Tenaya Therapeutics Stock Buy Hold or Sell Recommendation
| TNYA Stock | USD 3.57 0.28 8.51% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Tenaya Therapeutics is 'Strong Sell'. Macroaxis provides Tenaya Therapeutics buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding TNYA positions.
Check out Tenaya Therapeutics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Tenaya Stock refer to our How to Trade Tenaya Stock guide. In addition, we conduct extensive research on individual companies such as Tenaya and provide practical buy, sell, or hold advice based on investors' investing horizon and their risk tolerance towards Tenaya Therapeutics. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
Tenaya |
Execute Tenaya Therapeutics Buy or Sell Advice
The Tenaya recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Tenaya Therapeutics. Macroaxis does not own or have any residual interests in Tenaya Therapeutics or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Tenaya Therapeutics' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | OK | Details | |
Volatility | Relatively risky | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Tenaya Therapeutics Trading Alerts and Improvement Suggestions
| Tenaya Therapeutics is way too risky over 90 days horizon | |
| Tenaya Therapeutics appears to be risky and price may revert if volatility continues | |
| Net Loss for the year was (124.08 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Tenaya Therapeutics currently holds about 180.92 M in cash with (102.07 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.37, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Tenaya Therapeutics has a frail financial position based on the latest SEC disclosures | |
| Roughly 74.0% of the company shares are owned by institutional investors | |
| Latest headline from investing.com: Tenaya shares retain Buy rating, price target on trial update |
Tenaya Therapeutics Returns Distribution Density
The distribution of Tenaya Therapeutics' historical returns is an attempt to chart the uncertainty of Tenaya Therapeutics' future price movements. The chart of the probability distribution of Tenaya Therapeutics daily returns describes the distribution of returns around its average expected value. We use Tenaya Therapeutics price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Tenaya Therapeutics returns is essential to provide solid investment advice for Tenaya Therapeutics.
| Mean Return | 0.54 | Value At Risk | -6.88 | Potential Upside | 12.11 | Standard Deviation | 7.50 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Tenaya Therapeutics historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Tenaya Stock Institutional Investors
| Shares | Fmr Inc | 2024-09-30 | 1.3 M | Geode Capital Management, Llc | 2024-09-30 | 1.3 M | State Street Corp | 2024-06-30 | 1 M | Euclidean Capital Llc | 2024-09-30 | 1 M | Adage Capital Partners Gp Llc | 2024-06-30 | 1000 K | Schonfeld Strategic Advisors Llc | 2024-09-30 | 917.4 K | Alphabet Inc | 2024-09-30 | 915.7 K | Abrdn Plc | 2024-09-30 | 550.7 K | Stepstone Group Llc | 2024-06-30 | 462.2 K | Column Group Llc | 2024-09-30 | 9.4 M | Ra Capital Management, Llc | 2024-09-30 | 7 M |
Tenaya Therapeutics Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Tenaya Therapeutics or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Tenaya Therapeutics' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Tenaya stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 0.27 | |
β | Beta against Dow Jones | 2.23 | |
σ | Overall volatility | 7.60 | |
Ir | Information ratio | 0.06 |
Tenaya Therapeutics Volatility Alert
Tenaya Therapeutics is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Tenaya Therapeutics' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Tenaya Therapeutics' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Tenaya Therapeutics Fundamentals Vs Peers
Comparing Tenaya Therapeutics' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Tenaya Therapeutics' direct or indirect competition across all of the common fundamentals between Tenaya Therapeutics and the related equities. This way, we can detect undervalued stocks with similar characteristics as Tenaya Therapeutics or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Tenaya Therapeutics' fundamental indicators could also be used in its relative valuation, which is a method of valuing Tenaya Therapeutics by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Tenaya Therapeutics to competition |
| Fundamentals | Tenaya Therapeutics | Peer Average |
| Return On Equity | -0.84 | -0.31 |
| Return On Asset | -0.46 | -0.14 |
| Current Valuation | 195.7 M | 16.62 B |
| Shares Outstanding | 79.22 M | 571.82 M |
| Shares Owned By Insiders | 1.17 % | 10.09 % |
| Shares Owned By Institutions | 73.73 % | 39.21 % |
| Number Of Shares Shorted | 13.12 M | 4.71 M |
| Price To Book | 2.31 X | 9.51 X |
| EBITDA | (122.51 M) | 3.9 B |
| Net Income | (124.08 M) | 570.98 M |
| Cash And Equivalents | 180.92 M | 2.7 B |
| Cash Per Share | 4.37 X | 5.01 X |
| Total Debt | 12.42 M | 5.32 B |
| Debt To Equity | 0.07 % | 48.70 % |
| Current Ratio | 9.91 X | 2.16 X |
| Book Value Per Share | 1.42 X | 1.93 K |
| Cash Flow From Operations | (102.07 M) | 971.22 M |
| Short Ratio | 3.29 X | 4.00 X |
| Earnings Per Share | (1.44) X | 3.12 X |
| Target Price | 18.75 | |
| Number Of Employees | 140 | 18.84 K |
| Beta | 2.35 | -0.15 |
| Market Capitalization | 260.64 M | 19.03 B |
| Total Asset | 170.51 M | 29.47 B |
| Retained Earnings | (403.28 M) | 9.33 B |
| Working Capital | 88.85 M | 1.48 B |
| Net Asset | 170.51 M |
Note: Disposition of 2258 shares by Chihiro Saito of Tenaya Therapeutics at 2.12 subject to Rule 16b-3 [view details]
Tenaya Therapeutics Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Tenaya . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Tenaya Therapeutics Buy or Sell Advice
When is the right time to buy or sell Tenaya Therapeutics? Buying financial instruments such as Tenaya Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
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Check out Tenaya Therapeutics Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Tenaya Stock refer to our How to Trade Tenaya Stock guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tenaya Therapeutics. If investors know Tenaya will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tenaya Therapeutics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.44) | Return On Assets (0.46) | Return On Equity (0.84) |
The market value of Tenaya Therapeutics is measured differently than its book value, which is the value of Tenaya that is recorded on the company's balance sheet. Investors also form their own opinion of Tenaya Therapeutics' value that differs from its market value or its book value, called intrinsic value, which is Tenaya Therapeutics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tenaya Therapeutics' market value can be influenced by many factors that don't directly affect Tenaya Therapeutics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tenaya Therapeutics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Tenaya Therapeutics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tenaya Therapeutics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.