The trading price of Theratechnologies Inc (NASDAQ:THTX) closed lower on Friday, January 17, and closing at $1.72, -0.58% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.6901 and $1.75. In examining the 52-week price action we see that the stock hit a 52-week high of $2.18 and a 52-week low of $1.08. Over the past month, the stock has gained 4.88% in value.
Theratechnologies Inc, whose market valuation is $41.62 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest THTX has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned THTX a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Theratechnologies Inc (THTX) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that THTX’s price is currently -5.25% off the SMA20 and 13.18% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.32, and weekly volatility stands at 7.40%. When measured over the past 30 days, the indicator reaches 8.42%. Theratechnologies Inc (NASDAQ:THTX)’s beta value is currently sitting at 1.29, while the Average True Range indicator is currently displaying 0.13.
To see how Theratechnologies Inc stock has been performing in comparison to its peers in the industry, here are the numbers: THTX stock’s performance was -0.58% in the latest trading, and -15.69% in the past year.
An evaluation of the daily trading volume of Theratechnologies Inc (NASDAQ:THTX) indicates that the 3-month average is 95.74K. However, this figure has increased over the past 10 days to an average of 0.16.
Currently, records show that 45.98 million of the company’s shares remain outstanding. The insiders hold 21.08% of outstanding shares, whereas institutions hold 60.26%. The stats also highlight that short interest as of 2024-12-31, stood at 82491.0 shares, resulting in a short ratio of 0.51 at that time. From this, we can conclude that short interest is 18.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 43799.0. However, since the stock’s price has seen -4.97% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
