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A Tale of Resilience: Tango Therapeutics Inc Amid Stock Market Turbulence

TOST Stock

Tango Therapeutics Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $13.01 on 01/25/24 and a low of $6.33 for the same time frame on 10/10/24.

52-week price history of TNGX Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Tango Therapeutics Inc’s current trading price is -48.94% away from its 52-week high, while its distance from the 52-week low is 4.90%. The stock’s price range during this period has spanned from $6.33 to $13.01. In the Healthcare sector, the Tango Therapeutics Inc’s shares surpassed a trading volume of approximately 0.86 million for the day, which was noticeably lower compared to the average daily volume of 9.0.93 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Tango Therapeutics Inc (TNGX) has experienced a quarterly decline of -33.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 711.41M and boasts a workforce of 140 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 8.88, with a change in price of -0.02. Similarly, Tango Therapeutics Inc recorded 900,460 in trading volume during the last 100 days, posting a change of -0.30%.

Examining TNGX’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TNGX stands at 0.15. Similarly, the long-term debt-to-equity ratio is also 0.14.

TNGX Stock Stochastic Average

Today’s raw stochastic average for Tango Therapeutics Inc over the last 50 days is 5.45%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 21.09%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 42.01% and 42.16%, respectively.

TNGX Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a loss of -32.93%.However, over the last six months, we can see a stronger performance of -14.54%. Over the last 30 days, the price of TNGX has leaped by -13.65%. And in the last five days, it has fallen by -3.91%.

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