TNL Mediagene – Ordinary Shares (NASDAQ:TNMG) Stock Price Up 2.1% – Should You Buy?

TNL Mediagene – Ordinary Shares (NASDAQ:TNMG)’s stock price rose 2.1% on Thursday . The company traded as high as $0.74 and last traded at $0.73. Approximately 236,307 shares were traded during trading, a decline of 91% from the average daily volume of 2,488,794 shares. The stock had previously closed at $0.71.

Wall Street Analyst Weigh In

Separately, Benchmark initiated coverage on shares of TNL Mediagene – Ordinary Shares in a research note on Tuesday, May 20th. They set a “speculative buy” rating and a $3.50 price target on the stock.

TNL Mediagene – Ordinary Shares Trading Up 2.1%

The business’s fifty day moving average price is $0.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in TNL Mediagene – Ordinary Shares stock. Mizuho Securities Co. Ltd. acquired a new position in shares of TNL Mediagene – Ordinary Shares (NASDAQ:TNMG) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 168,298 shares of the company’s stock, valued at approximately $128,000. TNL Mediagene – Ordinary Shares accounts for about 1.5% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 21st largest position. Mizuho Securities Co. Ltd. owned 2.56% of TNL Mediagene – Ordinary Shares as of its most recent SEC filing.

TNL Mediagene – Ordinary Shares 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.