TG Therapeutics Inc [NASDAQ: TGTX] stock went on an upward path that rose over 14.09% on Monday, amounting to a one-week price increase of more than 21.99%.
Over the last 12 months, TGTX stock rose by 142.44%. The one-year TG Therapeutics Inc stock forecast points to a potential upside of 25.36. The average equity rating for TGTX stock is currently 1.56, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $3.90 billion, with 151.42 million shares outstanding and 137.80 million shares in the current float. Compared to the average trading volume of 2.76M shares, TGTX stock reached a trading volume of 10421345 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $33.75 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 1.56. 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.
Goldman have made an estimate for TG Therapeutics Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2023. While these analysts kept the previous recommendation, Jefferies dropped their target price from $55 to $40. The new note on the price target was released on June 26, 2023, representing the official price target for TG Therapeutics Inc stock. Previously, the target price had yet another raise to $5, while BofA Securities analysts kept a Underperform rating on TGTX stock. On February 23, 2022, analysts decreased their price target for TGTX shares from 49 to 35.
The Average True Range (ATR) for TG Therapeutics Inc is set at 1.44, with the Price to Sales ratio for TGTX stock in the period of the last 12 months amounting to 11.25. The Price to Book ratio for the last quarter was 21.96, with the Price to Cash per share for the same quarter was set at 1.40. Price to Free Cash Flow for TGTX in the course of the last twelve months was 57.50 with Quick ratio for the last quarter at 2.83.
TGTX Stock Performance Analysis:
TG Therapeutics Inc [TGTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.99. With this latest performance, TGTX shares gained by 19.95% in over the last four-week period, additionally plugging by 82.14% over the last 6 months – not to mention a rise of 142.44% 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 72.38, with the RSI for the last a single of trading hit 78.52, and the three-weeks RSI is set at 68.84 for TG Therapeutics Inc [TGTX]. The present Moving Average for the last 50 days of trading for this stock 19.35, while it was recorded at 22.06 for the last single week of trading, and 16.30 for the last 200 days.
Insight into TG Therapeutics Inc Fundamentals:
TG Therapeutics Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.83 and a Current Ratio set at 3.58.
TG Therapeutics Inc [TGTX] Institutonal Ownership Details
The top three institutional holders of TGTX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in TGTX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in TGTX stock with ownership which is approximately 5.1238%.
