Tactile Systems Technology Inc. (NASDAQ: TCMD) has a price-to-earnings ratio that is above its average at 630.43x. and a 36-month beta value of 1.22. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price predicted for Tactile Systems Technology Inc. (TCMD) by analysts is $29.67, which is $15.17 above the current market price. The public float for TCMD is 22.59M, and at present, short sellers hold a 2.32% of that float. On September 19, 2023, the average trading volume of TCMD was 336.62K shares.
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TCMD) stock’s latest price update
Tactile Systems Technology Inc. (NASDAQ: TCMD)’s stock price has gone decline by -11.69 in comparison to its previous close of 16.42, however, the company has experienced a -20.15% decrease in its stock price over the last five trading days. GlobeNewsWire reported 2023-09-07 that MINNEAPOLIS, Sept. 07, 2023 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced that management will participate in the following upcoming investor conferences:
TCMD’s Market Performance
TCMD’s stock has fallen by -20.15% in the past week, with a monthly drop of -19.67% and a quarterly drop of -40.62%. The volatility ratio for the week is 6.21% while the volatility levels for the last 30 days are 4.09% for Tactile Systems Technology Inc. The simple moving average for the past 20 days is -20.64% for TCMD’s stock, with a -17.03% simple moving average for the past 200 days.
Analysts’ Opinion of TCMD
Many brokerage firms have already submitted their reports for TCMD stocks, with Oppenheimer repeating the rating for TCMD by listing it as a “Outperform.” The predicted price for TCMD in the upcoming period, according to Oppenheimer is $55 based on the research report published on November 13, 2020 of the previous year 2020.
TCMD Trading at -29.25% from the 50-Day Moving Average
After a stumble in the market that brought TCMD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -44.47% of loss for the given period.
Volatility was left at 4.09%, however, over the last 30 days, the volatility rate increased by 6.21%, as shares sank -18.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.01% lower at present.
During the last 5 trading sessions, TCMD fell by -20.15%, which changed the moving average for the period of 200-days by +70.99% in comparison to the 20-day moving average, which settled at $18.11. In addition, Tactile Systems Technology Inc. saw 26.31% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TCMD starting from REUVERS DANIEL L., who sale 1,062 shares at the price of $20.53 back on Aug 07. After this action, REUVERS DANIEL L. now owns 125,653 shares of Tactile Systems Technology Inc., valued at $21,808 using the latest closing price.
BURKE WILLIAM W, the Director of Tactile Systems Technology Inc., sale 4,400 shares at $21.86 during a trade that took place back on May 12, which means that BURKE WILLIAM W is holding 27,773 shares at $96,184 based on the most recent closing price.
Stock Fundamentals for TCMD
Current profitability levels for the company are sitting at:
- -0.85 for the present operating margin
- +69.78 for the gross margin
The net margin for Tactile Systems Technology Inc. stands at -7.24. The total capital return value is set at -1.04, while invested capital returns managed to touch -9.13. Equity return is now at value 0.30, with 0.10 for asset returns.
Based on Tactile Systems Technology Inc. (TCMD), the company’s capital structure generated 59.50 points at debt to equity in total, while total debt to capital is 37.30. Total debt to assets is 28.33, with long-term debt to equity ratio resting at 54.99. Finally, the long-term debt to capital ratio is 34.48.
When we switch over and look at the enterprise to sales, we see a ratio of 1.64, with the company’s debt to enterprise value settled at 0.26. The receivables turnover for the company is 3.71 and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.
Conclusion
To sum up, Tactile Systems Technology Inc. (TCMD) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
