Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) price on Wednesday, December 04, fall -5.95% below its previous day’s close as a downside 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 $0.19, moving within a range at $0.1706 and $0.19. The beta value (5-Year monthly) was 2.077. Turning to its 52-week performance, $22.14 and $0.12 were the 52-week high and 52-week low respectively. Overall, TNXP moved 22.71% over the past month.
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Tonix Pharmaceuticals Holding Corp’s market cap currently stands at around $32.52 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 2.3M for the company’s revenue for the quarter, with a low and high estimate of 2.3M and 2.3M respectively. The average forecast suggests down to a -39.14% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 9.8M, representing a 26.16% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TNXP is a Hold. On the other hand, the stock is on average a 50% 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 5.32% and 10.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.41, while 7-day volatility ratio is 10.56% and 13.04% in the 30-day chart. Further, Tonix Pharmaceuticals Holding Corp (TNXP) has a beta value of 2.23, 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 104.27 over the past 10 days and 36.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 186.89 million shares.
The 0.00% of Tonix Pharmaceuticals Holding Corp’s shares are in the hands of company insiders while institutional holders own 1.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.67 million on 2024-10-31, giving us a short ratio of 0.35. The data shows that as of 2024-10-31 short interest in Tonix Pharmaceuticals Holding Corp (TNXP) stood at 548.0 of shares outstanding, with shares short falling to 8.29 million registered in 2024-09-30. Current price change has pushed the stock -98.65% 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.
