Is Tenaya Therapeutics Inc (NASDAQ:TNYA) being unfairly punished by investors?

The price of Tenaya Therapeutics Inc (NASDAQ:TNYA) shares last traded on Wall Street fell -11.62% to $2.13.

TNYA stock price is now 3.47% away from the 50-day moving average and -42.15% away from the 200-day moving average. The market capitalization of the company currently stands at $168.03M.

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On November 30, 2023, Leerink Partners recently initiated its ‘Outperform’ rating on the stock quoting a target price of $7, while ‘H.C. Wainwright’ rates the stock as ‘Buy’

In other news, Saito Chihiro, SVP, Accounting and Fin. Ops. sold 2,363 shares of the company’s stock on Aug 16 ’24. The stock was sold for $6,840 at an average price of $2.89. Upon completion of the transaction, the SVP, Accounting and Fin. Ops. now directly owns 63,241 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Chief Medical Officer Tingley Whittemore sold 7,428 shares of the business’s stock. A total of $21,500 was realized by selling the stock at an average price of $2.89. This leaves the insider owning 107,106 shares of the company worth $0.23 million. A total of 17.22% of the company’s stock is owned by insiders.

During the past 12 months, Tenaya Therapeutics Inc has had a low of $1.61 and a high of $7.01. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 6.28, and a quick ratio of 6.28. The fifty day moving average price for TNYA is $2.074 and a two-hundred day moving average price translates $3.6951 for the stock.

The latest earnings results from Tenaya Therapeutics Inc (NASDAQ: TNYA) was released for 2024-06-30.

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