Tonix Pharmaceuticals Holding Corp. (NASDAQ:TNXP) previous close was $1.13 while the outstanding shares total 326.51M. The firm has a beta of 1.35. TNXP’s shares traded higher over the last trading session, gaining 0.88% on 05/24/21. The shares fell to a low of $1.09 before closing at $1.14. Intraday shares traded counted 4.08 million, which was 73.7% higher than its 30-day average trading volume of 15.53M. The stock’s Relative Strength Index (RSI) is 54.84, with weekly volatility at 5.98% and ATR at 0.09. The TNXP stock’s 52-week price range has touched low of $0.51 and a $2.46 high.
Investors have identified the Biotechnology company Tonix Pharmaceuticals Holding Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $375.39 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Tonix Pharmaceuticals Holding Corp. (TNXP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 173.16 million total, with 6.03 million as their total liabilities.
TNXP were able to record -21.56 million as free cash flow during the 08/16/2021 quarter of the year, this saw their quarterly net cash flow reduce by 87.15 million. In cash movements, the company had a total of -21.06 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -0.19 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TNXP sounds very interesting.
Is the stock of TNXP attractive?
In related news, Chief Executive Officer, LEDERMAN SETH bought 16,733 shares of the company’s stock in a transaction that recorded on Mar 24. The purchase was performed at an average price of 1.32, for a total value of 22,088. As the purchase deal closes, the Chief Executive Officer, LEDERMAN SETH now bought 35,000 shares of the company’s stock, valued at 23,800. Also, Director, Treco James bought 5,500 shares of the company’s stock in a deal that was recorded on Aug 31. The shares were cost at an average price of 0.89 per share, with a total market value of 4,895. Following this completion of disposal, the Director, Bell Margaret Smith now holds 5,391 shares of the company’s stock, valued at 4,997. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.07%.