TG Therapeutics Inc (TGTX)
TG Therapeutics, Inc., a commercial-stage biopharmaceutical company, focuses on the acquisition, development, and commercialization of novel treatments for B-cell malignancies and autoimmune diseases. The company is headquartered in New York, New York.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 202.42% per annum.
- TGTX price at the close of January 28, 2025 was $33.45 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.27% per annum.
- TGTX price at the close of January 28, 2025 was higher than the top border of the secondary price channel by $3.44 (11.46%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TGTX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: March 14, 2024
End date: January 3, 2025
a = -1.9633
b = 0.0030
s = 0.0815
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0030) – 1
= 202.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0815) – 1
= 38.54%
March 14, 2024 calculations
Top border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 + 2 × s)
= Exp(a + b × 1,506 + 2 × s)
= Exp(-1.9633 + 0.0030 × 1,506 + 2 × 0.0815)
= Exp(2.7657)
= $15.89
Bottom border of price channel:
Exp(Y1,038)
= Exp(a + b × X1,038 – 2 × s)
= Exp(a + b × 1,506 – 2 × s)
= Exp(-1.9633 + 0.0030 × 1,506 – 2 × 0.0815)
= Exp(2.4397)
= $11.47
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 + 2 × s)
= Exp(a + b × 1,801 + 2 × s)
= Exp(-1.9633 + 0.0030 × 1,801 + 2 × 0.0815)
= Exp(3.6601)
= $38.87
Bottom border of price channel:
Exp(Y1,241)
= Exp(a + b × X1,241 – 2 × s)
= Exp(a + b × 1,801 – 2 × s)
= Exp(-1.9633 + 0.0030 × 1,801 – 2 × 0.0815)
= Exp(3.3341)
= $28.05
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 202.42% per annum.
- TGTX price at the close of January 28, 2025 was $33.45 and was inside the primary price channel.
Secondary Trend
Start date: November 21, 2024
End date: January 23, 2025
a = 9.4008
b = -0.0033
s = 0.0349
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0033) – 1
= -70.27%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0349) – 1
= 14.98%
November 21, 2024 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,758 + 2 × s)
= Exp(9.4008 + -0.0033 × 1,758 + 2 × 0.0349)
= Exp(3.6276)
= $37.62
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,758 – 2 × s)
= Exp(9.4008 + -0.0033 × 1,758 – 2 × 0.0349)
= Exp(3.4880)
= $32.72
January 23, 2025 calculations
Top border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 + 2 × s)
= Exp(a + b × 1,821 + 2 × s)
= Exp(9.4008 + -0.0033 × 1,821 + 2 × 0.0349)
= Exp(3.4182)
= $30.51
Bottom border of price channel:
Exp(Y1,253)
= Exp(a + b × X1,253 – 2 × s)
= Exp(a + b × 1,821 – 2 × s)
= Exp(9.4008 + -0.0033 × 1,821 – 2 × 0.0349)
= Exp(3.2786)
= $26.54
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 70.27% per annum.
- TGTX price at the close of January 28, 2025 was higher than the top border of the secondary price channel by $3.44 (11.46%). This indicates a possible reversal in the secondary trend direction.