In last trading session, Tarsus Pharmaceuticals Inc (NASDAQ:TARS) saw 1.14 million shares changing hands with its beta currently measuring 1.07. Company’s recent per share price level of $29.03 trading at $2.86 or 10.93% at ring of the bell on the day assigns it a market valuation of $1.10B. That closing price of TARS’s stock is at a discount of -46.4% from its 52-week high price of $42.50 and is indicating a premium of 56.7% from its 52-week low price of $12.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.5 million shares which gives us an average trading volume of 757.97K if we extend that period to 3-months.
For Tarsus Pharmaceuticals Inc (TARS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.38. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.93 in the current quarter.
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Tarsus Pharmaceuticals Inc (NASDAQ:TARS) trade information
Upright in the green during last session for gaining 10.93%, in the last five days TARS remained trading in the green while hitting it’s week-highest on Wednesday, 09/04/24 when the stock touched $29.03 price level, adding 1.59% to its value on the day. Tarsus Pharmaceuticals Inc’s shares saw a change of 43.36% in year-to-date performance and have moved 7.56% in past 5-day. Tarsus Pharmaceuticals Inc (NASDAQ:TARS) showed a performance of 34.77% in past 30-days. Number of shares sold short was 9.54 million shares which calculate 10.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 61 to the stock, which implies a rise of 52.41% to its current value. Analysts have been projecting 61 as a low price target for the stock while placing it at a high target of 61. It follows that stock’s current price would drop -110.13% in reaching the projected high whereas dropping to the targeted low would mean a loss of -110.13% for stock’s current value.
Tarsus Pharmaceuticals Inc (TARS) estimates and forecasts
Statistics highlight that Tarsus Pharmaceuticals Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -18.84% of value to its shares in past 6 months, showing an annual growth rate of 20.35% while that of industry is 17.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 827.60% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 42.95M for the same. And 7 analysts are in estimates of company making revenue of 50.37M in the next quarter. Company posted 400k and 13.08M of sales in current and next quarters respectively a year earlier.
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 -132.82% during past 5 years.
Tarsus Pharmaceuticals Inc (NASDAQ:TARS)’s Major holders
Insiders are in possession of 8.77% of company’s total shares while institution are holding 111.22 percent of that, with stock having share float percentage of 121.91%. Investors also watch the number of corporate investors in a company very closely, which is 111.22% institutions for Tarsus Pharmaceuticals Inc that are currently holding shares of the company. RTW INVESTMENTS, LP is the top institutional holder at TARS for having 3.41 million shares of worth $92.75 million. And as of 2024-06-30, it was holding 9.6669 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 3.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.254 of outstanding shares, having a total worth of $88.79 million.
