TNL Mediagene (NASDAQ:TNMG) Shares Down 6.5% – Here’s What Happened

TNL Mediagene (NASDAQ:TNMG) shares were down 6.5% on Thursday . The company traded as low as $0.4712 and last traded at $0.4860. 23,073 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 553,695 shares. The stock had previously closed at $0.5196.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research note on Monday, April 6th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $14.00.

TNL Mediagene Stock Up 0.4%

The firm has a fifty day moving average of $0.77 and a two-hundred day moving average of $2.11. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 3.87.

TNL Mediagene Company Profile

TNL Mediagene engages in digital advertising, integrated marketing, marketing survey, artificial intelligence technology, data analysis, content service platform, and production of audio-visual programs. It operates media, technology, and digital studio businesses primarily in Japan and Taiwan. The company was founded on May 25, 2023 and is headquartered in Taipei, Taiwan.