Tenax Therapeutics Inc (TENX) currently has a stock price of $0.42. The stock saw a sharp increase in the last trading session, hitting a high of $0.524 after opening at $0.4885. The lowest recorded price for the day was $0.4002 before it closed at $0.50.
In terms of market performance, Tenax Therapeutics Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $4.30 on 02/02/23, while the lowest value was $0.15 on 11/09/23.
52-week price history of TENX Stock
A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Tenax Therapeutics Inc’s current trading price is -90.23% away from its 52-week high, while its distance from the 52-week low is 178.15%. The stock’s price range during this period has fluctuated between $0.15 and $4.30. Shares of the company, which operates in the Healthcare sector, recorded a trading volume of around 7.24 million for the day, which was evidently higher than the average daily volume of 6.7 million over the last three months.
Financial Performance and Market Capitalization
Tenax Therapeutics Inc (TENX) has experienced a quarterly rise of 15.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.02M and boasts a workforce of 7 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3051, with a change in price of +0.1120. Similarly, Tenax Therapeutics Inc recorded 4,546,503 in trading volume during the last 100 days, posting a change of +36.36%.
TENX Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for TENX stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.00.
TENX Stock Stochastic Average
The raw stochastic average for Tenax Therapeutics Inc over the last 50 days is presently at 43.81%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 43.81%. Further, the company’s Stochastic %K and %D values for the last 20 days were 52.71% and 55.29%, respectively.
TENX Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -81.15%.However, over the last six months, we can see a weaker performance of 38.61%. Over the last 30 days, the price of TENX has fallen by 34.06%. And in the last five days, it has surged by 159.74%.