Taysha Gene Therapies Inc (NASDAQ:TSHA) – Experts See The Stock A Different Way Today

In the last trading session, 1.88 million shares of the Taysha Gene Therapies Inc (NASDAQ:TSHA) were traded, and its beta was 0.77. Most recently the company’s share price was $2.56, and it changed around $0.08 or 3.23% from the last close, which brings the market valuation of the company to $546.70M. TSHA currently trades at a discount to its 52-week high of $4.32, offering almost -68.75% off that amount. The share price’s 52-week low was $1.19, which indicates that the current value has risen by an impressive 53.52% since then. We note from Taysha Gene Therapies Inc’s average daily trading volume that its 10-day average is 6.19 million shares, with the 3-month average coming to 4.06 million.

Taysha Gene Therapies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.09. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 0 recommended TSHA as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight.

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Taysha Gene Therapies Inc (NASDAQ:TSHA) trade information

Instantly TSHA has showed a green trend with a performance of 3.23% 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 3.11 on recent trading dayincreased the stock’s daily price by 17.68%. The company’s shares are currently up 44.63% year-to-date, but still down -16.88% over the last five days. On the other hand, Taysha Gene Therapies Inc (NASDAQ:TSHA) is 80.28% up in the 30-day period. We can see from the shorts that 15.75 million shares have been sold at a short interest cover period of 3.05 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 57.33% from its current value. Analyst projections state that TSHA is forecast to be at a low of $5 and a high of $7.

Taysha Gene Therapies Inc (TSHA) estimates and forecasts

Taysha Gene Therapies 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 -34.69 percent over the past six months and at a 63.54% annual growth rate that is well above the industry average of 24.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -137.69%.

TSHA Dividends

Taysha Gene Therapies Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 17.54% of Taysha Gene Therapies Inc shares, and 77.20% of them are in the hands of institutional investors. The stock currently has a share float of 93.62%. Taysha Gene Therapies Inc stock is held by 157.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 9.1722% of the shares, which is about 21.21 million shares worth $47.51 million.

RTW INVESTMENTS, LP, with 8.1299% or 18.8 million shares worth $42.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.