Tenaya Therapeutics Inc (NASDAQ:TNYA) Jumps 21.95% In 2024; Is It Affordable At $2.50?

In last trading session, Tenaya Therapeutics Inc (NASDAQ:TNYA) saw 6.73 million shares changing hands with its beta currently measuring 2.38. Company’s recent per share price level of $2.50 trading at $0.27 or 12.11% at ring of the bell on the day assigns it a market valuation of $197.22M. That closing price of TNYA’s stock is at a discount of -180.4% from its 52-week high price of $7.01 and is indicating a premium of 35.6% from its 52-week low price of $1.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.3 million shares which gives us an average trading volume of 1.23 million if we extend that period to 3-months.

For Tenaya Therapeutics Inc (TNYA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.38 in the current quarter.

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Tenaya Therapeutics Inc (NASDAQ:TNYA) trade information

Upright in the green during last session for gaining 12.11%, in the last five days TNYA remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $2.50 price level, adding 10.71% to its value on the day. Tenaya Therapeutics Inc’s shares saw a change of -22.84% in year-to-date performance and have moved 30.21% in past 5-day. Tenaya Therapeutics Inc (NASDAQ:TNYA) showed a performance of 45.35% in past 30-days. Number of shares sold short was 4.88 million shares which calculate 9.77 days to cover the short interests.

Tenaya Therapeutics Inc (TNYA) estimates and forecasts

Statistics highlight that Tenaya Therapeutics Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -44.20% of value to its shares in past 6 months, showing an annual growth rate of 9.52% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1M for the same.

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 -27.43% during past 5 years.

Tenaya Therapeutics Inc (NASDAQ:TNYA)’s Major holders

Insiders are in possession of 1.18% of company’s total shares while institution are holding 73.67 percent of that, with stock having share float percentage of 74.55%. Investors also watch the number of corporate investors in a company very closely, which is 73.67% institutions for Tenaya Therapeutics Inc that are currently holding shares of the company. COLUMN GROUP LLC is the top institutional holder at TNYA for having 9.4 million shares of worth $29.14 million. And as of 2024-06-30, it was holding 11.6078 of the company’s outstanding shares.

The second largest institutional holder is RA CAPITAL MANAGEMENT, L.P., which was holding about 7.62 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4124 of outstanding shares, having a total worth of $23.63 million.