Why Did TD Cowen Give TG Therapeutics Inc common stock (TGTX) Stock Buy Rating?

TD Cowen has recently initiated TG Therapeutics Inc common stock (TGTX) stock to Buy rating, as announced on October 29, 2024, according to Finviz. Earlier, on August 2, 2023, Goldman had raised the stock from a Sell to Neutral, setting a price target of $12 for TGTX stock. Jefferies also resumed Buy rating with a price target of $40. Additionally, BofA Securities initiated Underperform rating on May 20, 2022, with a target price of $5. B. Riley Securities analysts, in their report published on February 23, 2022, also reiterated Buy rating and set a price target of $35 for TG Therapeutics Inc common stock’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

TG Therapeutics Inc common stock (TGTX) Stock Trading Recap

On Friday, TG Therapeutics Inc common stock (TGTX) stock saw a modest uptick, ending the day at $28.88 which represents a slight increase of $0.11 or 0.38% from the prior close of $28.77. The stock opened at $27.98 and touched a low of $27.71 during the day, reaching a high of $28.96. The volume of shares traded was 2.85 million falling short of the average volume of 2.91 million.


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TGTX Stock Performance and Moving Averages

In recent trading, TG Therapeutics Inc common stock (TGTX) stock price has shown some volatility, fluctuating -7.02% over the last five trades and -12.06% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 35.02%, and it has gained 31.90% in the previous three months. Currently, TGTX is trading at -7.33%, -6.90%, and 29.49% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, TGTX, a Healthcare sector stock, is trading -21.61% below its 52-week high but remains 124.92% above its 52-week low. The Average True Range (ATR) (14 days) of 1.7 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

TG Therapeutics Inc common stock’s Profitability and Valuation Ratios

TG Therapeutics Inc common stock’s profitability metrics reveal financial health. The company currently boasts an operating margin of -0.19% and a profit margin of -5.42%, with a gross margin of 35.02%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, TG Therapeutics Inc common stock’s market capitalization stands at $4.50 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 28.77. Additionally, the Price-to-Sales Ratio is 16.98, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 23.41, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 9.74% of TG Therapeutics Inc common stock (TGTX)’s shares, while financial institutions hold 65.85%.

Notable insider trades include Power Sean A, CFO at TG Therapeutics Inc common stock (TGTX), who sold 11337 shares on Jan 03 ’25, at $30.29 each, totaling $0.34 million. On Jan 06 ’25, Power Sean A, CFO, sold 10021 shares for $28.53 each, amounting to $0.29 million. Additionally, on Nov 11 ’24, Lonial Sagar sold 5000 shares at $30.44 each, generating $0.15 million.

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