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With 31.58% Distance From Low, Is TRACON Pharmaceuticals Inc (NASDAQ:TCON) Poised For More Gains?

In last trading session, TRACON Pharmaceuticals Inc (NASDAQ:TCON) saw 0.7 million shares changing hands with its beta currently measuring 0.81. Company’s recent per share price level of $0.19 trading at -$0.01 or -3.99% at ring of the bell on the day assigns it a market valuation of $5.85M. That closing price of TCON’s stock is at a discount of -1052.63% from its 52-week high price of $2.19 and is indicating a premium of 31.58% from its 52-week low price of $0.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.87 million shares which gives us an average trading volume of 5.18 million if we extend that period to 3-months.

TRACON Pharmaceuticals Inc (NASDAQ:TCON) trade information

Upright in the red during last session for losing -3.99%, in the last five days TCON remained trading in the red while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $0.19 price level, adding 6.91% to its value on the day. TRACON Pharmaceuticals Inc’s shares saw a change of 7.31% in year-to-date performance and have moved -4.62% in past 5-day. TRACON Pharmaceuticals Inc (NASDAQ:TCON) showed a performance of 7.43% in past 30-days. Number of shares sold short was 0.85 million shares which calculate 0.3 days to cover the short interests.

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TRACON Pharmaceuticals Inc (TCON) estimates and forecasts

Statistics highlight that TRACON Pharmaceuticals Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -43.98% of value to its shares in past 6 months, showing an annual growth rate of 88.49% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1 million for the same.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 34.33% during past 5 years.

TCON Dividends

TRACON Pharmaceuticals Inc is more likely to be releasing its next quarterly report between March 06 and March 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

On Key

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