TMCI has 36-month beta value of 0.25. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for TMCI is 45.63M, and currently, short sellers hold a 10.76% ratio of that float. The average trading volume of TMCI on November 06, 2024 was 609.24K shares.
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TMCI) stock’s latest price update
The stock of Treace Medical Concepts Inc (NASDAQ: TMCI) has increased by 23.87 when compared to last closing price of 5.76. Despite this, the company has experienced a 48.95% gain in its stock price over the last five trading sessions. accesswire.com reported 2024-11-06 that LOS ANGELES, CA / ACCESSWIRE / November 6, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Treace Medical Concepts, Inc. (“Treace” or “the Company”) (NASDAQ:TMCI) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
TMCI’s Market Performance
Treace Medical Concepts Inc (TMCI) has seen a 48.95% rise in stock performance for the week, with a 37.74% gain in the past month and a 12.89% surge in the past quarter. The volatility ratio for the week is 9.37%, and the volatility levels for the past 30 days are at 5.68% for TMCI. The simple moving average for the past 20 days is 36.62% for TMCI’s stock, with a -15.33% simple moving average for the past 200 days.
Analysts’ Opinion of TMCI
Many brokerage firms have already submitted their reports for TMCI stocks, with UBS repeating the rating for TMCI by listing it as a “Neutral.” The predicted price for TMCI in the upcoming period, according to UBS is $6.50 based on the research report published on May 16, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see TMCI reach a price target of $7, previously predicting the price at $17. The rating they have provided for TMCI stocks is “Hold” according to the report published on May 08th, 2024.
Stifel gave a rating of “Hold” to TMCI, setting the target price at $6 in the report published on May 08th of the current year.
TMCI Trading at 32.91% from the 50-Day Moving Average
After a stumble in the market that brought TMCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.35% of loss for the given period.
Volatility was left at 5.68%, however, over the last 30 days, the volatility rate increased by 9.37%, as shares surge +37.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.94% upper at present.
During the last 5 trading sessions, TMCI rose by +49.90%, which changed the moving average for the period of 200-days by -44.47% in comparison to the 20-day moving average, which settled at $5.22. In addition, Treace Medical Concepts Inc saw -44.04% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TMCI starting from Treace John T., who purchase 50,000 shares at the price of $5.31 back on Sep 16 ’24. After this action, Treace John T. now owns 6,523,095 shares of Treace Medical Concepts Inc, valued at $265,630 using the latest closing price.
TREACE JAMES T, the Director of Treace Medical Concepts Inc, purchase 84,000 shares at $5.96 during a trade that took place back on Aug 15 ’24, which means that TREACE JAMES T is holding 1,223,441 shares at $501,035 based on the most recent closing price.
Stock Fundamentals for TMCI
Current profitability levels for the company are sitting at:
- -0.31 for the present operating margin
- 0.81 for the gross margin
The net margin for Treace Medical Concepts Inc stands at -0.3. The total capital return value is set at -0.36. Equity return is now at value -50.69, with -27.15 for asset returns.
Based on Treace Medical Concepts Inc (TMCI), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.47. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -23.77.
Currently, EBITDA for the company is -46.08 million with net debt to EBITDA at -1.02. When we switch over and look at the enterprise to sales, we see a ratio of 2.49. The receivables turnover for the company is 8.39for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.12.
Conclusion
To put it simply, Treace Medical Concepts Inc (TMCI) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
