How to Buy Tango Therapeutics Stock
Tango Therapeutics Inc
Tango Therapeutics, Inc. , a biotechnology company, discovers and develops drugs for the treatment of cancer.
Tango Therapeutics stock last closed at $7.37, down 1.21% from the previous day, and has increased 98.65% in one year. It has overperformed other stocks in the Biotechnology industry by 1.25 percentage points. Tango Therapeutics stock is currently +198.38% from its 52-week low of $2.47, and -43.44% from its 52-week high of $13.03.
As of Apr 18, 2024, there are 106.72M shares of TNGX outstanding. The market capitalization of TNGX is $786.51M. In the last 24 hours, 396,770 TNGX shares were traded.
How to Buy Tango Therapeutics Stock
Wondering how to invest in Tango Therapeutics stock? Here's how.
- Decide where to buy Tango Therapeutics stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Tango Therapeutics stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your payment method and add your information.
- Research Tango Therapeutics stock: The Tango Therapeutics ticker symbol is TNGX. Is Tango Therapeutics stock a good investment? Should you buy shares of TNGX? How do TNGX's underlying business fundamentals look? Do top analysts think Tango Therapeutics is a good buy? Why has TNGX's stock price moved recently? (Hint: Our stock research tools can help you decide if TNGX is a good stock to buy).
- Make your TNGX buy order: Decide if you will purchase TNGX shares at the current market price or use a limit order to buy TNGX stock at a specific price.
- Get notifications regarding your TNGX investment: Create a watchlist to important notifications about your new investment in Tango Therapeutics shares.
Step 1: Decide where to buy Tango Therapeutics stock
You need a brokerage account to access the NASDAQ market and buy TNGX stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the right brokerage, it's time to fill out some personal info so you are able to invest in TNGX today.
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- Input your personal details to open your new brokerage account.
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Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock trading app for beginners, you need to deposit funds:
Watch the walkthrough below if you need help transferring funds into your investment account.
Step 4: Research Tango Therapeutics stock
Once you have decided on the best place to buy Tango Therapeutics stock, it's crucial to research their stock before you buy, so you can comprehend the risk and upside.
Tango Therapeutics shares at a glance
TNGX Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on TNGX's stock page.
What is the fair value of TNGX stock?
Analysts use many financial metrics, analyses, models, and charts to gauge TNGX's true value.
Using relative valuations methods:
- TNGX could be undervalued based on its P/B ratio of 3.11x, relative to Biotechnology industry P/B ratio of 5.76x
You can do more valuation analysis on TNGX's stock here.
TNGX Financial Overview
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the TNGX balance sheet.
- TNGX has $337.74M in cash and short term investments. This is sufficient to cover its annual cash burn of $119.51M.
- TNGX has cash burn of 119508000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the TNGX balance sheet.
Failed Health Checks:
- TNGX profit margin has gone up by 1.57 percentage points in the past year, but the company is still unprofitable.
- TNGX has a relatively high debt to equity ratio of 0.59.
Is Tango Therapeutics stock a Buy, Hold, or Sell, according to analysts?
Out of 3 Wall Street analysts who give recommendations on TNGX, the consensus analyst rating on Tango Therapeutics is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Tango Therapeutics stock forecast page.
TNGX Momentum
How are TNGX Revenues/Earnings doing?
Last year, TNGX revenue was $36.53M. During the past 4 year, TNGX's revenue has grown by 10.33% per year. This was slower than the Biotechnology industry average of 28.98%.
Learn more about TNGX's earnings and revenue performance here.
Who is buying/selling TNGX?
In the last 12 months, executives and large shareholders at TNGX have bought more shares than they have sold.
Third Rock Ventures Iv LP, 10% Owner of TNGX, was the latest TNGX insider to sell. They sold $1,950,000.00 worth of TNGX shares on Feb 20, 2024.
Research more about who owns TNGX stock here.
Does TNGX stock generate passive income?
No, Tango Therapeutics doesn't provide an income stream by paying out dividends.
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Step 5: Make your TNGX buy order
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute your order.
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Step 6: Get notifications regarding your TNGX investment
Now that you own some shares in TNGX, you'll want to stay up-to-date on your new investment.
Create a watchlist to get the latest updates about your TNGX stock.
TNGX Feed
How to Buy Stock in Tango Therapeutics
To summarize, here are the 6 steps you need to take to buy Tango Therapeutics stock right now:
- Decide where to buy Tango Therapeutics stock
- Create your brokerage account
- Deposit money your investment account
- Research Tango Therapeutics stock
- Make your TNGX buy order
- Get notifications regarding your TNGX investment
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to watch your new investment in Tango Therapeutics, create a watchlist today.
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