Let’s Jump into the Tyme Technologies, Inc. (NASDAQ:TYME) Stock Forecast

In the last trading session, 1,320,604 Tyme Technologies, Inc.(NASDAQ:TYME) shares changed hands as the company’s beta touched 0.92. With the company’s per share price at $1.22 changed hands at $0.07 or 0.06% during last session, the market valuation stood at $158.81 Million. TYME’s last price was a discount, traded about -67.21% off its 52-week high of $2.04. The share price had its 52-week low at $0.85, which suggests the last value was 30.33% up since then. When we look at Tyme Technologies, Inc.’s average trading volume, we note the 10-day average is 590.12 Million shares, with the 3-month average coming to 459.33 Million.

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Analysts gave the Tyme Technologies, Inc. (TYME) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.5. If we narrow down to specifics, the data shows that none out of 2 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended TYME as a Hold, 2 felt it is a Buy and none rated the stock as Underweight. Tyme Technologies, Inc.’s EPS for the current quarter is expected to be -$0.06.

Instantly TYME was in green as seen at the end of in last trading. With action 6.09%, the performance over the past five days has been green. The jump to weekly highs of $1.29 on Thursday, Dec 31 added 5.43% to the stock’s daily price. The company’s shares are showing year-to-date downside of -0.13%, with the 5-day performance at 0.07% in the green. However, in the 30-day time frame, Tyme Technologies, Inc. (NASDAQ:TYME) is 0.16% up. Looking at the short shares, we see there were 2.04 Million shares sold at short interest cover period of 0 days.

The consensus price target for the stock as assigned by Wall Street analysts is $8.75, meaning bulls need an upside of 617.21% from its current market value. According to analyst projections, TYME’s forecast low is $8 with $9.5 as the target high. To hit the forecast high, the stock’s price needs a +678.69% upsurge from its current level, while the stock would need to tank 555.74% for it to hit the projected low.

Tyme Technologies, Inc. (TYME) estimates and forecasts

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Tyme Technologies, Inc. earnings to increase by 40.4%, but the outlook for the next 5-year period is at 0% per year.

Tyme Technologies, Inc. (NASDAQ:TYME)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 49.39% of Tyme Technologies, Inc. shares while 13.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 25.87%. There are 83 institutions holding the Tyme Technologies, Inc. stock share, with Blackrock Inc. the top institutional holder. As of Sep 29, 2020, the company held 4.06% of the shares, roughly 4.2 Million TYME shares worth $4.12 Million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 2.4% or 2.48 Million shares worth $2.43 Million as of Sep 29, 2020.

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Among Mutual Funds, the top two as of Nov 29, 2020 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 1582444 shares estimated at $1.66 Million under it, the former controlled 1.53% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.36% of the shares, roughly 1.41 Million shares worth around $1.38 Million.


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