Why Tempest Therapeutics Inc (NASDAQ: TPST) Stock Should Not Be Taken For Granted By Investors In 2024

In the last trading session, 3.37 million shares of the Tempest Therapeutics Inc (NASDAQ:TPST) were traded, and its beta was -1.76. Most recently the company’s share price was $0.89, and it changed around -$0.08 or -8.27% from the last close, which brings the market valuation of the company to $35.63M. TPST currently trades at a discount to its 52-week high of $6.00, offering almost -574.16% off that amount. The share price’s 52-week low was $0.86, which indicates that the current value has risen by an impressive 3.37% since then. We note from Tempest Therapeutics Inc’s average daily trading volume that its 10-day average is 2.56 million shares, with the 3-month average coming to 4.77 million.

Tempest Therapeutics 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 6 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended TPST as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.

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Tempest Therapeutics Inc (NASDAQ:TPST) trade information

Instantly TPST has showed a red trend with a performance of -8.27% 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 1.1600 on recent trading dayincreased the stock’s daily price by 23.28%. The company’s shares are currently down -79.77% year-to-date, but still down -18.36% over the last five days. On the other hand, Tempest Therapeutics Inc (NASDAQ:TPST) is -22.62% down in the 30-day period. We can see from the shorts that 2.64 million shares have been sold at a short interest cover period of 0.39 day(s).

Tempest Therapeutics Inc (TPST) estimates and forecasts

Tempest Therapeutics Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -72.02 percent over the past six months and at a 27.75% annual growth rate that is well above the industry average of 15.60%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 62.66%.

TPST Dividends

Tempest Therapeutics Inc’s next quarterly earnings report is expected to be released in December.

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

Upon looking at major shareholders, it appears that insiders hold 0.24% of Tempest Therapeutics Inc shares, and 23.02% of them are in the hands of institutional investors. The stock currently has a share float of 23.07%. Tempest Therapeutics Inc stock is held by 30.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 2.4747% of the shares, which is about 0.55 million shares worth $1.21 million.

FMR LLC, with 1.9426% or 0.43 million shares worth $0.95 million as of 2024-06-30, holds the second largest percentage of outstanding shares.