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

TNL Mediagene (NASDAQ:TNMG) shares are set 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

TNMG stock opened at $0.46 on Friday. The company has a fifty day moving average price of $0.46 and a 200 day moving average price of $1.13. TNL Mediagene has a 12 month low of $0.31 and a 12 month high of $12.28. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 3.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TNL Mediagene in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TNL Mediagene presently has an average rating of “Hold” and an average target price of $14.00.

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.