The stock of TherapeuticsMD, Inc. (NASDAQ:TXMD) is now priced at $1.49 and the shares are 0.04 points up or 2.76% higher compared to its previous closing price of $1.45. The stock had 3.217 million contracts set over the past session. TXMD shares’ daily volume is compared to its average trading volume at 5.102 million shares. However, it has a float of 239 million and although its performance was -3.87% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the TXMD share price recently placing at $1.46 to $1.58. However, some brokerage firms have priced the stock below the average, including one that has called $1.2.
The shorts are climbing into the TherapeuticsMD, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the TXMD shares have risen. Short interest in the stock represents just 37.26% of its float, but the volume has raised by 3464250. The volume of shorted shares rised to 88.914 million from 85.45 million shares over the last two weeks. The average intraday trading volume has been 4.703 million shares, which means that days to cover moved to roughly 18.904832.
In the last trading session, TherapeuticsMD, Inc. (NASDAQ:TXMD) dropped by -$0.06 over the week and lost -$0.36 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $4.32. The stock recorded its established 52-week high on 09/25/19.
Since 04/15/20, the stock has traded to a low of $0.853 at 74.68%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 2.11. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, TherapeuticsMD, Inc.’s two-week RSI is 43.8. This suggests that the stock is neutral at the moment and that TXMD shares’ price movement remains stable. The stochastic readings are equally revealing at 11.55% meaning the TXMD share price is currently in overbought territory.
The technical chart shows that the TXMD stock will likely settle at between $1.56 and $1.63 per share. However, if the stock dips below $1.44, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $1.39.
Currently, the stock is trading in the red of MACD, with a reading of -0.1033. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Jefferies cut their recommendation for TXMD from Hold to Underperform in August 07 review. JP Morgan analysts downgraded their recommendation of the stock from Overweight to Neutral in a flash note released to investors on May 19. Guggenheim analysts see the stock as Buy when the analysts initiated the share price coverage on December 02.
The average rating for the TXMD equity is 2 and is currently gathering a bullish momentum. Of 9 analysts tracking TherapeuticsMD, Inc. polled by Reuters, 1 rated TXMD as a hold. The remaining 8 analysts were split evenly. However, the split wasn’t equal as a majority (7) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.
Zacks Consensus Estimate forecasts that the current-quarter revenues for TherapeuticsMD, Inc. (NASDAQ:TXMD) will decrease by about -99.86%, which will see them reach $15.12 million. The company’s full-year revenues are, however, expected to increase by about 20.64%, up from $49.65 million to $59.9 million. TXMD’s expected adjusted earnings should surge almost 7.69% to end up at -$0.14 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -11.11% to record -$0.64/share.