In last trading session, Terns Pharmaceuticals Inc (NASDAQ:TERN) saw 3.07 million shares changing hands with its beta currently measuring -0.38. Company’s recent per share price level of $5.76 trading at -$1.04 or -15.29% at ring of the bell on the day assigns it a market valuation of $489.24M. That closing price of TERN’s stock is at a discount of -97.92% from its 52-week high price of $11.40 and is indicating a premium of 25.0% from its 52-week low price of $4.32. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.96 million shares which gives us an average trading volume of 1.53 million if we extend that period to 3-months.
For Terns Pharmaceuticals Inc (TERN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 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 -0.3 in the current quarter.
Terns Pharmaceuticals Inc (NASDAQ:TERN) trade information
Upright in the red during last session for losing -15.29%, in the last five days TERN remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $5.76 price level, adding 19.33% to its value on the day. Terns Pharmaceuticals Inc’s shares saw a change of -11.25% in year-to-date performance and have moved -14.03% in past 5-day. Terns Pharmaceuticals Inc (NASDAQ:TERN) showed a performance of 1.05% in past 30-days. Number of shares sold short was 5.39 million shares which calculate 3.93 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a rise of 71.2% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 26. It follows that stock’s current price would drop -73.61% in reaching the projected high whereas dropping to the targeted low would mean a loss of -73.61% for stock’s current value.
Terns Pharmaceuticals Inc (TERN) estimates and forecasts
Statistics highlight that Terns Pharmaceuticals Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -17.48% of value to its shares in past 6 months, showing an annual growth rate of 6.30% while that of industry is 17.30. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
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 -12.40% during past 5 years.
Terns Pharmaceuticals Inc (NASDAQ:TERN)’s Major holders
Insiders are in possession of 0.15% of company’s total shares while institution are holding 97.75 percent of that, with stock having share float percentage of 97.91%. Investors also watch the number of corporate investors in a company very closely, which is 97.75% institutions for Terns Pharmaceuticals Inc that are currently holding shares of the company. ORBIMED ADVISORS LLC is the top institutional holder at TERN for having 7.62 million shares of worth $51.89 million. And as of 2024-06-30, it was holding 10.2326 of the company’s outstanding shares.
The second largest institutional holder is VIVO CAPITAL, LLC, which was holding about 6.18 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.3038 of outstanding shares, having a total worth of $42.11 million.
