Tonix Pharmaceuticals Holding Corp. [TNXP] is -17.69% lower this YTD. Is it still time to buy?

Tonix Pharmaceuticals Holding Corp. [NASDAQ: TNXP] traded at a high on 10/12/21, posting a 6.83 gain after which it closed the day’ session at $0.56. The company report on October 7, 2021 that Tonix Pharmaceuticals to Participate in the A.G.P. Virtual Healthcare Conference.

Tonix Pharmaceuticals Holding Corp. (Nasdaq: TNXP) (Tonix or the Company), a clinical-stage biopharmaceutical company, announced that Seth Lederman, M.D., President and Chief Executive Officer of Tonix, has been invited to participate in a panel discussion at the A.G.P. Fall Virtual Biotech & Specialty Pharma Conference on October 13, 2021.

Event Details.

The results of the trading session contributed to over 11796196 shares changing hands. Over the past one week, the price volatility of Tonix Pharmaceuticals Holding Corp. stands at 5.45% while the volatility over the past one month is 5.45%.

The market cap for TNXP stock reached $204.84 million, with 331.28 million shares outstanding. Compared to the average trading volume of 11.69M shares, TNXP reached a trading volume of 11796196 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Tonix Pharmaceuticals Holding Corp. [TNXP]?

ROTH Capital have made an estimate for Tonix Pharmaceuticals Holding Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 18, 2019. The new note on the price target was released on August 18, 2017, representing the official price target for Tonix Pharmaceuticals Holding Corp. stock. On February 17, 2016, analysts decreased their price target for TNXP shares from 18 to 10.

The Average True Range (ATR) for Tonix Pharmaceuticals Holding Corp. is set at 0.03 The Price to Book ratio for the last quarter was 1.03, with the Price to Cash per share for the same quarter was set at 0.45.

How has TNXP stock performed recently?

Tonix Pharmaceuticals Holding Corp. [TNXP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.46. With this latest performance, TNXP shares dropped by -15.18% in over the last four-week period, additionally sinking by -49.03% over the last 6 months – not to mention a drop of -26.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TNXP stock in for the last two-week period is set at 39.46, with the RSI for the last a single of trading hit 42.39, and the three-weeks RSI is set at 38.26 for Tonix Pharmaceuticals Holding Corp. [TNXP]. The present Moving Average for the last 50 days of trading for this stock 0.6483, while it was recorded at 0.5361 for the last single week of trading, and 1.0055 for the last 200 days.

Tonix Pharmaceuticals Holding Corp. [TNXP]: Deeper insight into the fundamentals

Return on Total Capital for TNXP is now -102.32, given the latest momentum, and Return on Invested Capital for the company is -103.21. Return on Equity for this stock declined to -103.98, with Return on Assets sitting at -89.52. When it comes to the capital structure of this company, Tonix Pharmaceuticals Holding Corp. [TNXP] has a Total Debt to Total Equity ratio set at 1.50. Additionally, TNXP Total Debt to Total Capital is recorded at 1.47, with Total Debt to Total Assets ending up at 1.34. Long-Term Debt to Equity for the company is recorded at 0.82, with the Long-Term Debt to Total Capital now at 0.80.

Reflecting on the efficiency of the workforce at the company, Tonix Pharmaceuticals Holding Corp. [TNXP] managed to generate an average of -$2,968,412 per employee.Tonix Pharmaceuticals Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 21.90 and a Current Ratio set at 21.90.

Insider trade positions for Tonix Pharmaceuticals Holding Corp. [TNXP]

There are presently around $41 million, or 21.60% of TNXP stock, in the hands of institutional investors. The top three institutional holders of TNXP stocks are: BLACKROCK INC. with ownership of 26,501,101, which is approximately 248.582% of the company’s market cap and around 0.07% of the total institutional ownership; VANGUARD GROUP INC, holding 15,766,539 shares of the stock with an approximate value of $8.77 million in TNXP stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $4.0 million in TNXP stock with ownership of nearly -14.793% of the company’s market capitalization.

>> 7 Top Picks for the Post-Pandemic Economy <<

Positions in Tonix Pharmaceuticals Holding Corp. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 52 institutional holders increased their position in Tonix Pharmaceuticals Holding Corp. [NASDAQ:TNXP] by around 38,216,632 shares. Additionally, 31 investors decreased positions by around 4,557,943 shares, while 21 investors held positions by with 31,506,896 shares. The mentioned changes placed institutional holdings at 74,281,471 shares, according to the latest SEC report filing. TNXP stock had 36 new institutional investments in for a total of 6,089,671 shares, while 19 institutional investors sold positions of 2,447,253 shares during the same period.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on skype
Skype
Share on reddit
Reddit

Leave a Comment

Your email address will not be published. Required fields are marked *

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam