In today’s recent session, 0.55 million shares of the Taysha Gene Therapies Inc (NASDAQ:TSHA) have been traded, and its beta is 0.38. Most recently the company’s share price was $1.99, and it changed around -$0.02 or -1.24% from the last close, which brings the market valuation of the company to $406.81M. TSHA at last check was trading at a discount to its 52-week high of $4.32, offering almost -117.09% off that amount. The share price’s 52-week low was $1.27, which indicates that the recent value has risen by an impressive 36.18% since then. We note from Taysha Gene Therapies Inc’s average daily trading volume that its 10-day average is 2.06 million shares, with the 3-month average coming to 1.52 million.
Taysha Gene Therapies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.09. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended TSHA as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Taysha Gene Therapies Inc is expected to report earnings per share of -0.09 for the current quarter.
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Taysha Gene Therapies Inc (NASDAQ:TSHA) trade information
Instantly TSHA has been showing red trend so far today with a performance of -1.24% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.11 on recent trading dayincreased the stock’s daily price by 5.69%. The company’s shares are currently up 12.15% year-to-date, but still down -1.24% over the last five days. On the other hand, Taysha Gene Therapies Inc (NASDAQ:TSHA) is -2.70% down in the 30-day period. We can see from the shorts that 19.83 million shares have been sold at a short interest cover period of 17.01 day(s).
The consensus price target as assigned by Wall Street analysts is $8.5, which translates to bulls needing to increase their stock price by 76.59% from its current value. Analyst projections state that TSHA is forecast to be at a low of $5 and a high of $44.
Taysha Gene Therapies Inc (TSHA) estimates and forecasts
Taysha Gene Therapies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.93 percent over the past six months and at a 63.54% annual growth rate that is well above the industry average of 21.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 90.30% in revenue this quarter, and will report a decrease of -109.80% in the next quarter. The year-over-year growth rate is expected to be -45.80%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 1.65M in revenue for the current quarter. 11 analysts expect Taysha Gene Therapies Inc to make 2.33M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.75M and 3.6M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -65.20%. Forecasts for the next quarter put sales growth at -35.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -137.69%.
TSHA Dividends
Taysha Gene Therapies Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
Taysha Gene Therapies Inc (NASDAQ:TSHA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.54% of Taysha Gene Therapies Inc shares, and 77.72% of them are in the hands of institutional investors. The stock currently has a share float of 94.25%. Taysha Gene Therapies Inc stock is held by 147.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 9.1722% of the shares, which is about 21.21 million shares worth $47.51 million.
RTW INVESTMENTS, LP, with 8.1299% or 18.8 million shares worth $42.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Select Portfolios – Biotechnology and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Aug 31, 2024. The former held 6.83 shares worth $13.68 million, making up 3.33% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.46 shares worth around $8.93 million, which represents about 2.17% of the total shares outstanding.
