Taysha Gene Therapies Inc (NASDAQ:TSHA)’s traded shares stood at 10.3 million during the last session, with the company’s beta value hitting 0.50. At the close of trading, the stock’s price was $2.27, to imply an increase of 2.71% or $0.06 in intraday trading. The TSHA share’s 52-week high remains $4.32, putting it -90.31% down since that peak but still an impressive 47.58% since price per share fell to its 52-week low of $1.19. The company has a valuation of $465.22M, with an average of 8.77 million shares in intraday trading volume over the past 10 days and average of 2.65 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Taysha Gene Therapies Inc (TSHA), translating to a mean rating of 1.09. Of 8 analyst(s) looking at the stock, 0 analyst(s) give TSHA a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 7 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
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Taysha Gene Therapies Inc (NASDAQ:TSHA) trade information
After registering a 2.71% upside in the last session, Taysha Gene Therapies Inc (TSHA) has traded red over the past five days. The 5-day price performance for the stock is 59.86%, and 11.82% over 30 days. With these gigs, the year-to-date price performance is 28.25%. Short interest in Taysha Gene Therapies Inc (NASDAQ:TSHA) saw shorts transact 17.64 million shares and set a 10.6 days time to cover.
The extremes give us $5 and $44 for target low and target high price respectively. As such, TSHA has been trading -1838.33% off suggested target high and -120.26% from its likely low.
Taysha Gene Therapies Inc (TSHA) estimates and forecasts
Looking at statistics comparing Taysha Gene Therapies Inc share performance against respective industry, we note that the company has outperformed competitors. Taysha Gene Therapies Inc (TSHA) shares are -27.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 63.54% against 25.70%. Revenue is forecast to grow 71.59% this quarter before jumping 0.55% for the next one. The rating firms project that company’s revenue will shrink -50.47% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 1.56M. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 1.81M.Earnings reports from the last fiscal year show that sales brought in 3.6M and 3.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -56.75% before dropping -46.86% in the following quarter.
TSHA Dividends
Taysha Gene Therapies Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Taysha Gene Therapies Inc (NASDAQ:TSHA)’s Major holders
Taysha Gene Therapies Inc insiders hold 17.54% of total outstanding shares, with institutional holders owning 78.32% of the shares at 94.98% float percentage. In total, 78.32% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 21.21 million shares (or 9.1722% of shares), all amounting to roughly $47.51 million.
The next major institution holding the largest number of shares is RTW INVESTMENTS, LP with 18.8 million shares, or about 8.1299% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $42.11 million.
