, they’ve averaged 1.53 million. According to company’s latest data on outstanding shares, there are 186.96 million shares outstanding.
Nearly 22.67% of Taysha Gene Therapies Inc’s shares belong to company insiders and institutional investors own 72.81% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.7 million shares as on 2024-10-15, resulting in a short ratio of 10.85. According to the data, the short interest in Taysha Gene Therapies Inc (TSHA) stood at 1333.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 19.83 million. The stock has fallen by -1.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSHA stock heading into the next quarter.
