Is Tevogen Bio Holdings Inc (NASDAQ: TVGN) A Good Stock To Invest In Right Now?

Tevogen Bio Holdings Inc (NASDAQ:TVGN) price on Friday, November 15, fall -1.35% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.46.

A look at the stock’s price movement, the close in the last trading session was $1.48, moving within a range at $1.37 and $1.568. The beta value (5-Year monthly) was -1.029. Turning to its 52-week performance, $21.09 and $0.26 were the 52-week high and 52-week low respectively. Overall, TVGN moved 5.80% over the past month.

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Tevogen Bio Holdings Inc’s market cap currently stands at around $249.15 million, with investors looking forward to this quarter’s earnings report slated for in December.

Turning to the stock’s technical picture we see that short term indicators suggest on average that TVGN is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.

TVGN’s current price about -26.09% and 30.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.99, while 7-day volatility ratio is 23.03% and 26.47% in the 30-day chart. Further, Tevogen Bio Holdings Inc (TVGN) has a beta value of -1.23, and an average true range (ATR) of 0.39.

If we refocus on Tevogen Bio Holdings Inc (NASDAQ:TVGN), historical trading data shows that trading volumes averaged 5.01 over the past 10 days and 15.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 170.65 million shares.

The 87.13% of Tevogen Bio Holdings Inc’s shares are in the hands of company insiders while institutional holders own 3.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.69 million on 2024-10-31, giving us a short ratio of 0.09. The data shows that as of 2024-10-31 short interest in Tevogen Bio Holdings Inc (TVGN) stood at 1170.0 of shares outstanding, with shares short rising to 0.58 million registered in 2024-09-30. Current price change has pushed the stock -86.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TVGN stock continues to rise going into the next quarter.

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