Third Harmonic Bio Stock Performance
| THRD Stock | USD 12.42 0.34 2.66% |
Third Harmonic has a performance score of 2 on a scale of 0 to 100. The entity has a beta of 2.41, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Third Harmonic will likely underperform. Third Harmonic Bio right now has a risk of 4.59%. Please validate Third Harmonic sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to decide if Third Harmonic will be following its existing price patterns.
Risk-Adjusted Performance
2 of 100
Weak | Strong |
Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Third Harmonic Bio are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather conflicting basic indicators, Third Harmonic may actually be approaching a critical reversion point that can send shares even higher in January 2025. ...more
Actual Historical Performance (%)
One Day Return (2.66) | Five Day Return (6.76) | Year To Date Return 10.5 | Ten Year Return (26.94) | All Time Return (26.94) |
1 | Third Harmonic Bio Is In A Strong Position To Grow Its Business | 09/16/2024 |
2 | Disposition of 503 shares by Julie Person of Third Harmonic at 14.0 subject to Rule 16b-3 | 09/18/2024 |
3 | Disposition of 9497 shares by Julie Person of Third Harmonic at 14.2871 subject to Rule 16b-3 | 09/19/2024 |
4 | Third Harmonic Bio executive sells shares worth over 71,000 | 09/20/2024 |
5 | Disposition of 2673 shares by Conner Edward R. of Third Harmonic at 15.0 subject to Rule 16b-3 | 10/28/2024 |
6 | Disposition of 64617 shares by Bvf Partners L Pil of Third Harmonic at 14.3 subject to Rule 16b-3 | 10/29/2024 |
7 | Third harmonic bio sees 14.3 million in stock sales by BVF Partners | 10/31/2024 |
8 | Third Harmonic Bio to Participate in Upcoming Investor Conferences in November | 11/07/2024 |
9 | Disposition of 2117 shares by Conner Edward R. of Third Harmonic at 15.0 subject to Rule 16b-3 | 11/08/2024 |
10 | Biotechnology Value Fund L.P. Expands Stake in Third Harmonic Bio Inc. | 11/13/2024 |
11 | Acquisition by Natalie Holles of 360000 shares of Third Harmonic at 4.2 subject to Rule 16b-3 | 11/27/2024 |
| Begin Period Cash Flow | 289.3 M | |
| Free Cash Flow | -20.6 M |
Third |
Third Harmonic Relative Risk vs. Return Landscape
If you would invest 1,203 in Third Harmonic Bio on September 4, 2024 and sell it today you would earn a total of 39.00 from holding Third Harmonic Bio or generate 3.24% return on investment over 90 days. Third Harmonic Bio is currently generating 0.1549% in daily expected returns and assumes 4.5878% risk (volatility on return distribution) over the 90 days horizon. In different words, 40% of stocks are less volatile than Third, and 97% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Third Harmonic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Third Harmonic's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Third Harmonic Bio, and traders can use it to determine the average amount a Third Harmonic's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0338
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.59 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average Third Harmonic is performing at about 2% 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 Third Harmonic by adding it to a well-diversified portfolio.
Third Harmonic Fundamentals Growth
Third Stock prices reflect investors' perceptions of the future prospects and financial health of Third Harmonic, and Third Harmonic fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Third Stock performance.
| Return On Equity | -0.14 | ||||
| Return On Asset | -0.11 | ||||
| Current Valuation | 282.26 M | ||||
| Shares Outstanding | 45.06 M | ||||
| Price To Earning | 23.13 X | ||||
| Price To Book | 1.95 X | ||||
| EBITDA | (30.79 M) | ||||
| Net Income | (30.82 M) | ||||
| Cash And Equivalents | 112.73 M | ||||
| Cash Per Share | 25.53 X | ||||
| Total Debt | 3.95 M | ||||
| Debt To Equity | 7.81 % | ||||
| Current Ratio | 23.59 X | ||||
| Book Value Per Share | 6.59 X | ||||
| Cash Flow From Operations | (20.43 M) | ||||
| Earnings Per Share | (0.97) X | ||||
| Market Capitalization | 590.72 M | ||||
| Total Asset | 277.71 M | ||||
| Retained Earnings | (114.22 M) | ||||
| Working Capital | 267.03 M | ||||
About Third Harmonic Performance
By analyzing Third Harmonic's fundamental ratios, stakeholders can gain valuable insights into Third Harmonic's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Third Harmonic has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Third Harmonic has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.11) | (0.12) | |
| Return On Capital Employed | (0.16) | (0.17) | |
| Return On Assets | (0.11) | (0.12) | |
| Return On Equity | (0.11) | (0.11) |
Things to note about Third Harmonic Bio performance evaluation
Checking the ongoing alerts about Third Harmonic for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Third Harmonic Bio help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Third Harmonic Bio had very high historical volatility over the last 90 days | |
| Net Loss for the year was (30.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Third Harmonic Bio currently holds about 112.73 M in cash with (20.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Third Harmonic Bio has a frail financial position based on the latest SEC disclosures | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from MacroaxisInsider: Acquisition by Natalie Holles of 360000 shares of Third Harmonic at 4.2 subject to Rule 16b-3 |
- Analyzing Third Harmonic's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Third Harmonic's stock is overvalued or undervalued compared to its peers.
- Examining Third Harmonic's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Third Harmonic's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Third Harmonic's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Third Harmonic's stock. These opinions can provide insight into Third Harmonic's potential for growth and whether the stock is currently undervalued or overvalued.
Complementary Tools for Third Stock analysis
When running Third Harmonic's price analysis, check to measure Third Harmonic's 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 Third Harmonic is operating at the current time. Most of Third Harmonic's value examination focuses on studying past and present price action to predict the probability of Third Harmonic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Third Harmonic's price. Additionally, you may evaluate how the addition of Third Harmonic to your portfolios can decrease your overall portfolio volatility.
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