In recent trading session, TG Therapeutics Inc (NASDAQ:TGTX) saw 0.29 million shares changing hands at last check today with its beta currently measuring 2.23. Company’s recent per share price level of $21.75 trading at $0.29 or 1.35% at last check today assigns it a market valuation of $3.37B. That most recent trading price of TGTX’s stock is at a discount of -18.16% from its 52-week high price of $25.70 and is indicating a premium of 70.3% from its 52-week low price of $6.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.55 million shares which gives us an average trading volume of 2.98 million if we extend that period to 3-months.
For TG Therapeutics Inc (TGTX), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.56. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.02 in the current quarter.
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TG Therapeutics Inc (NASDAQ:TGTX) trade information
Upright in the green today for gaining 1.35%, in the last five days TGTX remained trading in the red while hitting it’s week-highest on Tuesday, 09/03/24 when the stock touched $21.75 price level, adding 15.37% to its value on the day. TG Therapeutics Inc’s shares saw a change of 27.34% in year-to-date performance and have moved -7.49% in past 5-day. TG Therapeutics Inc (NASDAQ:TGTX) showed a performance of 8.80% in past 30-days. Number of shares sold short was 32.72 million shares which calculate 10.51 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 23 to the stock, which implies a rise of 5.43% to its recent value today. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 49. It follows that stock’s current price would jump 26.44% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.44% for stock’s current value.
TG Therapeutics Inc (TGTX) estimates and forecasts
Statistics highlight that TG Therapeutics Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.83% of value to its shares in past 6 months, showing an annual growth rate of 44.44% while that of industry is 15.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 40.50% 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 81.23M for the same. And 7 analysts are in estimates of company making revenue of 98.42M in the next quarter. Company posted 46.56M and 43.97M of sales in current and next quarters respectively a year earlier.
TG Therapeutics Inc (NASDAQ:TGTX)’s Major holders
Insiders are in possession of 9.59% of company’s total shares while institution are holding 61.04 percent of that, with stock having share float percentage of 67.51%. Investors also watch the number of corporate investors in a company very closely, which is 61.04% institutions for TG Therapeutics Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at TGTX for having 13.69 million shares of worth $243.58 million. And as of 2024-06-30, it was holding 9.3645 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 11.39 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7891 of outstanding shares, having a total worth of $202.6 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 4.31 shares of worth $93.51 million or 2.79% of the total outstanding shares. The later fund manager was in possession of 3.82 shares on Jul 31, 2024, making its stake of worth around $82.82 million in the company or a holder of 2.47% of company’s stock.
