Tenaya Therapeutics Inc (NASDAQ:TNYA) traded at $2.38 at close of the session on current trade day and made an upward move of 10.19% on its previous day’s price.
Looking at the stock we see that its previous close was $2.16 and the beta (5Y monthly) reads 2.347 with the day’s price range being $2.1 – $2.39. In terms of its 52-week price range, TNYA has a high of $7.01 and a low of $1.61. The company’s stock has gained about 30.05% over that past 30 days.
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Tenaya Therapeutics Inc has a market cap of $207.74 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.31, with the EPS growth for the year raised at -1.33 for current year and -1.33 for next year.
On the other hand, looking at the outlook for the TNYA stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Tenaya Therapeutics Inc (TNYA) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 8.35% off its SMA20 and 17.99% from its 50-day simple moving average. The RSI (14) is pointing at 56.20 while the volatility over the past week is 12.48% and jumps to 13.97% over the past one month. The beta value is 2.37, while the average true range (ATR) is currently pointing at 0.30.
Coming back to Tenaya Therapeutics Inc (NASDAQ:TNYA), we note that the average 3-month trading volume was 2.02 million, while that of the preceding 10-day period stands at 4.45 million. Current shares outstanding are 68.33 million.
The insiders hold 17.22% of the company’s shares while institutions hold 57.28%. The data shows that short shares as of 2024-10-31, stood at 5.24 million at a short ratio of 8.19. This represents a 948.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 5.08 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -26.54% down in year-to-date price movement.
