During the last session, Terns Pharmaceuticals Inc (NASDAQ:TERN)’s traded shares were 1.34 million, with the beta value of the company hitting -0.33. At the end of the trading day, the stock’s price was $5.67, reflecting an intraday gain of 2.35% or $0.13. The 52-week high for the TERN share is $11.40, that puts it down -101.06 from that peak though still a striking 23.81% gain since the share price plummeted to a 52-week low of $4.32. The company’s market capitalization is $481.60M, and the average intraday trading volume over the past 10 days was 2.07 million shares, and the average trade volume was 1.58 million shares over the past three months.
Terns Pharmaceuticals Inc (TERN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. TERN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
Terns Pharmaceuticals Inc (NASDAQ:TERN) trade information
Terns Pharmaceuticals Inc (TERN) registered a 2.35% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.35% in intraday trading to $5.67, hitting a weekly high. The stock’s 5-day price performance is -2.24%, and it has moved by -7.80% in 30 days. Based on these gigs, the overall price performance for the year is -12.50%. The short interest in Terns Pharmaceuticals Inc (NASDAQ:TERN) is 6.2 million shares and it means that shorts have 3.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies an increase of 71.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $26 respectively. As a result, TERN is trading at a discount of -358.55% off the target high and -76.37% off the low.
Terns Pharmaceuticals Inc (TERN) estimates and forecasts
Statistics show that Terns Pharmaceuticals Inc has underperformed its competitors in share price, compared to the industry in which it operates. Terns Pharmaceuticals Inc (TERN) shares have gone down -17.35% during the last six months, with a year-to-date growth rate less than the industry average at 6.30% against 16.70.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -12.40%. While earnings are projected to return 6.25% in 2025.
TERN Dividends
Terns Pharmaceuticals Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Terns Pharmaceuticals Inc (NASDAQ:TERN)’s Major holders
Terns Pharmaceuticals Inc insiders own 0.15% of total outstanding shares while institutional holders control 97.77%, with the float percentage being 97.92%. ORBIMED ADVISORS LLC is the largest shareholder of the company, while 207.0 institutions own stock in it. As of 2024-06-30, the company held over 7.62 million shares (or 10.2326% of all shares), a total value of $51.89 million in shares.
The next largest institutional holding, with 6.18 million shares, is of VIVO CAPITAL, LLC’s that is approximately 8.3038% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $42.11 million.
