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Saturday, June 3, 2023

The Street Is Finally Waking Up To Terns Pharmaceuticals Inc. (NASDAQ: TERN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Terns Pharmaceuticals Inc. (TERN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.20, or 1.99%, to $10.24. The Terns Pharmaceuticals Inc. has recorded 1,362 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Terns Pharmaceuticals Reports First Quarter 2023 Financial Results and Corporate Updates.

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Stocks Info

Terns Pharmaceuticals Inc. is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Biotechnology industry. At the end of the last regular session, the stock closed at $10.04 and fluctuated between $10.98 as its day high and $9.72 as its day low. The current market capitalization of Terns Pharmaceuticals Inc. is $551.21M. A total of 0.51 million shares were traded on the day, compared to an average of 399.69K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, TERN has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 23 BUYs and 3 SELLs from insiders. Insiders purchased 15,044,557 shares during that period but sold 1,500,000.

In the most recent transaction, Lu Hongbo bought 758,620 shares of TERN for 7.25 per share on Dec 23. After the transaction, the Director now owns 4,340,212 company shares. In a previous transaction on Dec 23, Vivo Opportunity, LLC bought 758,620 shares at 7.25 per share. TERN shares that 10% Owner owns now total 4,340,212.

Among the insiders who bought shares, ORBIMED ADVISORS LLC acquired of 137,931 shares on Dec 23 at a per-share price of $7.25. This resulted in the Director holding 4,882,854 shares of TERN after the transaction. In another insider transaction, GORDON CARL L bought 137,931 shares at $7.25 per share on Dec 23. Company shares held by the Director now total 4,882,854.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for TERN in the last 3 months, the mean price target is $15.00 with high estimates of $19.00 and low estimates of $10.00. In terms of 52-week highs and lows, TERN has a high of $14.04 and a low of $1.45.

As of this writing, TERN has an earnings estimate of -$0.33 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.3 per share and a lower estimate of -$0.42. The company reported an EPS of -$0.29 in the last quarter, which was 32.60% higher than expectations of -$0.43.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TERN’s latest balance sheet shows that the firm has $165.98M in Cash & Short Term Investments as of fiscal 2021. There were $12.88M in debt and $6.82M in liabilities at the time. Its Book Value Per Share was $5.04, while its Total Shareholder’s Equity was $160.30M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TERN is Buy with a score of 4.33.

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