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NASDAQ:TGTX

TG Therapeutics (TGTX) Stock Price, News & Analysis

TG Therapeutics logo
$25.06
-0.07 (-0.28%)
(As of 10/31/2024 ET)

About TG Therapeutics Stock (NASDAQ:TGTX)

Key Stats

Today's Range
$24.23
$25.40
50-Day Range
$21.31
$25.71
52-Week Range
$7.17
$26.41
Volume
2.24 million shs
Average Volume
3.61 million shs
Market Capitalization
$3.87 billion
P/E Ratio
41.08
Dividend Yield
N/A
Price Target
$34.43
Consensus Rating
Moderate Buy

Company Overview

TG Therapeutics Inc is a biopharmaceutical company that develops and commercializes innovative treatments for multiple sclerosis (MS) and other autoimmune diseases. The company, founded in 2012, is headquartered in New York City and has operations in the United States and Europe. The company aims to provide new and effective therapies to patients with unmet medical needs.

TG Therapeutics has made significant achievements since its inception but has also experienced significant setbacks. The company initially rose to fame by producing the cancer drug Ukoniq which was later pulled from the market due to its ineffectiveness. The company shifted focus and received FDA approvals for a multiple sclerosis drug, Briumvi, for relapsing forms of multiple sclerosis. Additionally, the company conducts extensive clinical trials for other product candidates. These product candidates can potentially provide new treatment options for patients with B-cell malignancies and autoimmune diseases.

TG Therapeutics has a talented and experienced management team dedicated to advancing the company's mission. The current CEO and co-founder of the company is Michael S. Weiss, who has over 25 years of experience in the biopharmaceutical industry. TG Therapeutics has seen financial growth and decline over the past few years. The company has reported significant losses primarily due to removing Ukoniq from its product line and increased investment in clinical development and research activities. 

TG Therapeutics has seen significant volatility in its stock price over the past few years. In 2021, the stock price increased by over 200% due to positive clinical trial results for its product candidates. However, in 2022, the stock price experienced a sharp decline due to concerns about removing the approved drug Ukoniq from the market, delays in clinical development and increased competition. 

TG Therapeutics operates in the biopharmaceutical industry, characterized by high innovation levels and significant regulatory oversight. The industry is also subject to political and economic pressures, including changes in healthcare policy and pricing pressures from payers.

TG Therapeutics faces competition from other companies developing cancer and autoimmune disease treatments, including large pharmaceutical companies such as Roche and Novartis. However, the company's focus on developing novel therapies for unmet medical needs gives it a competitive advantage.

TG Therapeutics has several growth opportunities in its pipeline. The company is currently developing new product candidates which have the potential to provide new treatment options for patients with MS, B-cell malignancies and autoimmune diseases. Additionally, the company may pursue strategic acquisitions or partnerships to expand its product portfolio and reach new markets.

TG Therapeutics faces risks and challenges that may impact its future growth and success. These include changes in healthcare policy and pricing pressures from payers and increased competition from other companies in the market. Additionally, the company is subject to regulatory oversight and must successfully navigate the clinical development and approval process for its product candidates. Failure to do so may result in delays, increased costs, and potential setbacks for the company.

The company's financial performance is also subject to risks, such as changes in interest rates and the availability of financing. The company's debt levels may limit its ability to invest in research and development. Any significant changes in ownership or management may also disrupt operations and impact the company's growth potential.

Furthermore, the success of TG Therapeutics' product candidates is not guaranteed, and the company may need help demonstrating their safety and efficacy in clinical trials. Failure to obtain regulatory approval for these products or to effectively commercialize them may significantly impact the company's financial performance and market position.

TG Therapeutics Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

TGTX MarketRank™: 

TG Therapeutics scored higher than 94% of companies evaluated by MarketBeat, and ranked 85th out of 993 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    TG Therapeutics has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    TG Therapeutics has only been the subject of 4 research reports in the past 90 days.

  • Read more about TG Therapeutics' stock forecast and price target.
  • Earnings Growth

    Earnings for TG Therapeutics are expected to grow by 538.46% in the coming year, from $0.13 to $0.83 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of TG Therapeutics is 41.08, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.66.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of TG Therapeutics is 41.08, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 131.59.

  • Price to Book Value per Share Ratio

    TG Therapeutics has a P/B Ratio of 23.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about TG Therapeutics' valuation and earnings.
  • Percentage of Shares Shorted

    23.54% of the float of TG Therapeutics has been sold short.
  • Short Interest Ratio / Days to Cover

    TG Therapeutics has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in TG Therapeutics has recently decreased by 5.58%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    TG Therapeutics does not currently pay a dividend.

  • Dividend Growth

    TG Therapeutics does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    23.54% of the float of TG Therapeutics has been sold short.
  • Short Interest Ratio / Days to Cover

    TG Therapeutics has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in TG Therapeutics has recently decreased by 5.58%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    TG Therapeutics has a news sentiment score of 0.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
  • News Coverage This Week

    MarketBeat has tracked 12 news articles for TG Therapeutics this week, compared to 4 articles on an average week.
  • Search Interest

    Only 19 people have searched for TGTX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    9 people have added TG Therapeutics to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, TG Therapeutics insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 9.20% of the stock of TG Therapeutics is held by insiders.

  • Percentage Held by Institutions

    58.58% of the stock of TG Therapeutics is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about TG Therapeutics' insider trading history.
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TGTX Stock News Headlines

TG Therapeutics shares get Buy rating from TD Cowen
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
TG Therapeutics initiated with a Buy at TD Cowen
TG Therapeutics call volume above normal and directionally bullish
See More Headlines

TGTX Stock Analysis - Frequently Asked Questions

TG Therapeutics' stock was trading at $17.08 at the beginning of 2024. Since then, TGTX shares have increased by 46.7% and is now trading at $25.06.
View the best growth stocks for 2024 here
.

TG Therapeutics, Inc. (NASDAQ:TGTX) announced its quarterly earnings results on Tuesday, August, 6th. The biopharmaceutical company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The business's quarterly revenue was up 357.0% compared to the same quarter last year.

Top institutional shareholders of TG Therapeutics include Principal Financial Group Inc. (0.50%), Assenagon Asset Management S.A. (0.11%), Raymond James & Associates (0.11%) and Hennion & Walsh Asset Management Inc. (0.06%). Insiders that own company stock include Michael S Weiss, Sean A Power, Laurence N Charney, Yann Echelard and Sagar Lonial.
View institutional ownership trends
.

Shares of TGTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that TG Therapeutics investors own include Voyager Therapeutics (VYGR), American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

Last Earnings
8/06/2024
Today
10/31/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Pharmaceutical preparations
Sub-Industry
Pharmaceutical Products
Current Symbol
NASDAQ:TGTX
Employees
290
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$34.43
High Stock Price Target
$50.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+41.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$12.67 million
Pretax Margin
27.62%

Debt

Sales & Book Value

Annual Sales
$346.72 million
Cash Flow
$0.10 per share
Book Value
$1.06 per share

Miscellaneous

Free Float
138,567,000
Market Cap
$3.76 billion
Optionable
Optionable
Beta
2.21

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This page (NASDAQ:TGTX) was last updated on 10/31/2024 by MarketBeat.com Staff
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