Tempest Therapeutics Inc (NASDAQ:TPST) shares traded -12.95% lower at $0.96 on Wall Street last session.
TPST stock price is now -24.58% away from the 50-day moving average and -63.85% away from the 200-day moving average. The market capitalization of the company currently stands at $24.14M.
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With the price target of $13, Scotiabank recently initiated with Sector Outperform rating for Tempest Therapeutics Inc (NASDAQ: TPST). On February 08, 2024, Jefferies recently initiated its ‘Buy’ rating on the stock quoting a target price of $15
In other news, Versant Venture Capital VI, L., Owner bought 387,999 shares of the company’s stock on Aug 12 ’24. The stock was bought for $426,993 at an average price of $1.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 08 ’24, 10% Owner Versant Venture Capital VI, L. sold 400,000 shares of the business’s stock. A total of $540,040 was realized by selling the stock at an average price of $1.35. This leaves the insider owning 597,940 shares of the company worth $0.57 million. A total of 15.95% of the company’s stock is owned by insiders.
During the past 12 months, Tempest Therapeutics Inc has had a low of $0.92 and a high of $6.00. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 2.17, and a quick ratio of 2.17. The fifty day moving average price for TPST is $1.26966 and a two-hundred day moving average price translates $2.64895 for the stock.
The latest earnings results from Tempest Therapeutics Inc (NASDAQ: TPST) was released for 2024-06-30. The company reported revenue of $9.58 million for the quarter, compared to $7.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.27 percent.
