Turnstone Biologics Corp Stock Price on December 31, 2023
| TSBX Stock | 0.55 0.03 5.77% |
If you're considering investing in Turnstone Stock, it is important to understand the factors that can impact its price. As of today, the current price of Turnstone Biologics stands at 0.55, as last reported on the 3rd of December, with the highest price reaching 0.56 and the lowest price hitting 0.50 during the day. Turnstone Biologics Corp owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0235, which indicates the firm had a -0.0235% return per unit of risk over the last 3 months. Turnstone Biologics Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Turnstone Biologics' Coefficient Of Variation of (2,523), risk adjusted performance of (0.02), and Variance of 27.87 to confirm the risk estimate we provide.
At this time, Turnstone Biologics' Total Stockholder Equity is fairly stable compared to the past year. Common Stock Shares Outstanding is likely to rise to about 14.9 M in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 110.7 M in 2024. . At this time, Turnstone Biologics' Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 0.31 in 2024, whereas Price Earnings Ratio is likely to drop (0.56) in 2024. Turnstone Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Turnstone |
Sharpe Ratio = -0.0235
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Estimated Market Risk
| 5.32 actual daily | 47 53% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Turnstone Biologics is not performing at its full potential. However, 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 Turnstone Biologics by adding Turnstone Biologics to a well-diversified portfolio.
Price Book 0.2749 | Enterprise Value Ebitda 0.7977 | Price Sales 2.1344 | Shares Float 14.1 M | Wall Street Target Price 2.42 |
Turnstone Biologics Valuation on December 31, 2023
It is possible to determine the worth of Turnstone Biologics on a given historical date. On December 31, 2023 Turnstone was worth 2.89 at the beginning of the trading date compared to the closed value of 2.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Turnstone Biologics stock. Still, in general, we apply an absolute valuation method to find Turnstone Biologics' 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 Turnstone Biologics where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Turnstone Biologics' related companies.
| Open | High | Low | Close | Volume | |
| 2.90 | 3.07 | 2.62 | 2.80 | 31,700 | |
12/29/2023 | 2.89 | 2.96 | 2.51 | 2.55 | 33,900 |
| 2.48 | 2.83 | 2.48 | 2.59 | 134,400 |
| Backtest Turnstone Biologics | | | Turnstone Biologics History | | | Turnstone Biologics Valuation | Previous | Next |
Turnstone Biologics Trading Date Momentum on December 31, 2023
| On January 02 2024 Turnstone Biologics Corp was traded for 2.59 at the closing time. The top price for the day was 2.83 and the lowest listed price was 2.48 . The trading volume for the day was 134.4 K. The trading history from January 2, 2024 was a factor to the next trading day price jump. The trading price change against the next closing price was 1.57% . The trading price change against the current closing price is 7.84% . |
Turnstone Biologics Corp Fundamentals Correlations and Trends
By evaluating Turnstone Biologics' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Turnstone Biologics' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Turnstone financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Turnstone Biologics Stock history
Turnstone Biologics 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 Turnstone is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Turnstone Biologics Corp 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 Turnstone Biologics stock prices may prove useful in developing a viable investing in Turnstone Biologics
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 11.6 M | 14.9 M | |
| Net Loss | -27.9 M | -26.5 M |
Turnstone Biologics Quarterly Net Working Capital |
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Turnstone Biologics Stock Technical Analysis
Turnstone Biologics 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.
Price Boundaries
Turnstone Biologics Period Price Range
Low | December 3, 2024
| High |
0.00 | 0.00 |
Turnstone Biologics Corp 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.
Turnstone Biologics December 3, 2024 Market Strength
Market strength indicators help investors to evaluate how Turnstone Biologics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Turnstone Biologics shares will generate the highest return on investment. By undertsting and applying Turnstone Biologics stock market strength indicators, traders can identify Turnstone Biologics Corp entry and exit signals to maximize returns
Turnstone Biologics Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Turnstone Biologics' price direction in advance. Along with the technical and fundamental analysis of Turnstone Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Turnstone 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.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.07) |
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Additional Tools for Turnstone Stock Analysis
When running Turnstone Biologics' price analysis, check to measure Turnstone Biologics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Turnstone Biologics is operating at the current time. Most of Turnstone Biologics' value examination focuses on studying past and present price action to predict the probability of Turnstone Biologics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Turnstone Biologics' price. Additionally, you may evaluate how the addition of Turnstone Biologics to your portfolios can decrease your overall portfolio volatility.