Third Harmonic Bio Stock Buy Hold or Sell Recommendation
| THRD Stock | USD 12.44 0.03 0.24% |
Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Third Harmonic Bio is 'Strong Sell'. Macroaxis provides Third Harmonic buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding THRD positions.
Check out Third Harmonic Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note, we conduct extensive research on individual companies such as Third and provide practical buy, sell, or hold advice based on investors' constraints. Third Harmonic Bio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
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Execute Third Harmonic Buy or Sell Advice
The Third recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Third Harmonic Bio. Macroaxis does not own or have any residual interests in Third Harmonic Bio or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Third Harmonic's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Third Harmonic Trading Alerts and Improvement Suggestions
| Third Harmonic Bio had very high historical volatility over the last 90 days | |
| Net Loss for the year was (30.82 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Third Harmonic Bio currently holds about 112.73 M in cash with (20.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 25.53, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Third Harmonic Bio has a frail financial position based on the latest SEC disclosures | |
| Over 92.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Third Harmonic Bio to Participate in the 7th Annual Evercore HealthCONx Conference |
Third Harmonic Returns Distribution Density
The distribution of Third Harmonic's historical returns is an attempt to chart the uncertainty of Third Harmonic's future price movements. The chart of the probability distribution of Third Harmonic daily returns describes the distribution of returns around its average expected value. We use Third Harmonic Bio price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Third Harmonic returns is essential to provide solid investment advice for Third Harmonic.
| Mean Return | 0.05 | Value At Risk | -6.74 | Potential Upside | 8.35 | Standard Deviation | 4.56 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Third Harmonic historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Third Stock Institutional Investors
| Shares | Citadel Advisors Llc | 2024-09-30 | 608.2 K | Geode Capital Management, Llc | 2024-09-30 | 440.3 K | State Street Corp | 2024-06-30 | 385.9 K | Point72 Asset Management, L.p. | 2024-09-30 | 319.3 K | Fmr Inc | 2024-09-30 | 308 K | Amvescap Plc. | 2024-06-30 | 271 K | Schonfeld Strategic Advisors Llc | 2024-09-30 | 256.3 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 255.4 K | Northern Trust Corp | 2024-09-30 | 191.4 K | Orbimed Advisors, Llc | 2024-06-30 | 5.8 M | Bvf Inc | 2024-09-30 | 4.4 M |
Third Harmonic Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Third Harmonic or Biotechnology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Third Harmonic's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Third stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | -0.25 | |
β | Beta against Dow Jones | 2.46 | |
σ | Overall volatility | 4.59 | |
Ir | Information ratio | -0.02 |
Third Harmonic Volatility Alert
Third Harmonic Bio exhibits above-average semi-deviation for your current time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Third Harmonic's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Third Harmonic's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Third Harmonic Fundamentals Vs Peers
Comparing Third Harmonic's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Third Harmonic's direct or indirect competition across all of the common fundamentals between Third Harmonic and the related equities. This way, we can detect undervalued stocks with similar characteristics as Third Harmonic or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Third Harmonic's fundamental indicators could also be used in its relative valuation, which is a method of valuing Third Harmonic by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Third Harmonic to competition |
| Fundamentals | Third Harmonic | Peer Average |
| Return On Equity | -0.14 | -0.31 |
| Return On Asset | -0.11 | -0.14 |
| Current Valuation | 267.84 M | 16.62 B |
| Shares Outstanding | 45.06 M | 571.82 M |
| Shares Owned By Insiders | 9.04 % | 10.09 % |
| Shares Owned By Institutions | 92.40 % | 39.21 % |
| Number Of Shares Shorted | 2.88 M | 4.71 M |
| Price To Earning | 23.13 X | 28.72 X |
| Price To Book | 1.90 X | 9.51 X |
| EBITDA | (30.79 M) | 3.9 B |
| Net Income | (30.82 M) | 570.98 M |
| Cash And Equivalents | 112.73 M | 2.7 B |
| Cash Per Share | 25.53 X | 5.01 X |
| Total Debt | 3.95 M | 5.32 B |
| Debt To Equity | 7.81 % | 48.70 % |
| Current Ratio | 23.59 X | 2.16 X |
| Book Value Per Share | 6.59 X | 1.93 K |
| Cash Flow From Operations | (20.43 M) | 971.22 M |
| Short Ratio | 20.80 X | 4.00 X |
| Earnings Per Share | (0.97) X | 3.12 X |
| Target Price | 19.0 | |
| Number Of Employees | 51 | 18.84 K |
| Beta | 2.86 | -0.15 |
| Market Capitalization | 560.53 M | 19.03 B |
| Total Asset | 277.71 M | 29.47 B |
| Retained Earnings | (114.22 M) | 9.33 B |
| Working Capital | 267.03 M | 1.48 B |
| Net Asset | 277.71 M |
Note: Disposition of 2117 shares by Conner Edward R. of Third Harmonic at 15.0 subject to Rule 16b-3 [view details]
Third Harmonic Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Third . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Third Harmonic Buy or Sell Advice
When is the right time to buy or sell Third Harmonic Bio? Buying financial instruments such as Third Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Third Harmonic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Asset Allocation ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Asset Allocation ETFs theme has 144 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Asset Allocation ETFs Theme or any other thematic opportunities.
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Check out Third Harmonic Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Third Harmonic. If investors know Third will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Third Harmonic listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.97) | Return On Assets (0.11) | Return On Equity (0.14) |
The market value of Third Harmonic Bio is measured differently than its book value, which is the value of Third that is recorded on the company's balance sheet. Investors also form their own opinion of Third Harmonic's value that differs from its market value or its book value, called intrinsic value, which is Third Harmonic's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Third Harmonic's market value can be influenced by many factors that don't directly affect Third Harmonic's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Third Harmonic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Third Harmonic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Third Harmonic's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.