In the last trading session, 1,276,264 shares of the Titan Medical Inc. (NASDAQ:TMDI) were traded, and its beta was 0. Most recently the company’s share price was $1.79, and it changed around $0.06 or 0.03% from the last close, which brings the market valuation of the company to $195.94 Million. TMDI currently trades at a discount to its 52-week high of $3.47, offering almost -93.85% off that amount. The share price’s 52-week low was $0.2, which indicates that the current value has risen by an impressive 88.83% since then. We note from Titan Medical Inc.’s average daily trading volume that its 10-day average is 722.88 Million shares, with the 3-month average coming to 3.58 Million.
Titan Medical Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 0. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended TMDI as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight.
Titan Medical Inc. (NASDAQ:TMDI): Trading Information
Instantly TMDI has showed a green trend with a performance of 3.47% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $1.85 on Tuesday, Apr 06 increased the stock’s daily price by 3.24%. The company’s shares are currently up 0.05% year-to-date, but still up 0.0655 over the last five days. On the other hand, Titan Medical Inc. (NASDAQ:TMDI) is 0.03% up in the 30-day period. We can see from the shorts that 795.71 Million shares have been sold at a short interest cover period of 222.27 day (s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bears needing to increase their stock price by 123.46% from its current value. Analyst projections state that TMDI is forecast to be at a low of $4 and a high of $4. In order for the stock price to hit the forecast high, the stock would need to surge +123.46% from its current level, while the stock would need to crash 123.46% from its current level to reach the projected low.
Titan Medical Inc. (TMDI) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Titan Medical Inc. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.
Titan Medical Inc. (NASDAQ:TMDI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.3% of Titan Medical Inc. shares, and 4.05% of them are in the hands of institutional investors. The stock currently has a share float of 4.06%. Titan Medical Inc. stock is held by 52 institutions, with Masters Capital Management, LLC being the largest institutional investor. By Dec 30, 2020, it held 1.14% of the shares, which is about 1.25 Million shares worth $2.14 Million.
Renaissance Technologies, LLC, with 0.54% or 589.2 Thousand shares worth $1.01 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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