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Friday, September 29, 2023

Analyst Expects TG Therapeutics Inc. (NASDAQ: TGTX) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for TG Therapeutics Inc. (TGTX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.01, or 0.09%, to $11.06. The TG Therapeutics Inc. has recorded 2,039,140 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed TG Therapeutics Provides Business Update and Reports Second Quarter 2023 Financial Results.

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Stocks Info

As a NASDAQ listed company, TGTX falls under the Healthcare sector while operating within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $11.05 and fluctuated between $11.28 as its day high and $10.53 as its day low. The current market capitalization of TG Therapeutics Inc. is $1.65B. A total of 5.81 million shares were traded on the day, compared to an average of 4.78M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TGTX has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 34,854 shares. Over the last 12 months, there were 3 BUYs and 3 SELLs from insiders. Insiders purchased 1,079,000 shares during that period but sold 138,501.

In the most recent transaction, WEISS MICHAEL S bought 100,000 shares of TGTX for 10.13 per share on Aug 11. After the transaction, the CEO and President now owns 12,073,021 company shares. In a previous transaction on Jun 23, Lonial Sagar sold 34,854 shares at 23.37 per share. TGTX shares that Director owns now total 93,878.

Among the insiders who sold shares, Power Sean A disposed of 73,647 shares on Jun 02 at a per-share price of $26.70. This resulted in the Chief Financial Officer holding 654,836 shares of TGTX after the transaction. In another insider transaction, Echelard Yann bought 9,000 shares at $10.64 per share on Jan 06. Company shares held by the Director now total 201,848.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TGTX in the last 3 months, the mean price target is $28.94 with high estimates of $41.00 and low estimates of $6.00. In terms of 52-week highs and lows, TGTX has a high of $35.67 and a low of $4.86.

As of this writing, TGTX has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.66 per share and a lower estimate of -$0.27. The company reported an EPS of -$0.28 in the last quarter, which was 24.30% higher than expectations of -$0.37.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. TGTX’s latest balance sheet shows that the firm has $350.30M in Cash & Short Term Investments as of fiscal 2021. There were $79.05M in debt and $65.38M in liabilities at the time. Its Book Value Per Share was $0.29, while its Total Shareholder’s Equity was $237.15M.

Analysts Opinion

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. 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 TGTX is Buy with a score of 4.38.

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