Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Tango Therapeutics Inc’s current trading price is -23.25% away from its 52-week high, while its distance from the 52-week low is 304.86%. The stock’s price range over this period has fluctuated between $2.47 and $13.03. The company, operating within the financial sector, had a trading volume of approximately 0.83 million for the day, which was noticeably higher than the average daily share volume of 0.62 million over the last 3 months.
Tango Therapeutics Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $13.03 on 10/05/23, while the lowest value for the same period was recorded at $2.47 on 05/31/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Tango Therapeutics Inc (TNGX) has experienced a quarterly rise of 8.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.02B and boasts a workforce of 110 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 9.88, with a change in price of +2.80. Similarly, Tango Therapeutics Inc recorded 647,614 in trading volume during the last 100 days, posting a change of +38.89%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for TNGX stands at 0.14. Similarly, the long-term debt-to-equity ratio is also 0.14.
TNGX Stock Stochastic Average
Today, Tango Therapeutics Inc’s raw stochastic average for the past 50 days stands at 27.50%, indicating a rise from the raw stochastic average of the last 20 days, which was 5.41%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 10.68% and 15.99% respectively.
TNGX Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price gain of 1.01% this year. Over the last six months, there has been a weaker performance of 21.21%. The price of TNGX leaped by -19.42% during the last 30 days period. For the last 5-days stocks have slided -10.47%.
