TNL Mediagene (NASDAQ:TNMG) Stock Price Down 6.1% – Here’s What Happened

Shares of TNL Mediagene (NASDAQ:TNMG) traded down 6.1% during trading on Monday . The company traded as low as $2.85 and last traded at $2.91. 8,161 shares were traded during mid-day trading, a decline of 91% from the average session volume of 93,595 shares. The stock had previously closed at $3.10.

Wall Street Analysts Forecast Growth

TNMG has been the topic of several research reports. Benchmark raised their price objective on shares of TNL Mediagene to $14.00 and gave the company a “speculative buy” rating in a research report on Thursday, January 15th. Wall Street Zen cut TNL Mediagene from a “hold” rating to a “sell” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, December 18th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

TNL Mediagene Stock Performance

The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.14. The company’s fifty day moving average is $3.05 and its 200 day moving average is $5.51.

About TNL Mediagene

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.