Tourmaline Bio Stock Price on September 23, 2024

TRML Stock   25.00  0.36  1.42%   
If you're considering investing in Tourmaline Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tourmaline Bio stands at 25.00, as last reported on the 11th of December 2024, with the highest price reaching 26.02 and the lowest price hitting 24.39 during the day. Tourmaline Bio appears to be not too volatile, given 3 months investment horizon. Tourmaline Bio owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Tourmaline Bio's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please review Tourmaline Bio's Semi Deviation of 3.29, risk adjusted performance of 0.121, and Coefficient Of Variation of 640.03 to confirm if our risk estimates are consistent with your expectations.
  
At this time, Tourmaline Bio's Capital Stock is quite stable compared to the past year. . At this time, Tourmaline Bio's Price Book Value Ratio is quite stable compared to the past year. Price To Book Ratio is expected to rise to 0.64 this year, although the value of Price Earnings To Growth Ratio is projected to rise to (0). Tourmaline Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.1548

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Estimated Market Risk

 3.99
  actual daily
35
65% of assets are more volatile

Expected Return

 0.62
  actual daily
12
88% of assets have higher returns

Risk-Adjusted Return

 0.15
  actual daily
12
88% of assets perform better
Based on monthly moving average Tourmaline Bio is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tourmaline Bio by adding it to a well-diversified portfolio.
Price Book
2.0709
Book Value
12.521
Enterprise Value
383.3 M
Enterprise Value Ebitda
(281.95)
Shares Float
12.5 M

Tourmaline Bio Valuation on September 23, 2024

It is possible to determine the worth of Tourmaline Bio on a given historical date. On September 23, 2024 Tourmaline was worth 23.14 at the beginning of the trading date compared to the closed value of 23.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tourmaline Bio stock. Still, in general, we apply an absolute valuation method to find Tourmaline Bio's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tourmaline Bio where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tourmaline Bio's related companies.
 Open High Low Close Volume
  22.53    24.08    22.23    23.02    659,067  
09/23/2024
  23.14    23.35    21.70    23.00    400,565  
  23.00    23.59    22.20    23.55    282,014  
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Open Value
23.14
23.0
Closing Value
35.11
Upside

Tourmaline Bio Trading Date Momentum on September 23, 2024

On September 24 2024 Tourmaline Bio was traded for  23.55  at the closing time. The top price for the day was 23.59  and the lowest listed price was  22.20 . The trading volume for the day was 282 K. The trading history from September 24, 2024 was a factor to the next trading day price upswing. The trading price change against the next closing price was 2.39% . The trading price change against the current closing price is 14.35% .

Tourmaline Bio Fundamentals Correlations and Trends

By evaluating Tourmaline Bio's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tourmaline Bio's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tourmaline financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Tourmaline Bio Stock history

Tourmaline Bio investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tourmaline is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tourmaline Bio will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tourmaline Bio stock prices may prove useful in developing a viable investing in Tourmaline Bio
Last ReportedProjected for Next Year
Common Stock Shares Outstanding4.7 MM

Tourmaline Bio Quarterly Net Working Capital

286.5 Million

Tourmaline Bio Stock Technical Analysis

Tourmaline Bio technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Tourmaline Bio technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tourmaline Bio trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Tourmaline Bio Period Price Range

Low
December 11, 2024
0.00  NaN%
High

 0.00 

     

 0.00 

Tourmaline Bio cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Tourmaline Bio December 11, 2024 Market Strength

Market strength indicators help investors to evaluate how Tourmaline Bio stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tourmaline Bio shares will generate the highest return on investment. By undertsting and applying Tourmaline Bio stock market strength indicators, traders can identify Tourmaline Bio entry and exit signals to maximize returns

Tourmaline Bio Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Tourmaline Bio's price direction in advance. Along with the technical and fundamental analysis of Tourmaline Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tourmaline to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Tourmaline Bio is a strong investment it is important to analyze Tourmaline Bio's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Tourmaline Bio's future performance. For an informed investment choice regarding Tourmaline Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tourmaline Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Tourmaline Stock please use our How to buy in Tourmaline Stock guide.
You can also try the Stocks Directory module to find actively traded stocks across global markets.
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 Tourmaline Bio. If investors know Tourmaline 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 Tourmaline Bio listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.49)
Return On Assets
(0.24)
Return On Equity
(0.32)
The market value of Tourmaline Bio is measured differently than its book value, which is the value of Tourmaline that is recorded on the company's balance sheet. Investors also form their own opinion of Tourmaline Bio's value that differs from its market value or its book value, called intrinsic value, which is Tourmaline Bio's 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 Tourmaline Bio's market value can be influenced by many factors that don't directly affect Tourmaline Bio's 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 Tourmaline Bio's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tourmaline Bio is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tourmaline Bio's 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.