In the last trading session, 1.95 million Taysha Gene Therapies Inc (NASDAQ:TSHA) shares changed hands as the company’s beta touched -0.14. With the company’s per share price at $1.70 changed hands at $0.13 or 8.28% during last session, the market valuation stood at $317.83M. TSHA’s last price was a discount, traded about -128.82% off its 52-week high of $3.89. The share price had its 52-week low at $0.50, which suggests the last value was 70.59% up since then. When we look at Taysha Gene Therapies Inc’s average trading volume, we note the 10-day average is 4.14 million shares, with the 3-month average coming to 2.81 million.
Analysts gave the Taysha Gene Therapies Inc (TSHA) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 1 recommended TSHA as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Taysha Gene Therapies Inc’s EPS for the current quarter is expected to be -$0.11.
Taysha Gene Therapies Inc (NASDAQ:TSHA) trade information
Instantly TSHA was in green as seen at the end of in last trading. With action 12.96%, the performance over the past five days has been green. The jump to weekly highs of 2.3500 on Friday, 11/17/23 added 8.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -24.78%, with the 5-day performance at 12.96% in the green. However, in the 30-day time frame, Taysha Gene Therapies Inc (NASDAQ:TSHA) is -17.87% down. Looking at the short shares, we see there were 9.76 million shares sold at short interest cover period of 6.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is $5.50, meaning bulls need an upside of 69.09% from its current market value. According to analyst projections, TSHA’s forecast low is $2.00 with $7.50 as the target high. To hit the forecast high, the stock’s price needs a -341.18% plunge from its current level, while the stock would need to soar -17.65% for it to hit the projected low.
Taysha Gene Therapies Inc (TSHA) estimates and forecasts
Data shows that the Taysha Gene Therapies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 129.89% over the past 6 months, a 55.03% in annual growth rate that is considerably higher than the industry average of 15.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Taysha Gene Therapies Inc will rise 88.90%, while the growth in revenue is estimated to hit 78.60% for the next quarter. Year-over-year growth is forecast to reach 478.70% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $2.83 million. 7 analysts are of the opinion that Taysha Gene Therapies Inc’s revenue for the quarter ending Mar 2024 will be $1.64 million. The company’s revenue for the corresponding quarters a year ago was $2.5 million and $70k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.10%. The estimates for the next quarter sales put growth at 2,242.90%.
The 2023 estimates are for Taysha Gene Therapies Inc earnings to increase by 61.14%.
Taysha Gene Therapies Inc is expected to release its next quarterly earnings report on November 14.
Taysha Gene Therapies Inc (NASDAQ:TSHA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 39.33% of Taysha Gene Therapies Inc shares while 28.69% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.28%. There are 28.69% institutions holding the Taysha Gene Therapies Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 0.85% of the shares, roughly 1.59 million TSHA shares worth $1.05 million.
Tybourne Capital Management (HK) Limited holds the second largest percentage of outstanding shares, with 0.80% or 1.5 million shares worth $0.99 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Fidelity Select Portfolios – Biotechnology. With 1.16 million shares estimated at $0.77 million under it, the former controlled 0.62% of total outstanding shares. On the other hand, Fidelity Select Portfolios – Biotechnology held about 0.43% of the shares, roughly 0.81 million shares worth around $2.6 million.