Tenax Therapeutics Inc. [TENX] is -89.60% lower this YTD. Is it still time to buy?

Tenax Therapeutics Inc. [NASDAQ: TENX] plunged by -$0.03 during the normal trading session on Thursday and reaching a high of $0.2109 during the day while it closed the day at $0.11. The company report on November 3, 2022 that TENX: Agility Required to Unlock Considerable Upside.

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By John Vandermosten, CFA.

Tenax Therapeutics Inc. stock has also loss -19.25% of its value over the past 7 days. However, TENX stock has declined by -62.04% in the 3 months of the year. Over the past six months meanwhile, it has lost -82.86% and lost -89.60% year-on date.

The market cap for TENX stock reached $2.75 million, with 25.21 million shares outstanding and 16.08 million shares in the current float. Compared to the average trading volume of 609.31K shares, TENX reached a trading volume of 38902680 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 Tenax Therapeutics Inc. [TENX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TENX shares is $4.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TENX 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.

Ladenburg Thalmann have made an estimate for Tenax Therapeutics Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 18, 2017. While these analysts kept the previous recommendation, MLV & Co raised their target price to Buy. The new note on the price target was released on December 16, 2014, representing the official price target for Tenax Therapeutics Inc. stock. Previously, the target price had yet another raise to $12, while WallachBeth analysts kept a Buy rating on TENX stock.

The Average True Range (ATR) for Tenax Therapeutics Inc. is set at 0.03 The Price to Book ratio for the last quarter was 0.40.

TENX stock trade performance evaluation

Tenax Therapeutics Inc. [TENX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.25. With this latest performance, TENX shares dropped by -41.51% in over the last four-week period, additionally sinking by -82.86% over the last 6 months – not to mention a drop of -93.06% 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 TENX stock in for the last two-week period is set at 29.42, with the RSI for the last a single of trading hit 23.88, and the three-weeks RSI is set at 32.55 for Tenax Therapeutics Inc. [TENX]. The present Moving Average for the last 50 days of trading for this stock 0.1840, while it was recorded at 0.1279 for the last single week of trading, and 0.4573 for the last 200 days.

Tenax Therapeutics Inc. [TENX]: An insightful look at the core fundamentals

Return on Equity for this stock declined to -732.21, with Return on Assets sitting at -505.01.

Tenax Therapeutics Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 5.60.

Tenax Therapeutics Inc. [TENX]: Insider Ownership positions

There are presently around $1 million, or 27.50% of TENX stock, in the hands of institutional investors. The top three institutional holders of TENX stocks are: GOFEN & GLOSSBERG LLC /IL/ with ownership of 3,819,170, which is approximately 0% of the company’s market cap and around 18.50% of the total institutional ownership; ARMISTICE CAPITAL, LLC, holding 1,597,049 shares of the stock with an approximate value of $0.17 million in TENX stocks shares; and BLACKROCK INC., currently with $52000.0 in TENX stock with ownership of nearly -6.198% of the company’s market capitalization.

8 institutional holders increased their position in Tenax Therapeutics Inc. [NASDAQ:TENX] by around 121,079 shares. Additionally, 8 investors decreased positions by around 1,273,376 shares, while 15 investors held positions by with 5,535,826 shares. The mentioned changes placed institutional holdings at 6,930,281 shares, according to the latest SEC report filing. TENX stock had 6 new institutional investments in for a total of 116,265 shares, while 5 institutional investors sold positions of 817,577 shares during the same period.


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