In the last trading session, 2.1 million shares of the Tyra Biosciences Inc (NASDAQ:TYRA) were traded, and its beta was 1.01. Most recently the company’s share price was $16.91, and it changed around -$2.98 or -14.98% from the last close, which brings the market valuation of the company to $891.83M. TYRA currently trades at a discount to its 52-week high of $29.60, offering almost -75.04% off that amount. The share price’s 52-week low was $10.60, which indicates that the current value has risen by an impressive 37.32% since then. We note from Tyra Biosciences Inc’s average daily trading volume that its 10-day average is 0.8 million shares, with the 3-month average coming to 234.40K.
Tyra Biosciences Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 1 recommended TYRA as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Tyra Biosciences Inc is expected to report earnings per share of -0.4 for the current quarter.
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Tyra Biosciences Inc (NASDAQ:TYRA) trade information
Instantly TYRA has showed a red trend with a performance of -14.98% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 29.60 on recent trading dayincreased the stock’s daily price by 42.87%. The company’s shares are currently up 22.09% year-to-date, but still down -39.95% over the last five days. On the other hand, Tyra Biosciences Inc (NASDAQ:TYRA) is -28.07% down in the 30-day period. We can see from the shorts that 2.2 million shares have been sold at a short interest cover period of 11.33 day(s).
The consensus price target as assigned by Wall Street analysts is $32, which translates to bulls needing to increase their stock price by 47.16% from its current value. Analyst projections state that TYRA is forecast to be at a low of $25 and a high of $33.
Tyra Biosciences Inc (TYRA) estimates and forecasts
Tyra Biosciences Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -1.11 percent over the past six months and at a 5.56% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 18.40% in revenue this quarter, and will report an increase of 13.20% in the next quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -102.86%.
TYRA Dividends
Tyra Biosciences Inc’s next quarterly earnings report is expected to be released in November.
Tyra Biosciences Inc (NASDAQ:TYRA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.64% of Tyra Biosciences Inc shares, and 93.76% of them are in the hands of institutional investors. The stock currently has a share float of 98.32%. Tyra Biosciences Inc stock is held by 132.0 institutions, with RA CAPITAL MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 19.9441% of the shares, which is about 10.42 million shares worth $166.56 million.
BOXER CAPITAL, LLC, with 12.3463% or 6.45 million shares worth $103.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
