Tyme Technologies, Inc. (TYME) Is Up, So Why Am I Smiling?

The biggest gainers of the session on the Wall Street include Tyme Technologies, Inc. (NASDAQ:TYME), which rose 0.09 points or 6.62% to trade at $1.45 as last check. The stock closed last session at $1.36 and sets an active trading volume day with a reported 409258 contracts so far this session. TYME shares had a relatively better volume day versus average trading capacity of 905.38 thousand shares, but with a 50.66 million float and a 16.24% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TYME stock indicates that the average analyst price target is $8.5 per share. This means the stock has a potential increase of 486.21% from where the TYME share price has been trading recently which is between $1.22 and $1.38.

The shorts are climbing into Tyme Technologies, Inc. (TYME) stock. The latest set of short interest data was released on 15 August 2019, and the numbers show a rise in short interest in TYME shares. While short interest still represents only 15.29% of TYME’s float, the number of shares shorted have risen by 1042419. The number of shares shorted advanced to 7744786 shares, up from 6702367 shares during the preceding fortnight. With average daily trading volumes at 502649 shares, days to cover decreased to about 16.21557 days. The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Will Tyme Technologies Continue to Surge Higher?” and dated September 09, 2019.

During the recent trading session for Tyme Technologies, Inc. (NASDAQ:TYME), the company witnessed their stock rise $0.28 over a week and surge $0.46 from the price 20 days ago. When compared to their established 52-week high of $4.64, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 12/13/18. The recent low of $0.92 stood for a -68.76% since 06/20/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.37 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for Tyme Technologies, Inc., the two-week RSI stands at 75.82. This figure suggests that TYME stock, for now, is oversold, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current TYME readings is similarly very revealing as it has a stochastic reading of 95.31% at this stage. This figure means that TYME share price today is being oversold.

Technical chart claims that Tyme Technologies, Inc. (TYME) would settle between $1.42/share to $1.48/share level. However, if the stock price goes below the $1.26 mark, then the market for Tyme Technologies, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.16 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.12. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

TYME equity has an average rating of 1, with the figure leaning towards a bullish end. 1 analysts who tracked the company were contacted by Reuters. Amongst them, 0 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Tyme Technologies, Inc. (NASDAQ:TYME) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, TYME stock price is currently trading at 0X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is 3.8. Tyme Technologies, Inc. current P/B ratio of 12.7 means it is trading at a premium against its industry’s 2.94.