Tarsus Pharmaceuticals Inc (NASDAQ:TARS) shares, rose in value on Friday, November 01, with the stock price up by 4.13% to the previous day’s close as strong demand from buyers drove the stock to $46.33.
Actively observing the price movement in the recent trading, the stock is buoying the session at $44.49, falling within a range of $44.75 and $46.92. The value of beta (5-year monthly) is 1.078. Referring to stock’s 52-week performance, its high was $46.71, and the low was $13.91. On the whole, TARS has fluctuated by 43.57% over the past month.
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With the market capitalization of Tarsus Pharmaceuticals Inc currently standing at about $1.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-07.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 162.95M, with a low estimate of 41.2M and a high estimate of 45M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 43.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TARS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TARS currently trading nearly 20.49% and 36.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 84.19, while the 7-day volatility ratio is showing 8.32% which for the 30-day chart, stands at 5.43%. Furthermore, Tarsus Pharmaceuticals Inc (TARS)’s beta value is 1.00, and its average true range (ATR) is 2.13.
A comparison of Tarsus Pharmaceuticals Inc (TARS) with its peers suggests the former has fared considerably weaker in the market. TARS showed an intraday change of 4.13% in today’s session so far, and over the past year, it grew by 219.29%%.
Data on historical trading for Tarsus Pharmaceuticals Inc (NASDAQ:TARS) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 741.63K. According to company’s latest data on outstanding shares, there are 34.21 million shares outstanding.
Nearly 16.42% of Tarsus Pharmaceuticals Inc’s shares belong to company insiders and institutional investors own 100.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.68 million shares as on 2024-10-15, resulting in a short ratio of 17.98. According to the data, the short interest in Tarsus Pharmaceuticals Inc (TARS) stood at 2637.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 9.49 million. The stock has risen by 128.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TARS stock heading into the next quarter.
