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

Shares of TNL Mediagene – Ordinary Shares (NASDAQ:TNMG) shot up 2.1% on Thursday . The stock traded as high as $0.74 and last traded at $0.73. 236,307 shares changed hands during trading, a decline of 91% from the average session 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 report on Tuesday, May 20th. They set a “speculative buy” rating and a $3.50 price objective on the stock.

TNL Mediagene – Ordinary Shares Trading Up 2.1%

The stock’s 50-day moving average is $0.51.

Institutional Trading of TNL Mediagene – Ordinary Shares

An institutional investor recently bought a new position in TNL Mediagene – Ordinary Shares stock. Mizuho Securities Co. Ltd. acquired a new stake in TNL Mediagene – Ordinary Shares (NASDAQ:TNMG) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 168,298 shares of the company’s stock, valued at approximately $128,000. TNL Mediagene – Ordinary Shares makes up approximately 1.5% of Mizuho Securities Co. Ltd.’s portfolio, making the stock its 21st biggest position. Mizuho Securities Co. Ltd. owned 2.56% of TNL Mediagene – Ordinary Shares at the end of the most recent quarter.

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.