Tonix Pharmaceuticals Holding Corp [NASDAQ: TNXP] plunged by -$0.02 during the normal trading session on while it closed the day at $0.17.
Tonix Pharmaceuticals Holding Corp stock has also loss -3.91% of its value over the past 7 days. However, TNXP stock has declined by -45.81% in the 3 months of the year. Over the past six months meanwhile, it has lost -64.38% and lost -56.70% year-on date.
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The market cap for TNXP stock reached $16.67 million, with 95.54 million shares outstanding and 95.54 million shares in the current float. Compared to the average trading volume of 2.59M shares, TNXP reached a trading volume of 3330111 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 Tonix Pharmaceuticals Holding Corp [TNXP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TNXP shares is $2.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TNXP stock is a recommendation set at 1.00. 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.
Noble Capital Markets have made an estimate for Tonix Pharmaceuticals Holding Corp shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 18, 2022. The new note on the price target was released on April 18, 2019, representing the official price target for Tonix Pharmaceuticals Holding Corp stock. Previously, the target price had yet another raise to $6, while ROTH Capital analysts kept a Buy rating on TNXP stock.
The Average True Range (ATR) for Tonix Pharmaceuticals Holding Corp is set at 0.02, with the Price to Sales ratio for TNXP stock in the period of the last 12 months amounting to 1.63. The Price to Book ratio for the last quarter was 0.12, with the Price to Cash per share for the same quarter was set at 0.07.
TNXP stock trade performance evaluation
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 -3.91. With this latest performance, TNXP shares gained by 9.06% in over the last four-week period, additionally sinking by -64.38% over the last 6 months – not to mention a drop of -90.14% 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 43.52, with the RSI for the last a single of trading hit 43.45, and the three-weeks RSI is set at 42.10 for Tonix Pharmaceuticals Holding Corp [TNXP]. The present Moving Average for the last 50 days of trading for this stock 0.2082, while it was recorded at 0.1871 for the last single week of trading, and 0.4602 for the last 200 days.
Tonix Pharmaceuticals Holding Corp [TNXP]: An insightful look at the core fundamentals
Tonix Pharmaceuticals Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.87 and a Current Ratio set at 1.47.
Tonix Pharmaceuticals Holding Corp [TNXP]: Institutional Ownership
The top three institutional holders of TNXP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TNXP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TNXP stock with ownership which is approximately 5.8386%.
