Taysha Gene Therapies Inc’s (NASDAQ:TSHA) Forecasted Growth Is -252.11% Or More

In last trading session, Taysha Gene Therapies Inc (NASDAQ:TSHA) saw 4.49 million shares changing hands with its beta currently measuring 0.36. Company’s recent per share price level of $1.42 trading at $0.05 or 3.65% at ring of the bell on the day assigns it a market valuation of $291.02M. That closing price of TSHA’s stock is at a discount of -204.23% from its 52-week high price of $4.32 and is indicating a premium of 16.2% from its 52-week low price of $1.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.69 million shares which gives us an average trading volume of 2.03 million if we extend that period to 3-months.

For Taysha Gene Therapies Inc (TSHA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.09. Splitting up the data highlights that, out of 8 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 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.09 in the current quarter.

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Taysha Gene Therapies Inc (NASDAQ:TSHA) trade information

Upright in the green during last session for gaining 3.65%, in the last five days TSHA remained trading in the red while hitting it’s week-highest on Friday, 11/01/24 when the stock touched $1.42 price level, adding 17.44% to its value on the day. Taysha Gene Therapies Inc’s shares saw a change of -19.77% in year-to-date performance and have moved -15.98% in past 5-day. Taysha Gene Therapies Inc (NASDAQ:TSHA) showed a performance of -29.00% in past 30-days. Number of shares sold short was 20.7 million shares which calculate 10.85 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 8.5 to the stock, which implies a rise of 83.29% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 44. It follows that stock’s current price would drop -252.11% in reaching the projected high whereas dropping to the targeted low would mean a loss of -252.11% for stock’s current value.

Taysha Gene Therapies Inc (TSHA) estimates and forecasts

Statistics highlight that Taysha Gene Therapies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -43.87% of value to its shares in past 6 months, showing an annual growth rate of 63.54% while that of industry is 26.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -45.90% from the last financial year’s standing.

11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.65M for the same. And 11 analysts are in estimates of company making revenue of 2.33M in the next quarter. Company posted 4.75M and 3.6M 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 -137.69% during past 5 years.

Taysha Gene Therapies Inc (NASDAQ:TSHA)’s Major holders

Insiders are in possession of 17.54% of company’s total shares while institution are holding 78.19 percent of that, with stock having share float percentage of 94.82%. Investors also watch the number of corporate investors in a company very closely, which is 78.19% institutions for Taysha Gene Therapies Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at TSHA for having 21.21 million shares of worth $47.51 million. And as of 2024-06-30, it was holding 9.1722 of the company’s outstanding shares.

The second largest institutional holder is RTW INVESTMENTS, LP, which was holding about 18.8 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.1299 of outstanding shares, having a total worth of $42.11 million.