Investing In TG Therapeutics Inc (NASDAQ: TGTX): Why Should You?

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. Earlier, Yahoo Finance discussed this stock as it revealed TG Therapeutics Announces Presentation of Data for BRIUMVI® in Multiple Sclerosis at the Americas Committee for Treatment and Research in Multiple Sclerosis Annual Forum.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. At the end of the last regular session, the stock closed at $18.08 and fluctuated between $18.13 as its day high and $17.49 as its day low. The current market capitalization of TG Therapeutics Inc is $2.79B. A total of 2.87 million shares were traded on the day, compared to an average of 5.34M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TGTX 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 7 BUYs and 3 SELLs from insiders. Insiders purchased 1,250,000 shares during that period but sold 128,501.

In the most recent transaction, Charney Laurence N sold 17,500 shares of TGTX for 19.03 per share on Jan 05. After the transaction, the Director now owns 237,229 company shares. In a previous transaction on Jan 03, Power Sean A sold 47,867 shares at 16.91 per share. TGTX shares that CFO owns now total 606,969.

Among the insiders who bought shares, WEISS MICHAEL S acquired of 100,000 shares on Aug 11 at a per-share price of $10.13. This resulted in the CEO and President holding 12,073,021 shares of TGTX after the transaction. In another insider transaction, Lonial Sagar sold 34,854 shares at $23.37 per share on Jun 23. Company shares held by the Director now total 93,878.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, TGTX has a high of $35.67 and a low of $6.46.

As of this writing, TGTX has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.05 per share and a lower estimate of -$0.12. The company reported an EPS of $0.73 in the last quarter, which was 508.30% higher than expectations of $0.12.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TGTX’s latest balance sheet shows that the firm has $314.76M 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 $1.06, while its Total Shareholder’s Equity was $237.15M.

Analysts Opinion

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. 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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