Protara Therapeutics, Inc. (NASDAQ:TARA – Get Free Report) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 2,970,000 shares, a decline of 28.4% from the February 13th total of 4,150,000 shares. Based on an average trading volume of 2,310,000 shares, the short-interest ratio is presently 1.3 days. Approximately 16.5% of the shares of the stock are short sold.
Protara Therapeutics Price Performance
TARA traded up $0.29 during trading on Friday, hitting $4.31. The company had a trading volume of 150,726 shares, compared to its average volume of 303,764. The company has a market cap of $88.92 million, a PE ratio of -1.53 and a beta of 1.69. The business has a 50-day moving average of $4.42 and a 200-day moving average of $3.48. Protara Therapeutics has a 1-year low of $1.60 and a 1-year high of $10.48.
Protara Therapeutics (NASDAQ:TARA – Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.57) by $0.09. Research analysts forecast that Protara Therapeutics will post -3.32 earnings per share for the current year.
Institutional Trading of Protara Therapeutics
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Lifesci Capital assumed coverage on shares of Protara Therapeutics in a report on Tuesday, March 11th. They issued an “outperform” rating and a $22.00 target price for the company. HC Wainwright restated a “buy” rating and issued a $23.00 target price on shares of Protara Therapeutics in a report on Thursday, March 6th. Guggenheim restated a “buy” rating and issued a $20.00 target price on shares of Protara Therapeutics in a report on Friday, December 6th. Finally, Cantor Fitzgerald assumed coverage on shares of Protara Therapeutics in a research note on Friday. They set an “overweight” rating for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $22.50.
Read Our Latest Stock Report on Protara Therapeutics
Protara Therapeutics Company Profile
Protara Therapeutics, Inc, a clinical-stage biopharmaceutical company, engages in advancing transformative therapies for the treatment of cancer and rare diseases. The company's lead program is TARA-002, an investigational cell therapy, which is in Phase II clinical trial for the treatment of non-muscle invasive bladder cancer and lymphatic malformations.
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