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Tyra Biosciences Inc [TYRA] Investment Guide: What You Need to Know

Tyra Biosciences Inc’s recent filing unveils that its Officer Tada Hiroomi acquired Company’s shares for reported $0.16 million on Nov 14 ’24. In the deal valued at $15.94 per share,10,107 shares were bought.

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Then, RA CAPITAL MANAGEMENT, L.P. bought 1,220,681 shares, generating $19,836,066 in total proceeds. Upon buying the shares at $16.25, the Director now owns 8,697,956 shares.

Before that, Kjellson Nina S sold 52,491 shares. Tyra Biosciences Inc shares valued at $901,559 were divested by the Director at a price of $17.18 per share. As a result of the transaction, Kjellson Nina S now holds 451,629 shares, worth roughly $6.95 million.

BofA Securities upgraded its Tyra Biosciences Inc [TYRA] rating to a Buy from a a Neutral in a research note published on October 18, 2024; the price target was increased to $31 from $22. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid August with a ‘”an Overweight”‘ rating. BofA Securities also remained covering TYRA and has decreased its forecast on December 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. Wedbush started covering the stock on June 30, 2023. It rated TYRA as “an Outperform”.

Price Performance Review of TYRA

On Friday, Tyra Biosciences Inc [NASDAQ:TYRA] saw its stock fall -5.81% to $15.39. Over the last five days, the stock has lost -4.47%. Tyra Biosciences Inc shares have risen nearly 11.12% since the year began. Nevertheless, the stocks have risen 24.41% over the past one year. While a 52-week high of $29.60 was reached on 10/24/24, a 52-week low of $10.60 was recorded on 01/05/24. SMA at 50 days reached $21.31, while 200 days put it at $19.25.

Levels Of Support And Resistance For TYRA Stock

The 24-hour chart illustrates a support level at 14.83, which if violated will result in even more drops to 14.27. On the upside, there is a resistance level at 16.16. A further resistance level may holdings at 16.93. The Relative Strength Index (RSI) on the 14-day chart is 32.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.58%. Stochastics %K at 8.67% indicates the stock is a buying.

How much short interest is there in Tyra Biosciences Inc?

A steep rise in short interest was recorded in Tyra Biosciences Inc stocks on 2024-10-31, dropping by -0.63 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.38 million shares. There was a decline of -35.59%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 03, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $17 price target.

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