Stocks of Taysha Gene Therapies Inc (NASDAQ:TSHA) traded higher last session on Wall Street, up 6.13% to $2.16.
TSHA stock price is now -26.70% away from the 50-day moving average and -9.48% away from the 200-day moving average. The market capitalization of the company currently stands at $404.90M.
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With the price target of $5, BMO Capital Markets recently initiated with Outperform rating for Taysha Gene Therapies Inc (NASDAQ: TSHA). On April 09, 2024, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $9, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Manning Paul B, 10% Owner bought 100,000 shares of the company’s stock on Nov 17 ’23. The stock was bought for $163,000 at an average price of $1.63. Upon completion of the transaction, the 10% Owner now directly owns 16,566,667 shares in the company, valued at $35.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24 ’23, Chief Financial Officer Alam Kamran sold 33,000 shares of the business’s stock. A total of $76,890 was realized by selling the stock at an average price of $2.33. This leaves the insider owning 258,042 shares of the company worth $0.56 million. A total of 25.20% of the company’s stock is owned by insiders.
During the past 12 months, Taysha Gene Therapies Inc has had a low of $0.57 and a high of $4.32. As of last week, the company has a debt-to-equity ratio of 1.13, a current ratio of 3.36, and a quick ratio of 3.36. The fifty day moving average price for TSHA is $2.9454 and a two-hundred day moving average price translates $2.384975 for the stock.
The latest earnings results from Taysha Gene Therapies Inc (NASDAQ: TSHA) was released for 2024-03-31. The net profit margin was -833.60% and return on equity was -606.69% for TSHA. The company reported revenue of $3.41 million for the quarter, compared to $4.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.52 percent.
