Does Tempest Therapeutics Inc (TPST)’s Current Price Volatility Hinder Its Future Potential?

Tempest Therapeutics Inc (NASDAQ:TPST) has a beta value of -1.81 and has seen 4.84 million shares traded in the last trading session. The company, currently valued at $25.84M, closed the last trade at $1.02 per share which meant it lost -$0.08 on the day or -6.82% during that session. The TPST stock price is -857.84% off its 52-week high price of $9.77 and 9.8% above the 52-week low of $0.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.97 million shares traded. The 3-month trading volume is 3.09 million shares.

The consensus among analysts is that Tempest Therapeutics Inc (TPST) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.36.

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Tempest Therapeutics Inc (NASDAQ:TPST) trade information

Sporting -6.82% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TPST stock price touched $1.02 or saw a rise of 35.85%. Year-to-date, Tempest Therapeutics Inc shares have moved -76.70%, while the 5-day performance has seen it change -27.82%. Over the past 30 days, the shares of Tempest Therapeutics Inc (NASDAQ:TPST) have changed -22.93%. Short interest in the company has seen 1.86 million shares shorted with days to cover at 5.12.

Tempest Therapeutics Inc (TPST) estimates and forecasts

Figures show that Tempest Therapeutics Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -71.45% over the past 6 months, with this year growth rate of 25.13%, compared to 19.10% for the industry.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 62.66% over the past 5 years.

TPST Dividends

Tempest Therapeutics Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Tempest Therapeutics Inc (NASDAQ:TPST)’s Major holders

Insiders own 0.24% of the company shares, while shares held by institutions stand at 22.43% with a share float percentage of 22.49%. Investors are also buoyed by the number of investors in a company, with Tempest Therapeutics Inc having a total of 28.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 0.55 million shares worth more than $1.21 million. As of 2024-06-30, BLACKROCK INC. held 2.4747% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 0.43 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.95 million and represent 1.9426% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 0.69% shares in the company for having 174.01 shares of worth $0.18 million while later fund manager owns 88.36 shares of worth $90572.0 as of Aug 31, 2024 , which makes it owner of about 0.35% of company’s outstanding stock.