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 149.75% per annum.
- TGTX price at the close of April 21, 2025 was $36.97 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 76.57% per annum.
- TGTX price at the close of April 21, 2025 was inside the secondary price channel.
- 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: February 5, 2024
End date: April 21, 2025
a = -0.8832
b = 0.0025
s = 0.0963
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0025) – 1
= 149.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0963) – 1
= 47.00%
February 5, 2024 calculations
Top border of price channel:
Exp(Y953)
= Exp(a + b × X953 + 2 × s)
= Exp(a + b × 1,384 + 2 × s)
= Exp(-0.8832 + 0.0025 × 1,384 + 2 × 0.0963)
= Exp(2.7799)
= $16.12
Bottom border of price channel:
Exp(Y953)
= Exp(a + b × X953 – 2 × s)
= Exp(a + b × 1,384 – 2 × s)
= Exp(-0.8832 + 0.0025 × 1,384 – 2 × 0.0963)
= Exp(2.3947)
= $10.96
April 21, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(-0.8832 + 0.0025 × 1,825 + 2 × 0.0963)
= Exp(3.8858)
= $48.71
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(-0.8832 + 0.0025 × 1,825 – 2 × 0.0963)
= Exp(3.5006)
= $33.13
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 149.75% per annum.
- TGTX price at the close of April 21, 2025 was $36.97 and was inside the primary price channel.
Secondary Trend
Start date: March 14, 2025
End date: April 21, 2025
a = 10.8480
b = -0.0040
s = 0.0381
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0040) – 1
= -76.57%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0381) – 1
= 16.47%
March 14, 2025 calculations
Top border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 + 2 × s)
= Exp(a + b × 1,787 + 2 × s)
= Exp(10.8480 + -0.0040 × 1,787 + 2 × 0.0381)
= Exp(3.8185)
= $45.54
Bottom border of price channel:
Exp(Y1,230)
= Exp(a + b × X1,230 – 2 × s)
= Exp(a + b × 1,787 – 2 × s)
= Exp(10.8480 + -0.0040 × 1,787 – 2 × 0.0381)
= Exp(3.6661)
= $39.10
April 21, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(10.8480 + -0.0040 × 1,825 + 2 × 0.0381)
= Exp(3.6675)
= $39.15
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(10.8480 + -0.0040 × 1,825 – 2 × 0.0381)
= Exp(3.5150)
= $33.61
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 76.57% per annum.
- TGTX price at the close of April 21, 2025 was inside the secondary price channel.