TNL Mediagene Stock Scheduled to Reverse Split on Tuesday, September 8th (NASDAQ:TNMG)

TNL Mediagene (NASDAQ:TNMGFree Report)’s stock is scheduled to reverse split on Tuesday, September 8th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 7th.

TNL Mediagene Stock Performance

Shares of TNL Mediagene stock opened at $0.45 on Friday. 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 has a 52-week low of $0.31 and a 52-week high of $12.28. The company has a fifty day moving average of $0.46 and a 200-day moving average of $1.13.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TNL Mediagene in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.00.

Read Our Latest Analysis on TNMG

TNL Mediagene Company Profile

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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.

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