For TG Therapeutics Inc. [TGTX], Analyst sees a rise to $5. What next?


TG Therapeutics Inc. [NASDAQ: TGTX] closed the trading session at $3.87 on 06/15/22. The day’s price range saw the stock hit a low of $3.63, while the highest price level was $4.01. The company report on June 3, 2022 that TG Therapeutics Announces Presentation of Exploratory Analyses from the ULTIMATE I & II Phase 3 Trials of Ublituximab in Multiple Sclerosis at the 2022 Consortium of Multiple Sclerosis Centers Annual Meeting.

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TG Therapeutics, Inc. (NASDAQ: TGTX), today announced data presentations, including one oral and two poster presentations, highlighting data from exploratory and pooled analyses from the ULTIMATE I & II Phase 3 trials evaluating ublituximab in patients with relapsing forms of multiple sclerosis (RMS), presented at the Consortium of Multiple Sclerosis Centers (CMSC) annual meeting. Links to the presentations are included below.

Michael S. Weiss, Chairman and Chief Executive Officer of TG Therapeutics stated, “We are pleased to have presented three data sets at the CMSC conference yesterday. We believe these data further support the previously reported positive Phase 3 results from the ULTIMATE I and II studies.” Mr. Weiss continued, “We continue to be encouraged by the feedback received at this week’s conference, which reinforces our confidence in the commercial potential of ublituximab, if approved.”.

The stocks have a year to date performance of -79.63 percent and weekly performance of -22.75 percent. The stock has been moved at -75.18 percent over the last six months. The stock has performed -40.19 percent around the most recent 30 days and changed -56.07 percent over the most recent 3-months.

If compared to the average trading volume of 3.05M shares, TGTX reached to a volume of 4253421 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about TG Therapeutics Inc. [TGTX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGTX shares is $17.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGTX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for TG Therapeutics Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 20, 2022. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $49 to $35. The new note on the price target was released on February 23, 2022, representing the official price target for TG Therapeutics Inc. stock. Previously, the target price had yet another drop from $33 to $26, while Goldman kept a Sell rating on TGTX stock.

The Average True Range (ATR) for TG Therapeutics Inc. is set at 0.58, with the Price to Sales ratio for TGTX stock in the period of the last 12 months amounting to 74.61. The Price to Book ratio for the last quarter was 3.05, with the Price to Cash per share for the same quarter was set at 1.53.

TGTX stock trade performance evaluation

TG Therapeutics Inc. [TGTX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.75. With this latest performance, TGTX shares dropped by -40.19% in over the last four-week period, additionally sinking by -75.18% over the last 6 months – not to mention a drop of -89.46% 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 TGTX stock in for the last two-week period is set at 35.31, with the RSI for the last a single of trading hit 34.54, and the three-weeks RSI is set at 36.08 for TG Therapeutics Inc. [TGTX]. The present Moving Average for the last 50 days of trading for this stock 6.48, while it was recorded at 4.26 for the last single week of trading, and 17.03 for the last 200 days.

TG Therapeutics Inc. [TGTX]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and TG Therapeutics Inc. [TGTX] shares currently have an operating margin of -5154.28 and a Gross Margin at +88.19. TG Therapeutics Inc.’s Net Margin is presently recorded at -5204.08.

Return on Equity for this stock declined to -92.03, with Return on Assets sitting at -69.26.

TG Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.40 and a Current Ratio set at 4.40.

TG Therapeutics Inc. [TGTX]: Insider Ownership positions

There are presently around $396 million, or 71.20% of TGTX stock, in the hands of institutional investors. The top three institutional holders of TGTX stocks are: FMR LLC with ownership of 20,328,841, which is approximately -1.895% of the company’s market cap and around 8.00% of the total institutional ownership; VANGUARD GROUP INC, holding 12,130,963 shares of the stock with an approximate value of $46.7 million in TGTX stocks shares; and STATE STREET CORP, currently with $37.07 million in TGTX stock with ownership of nearly 65.321% of the company’s market capitalization.

Positions in TG Therapeutics Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 105 institutional holders increased their position in TG Therapeutics Inc. [NASDAQ:TGTX] by around 17,433,920 shares. Additionally, 95 investors decreased positions by around 16,152,375 shares, while 29 investors held positions by with 69,204,958 shares. The mentioned changes placed institutional holdings at 102,791,253 shares, according to the latest SEC report filing. TGTX stock had 31 new institutional investments in for a total of 3,548,771 shares, while 46 institutional investors sold positions of 11,098,699 shares during the same period.