During the last session, Tactile Systems Technology Inc. (NASDAQ:TCMD)’s traded shares were 0.36 million, with the beta value of the company hitting 1.40. At the end of the trading day, the stock’s price was $11.38, reflecting an intraday gain of 1.70% or $0.19. The 52-week high for the TCMD share is $57.64, that puts it down -406.5 from that peak though still a striking 7.82% gain since the share price plummeted to a 52-week low of $10.49. The company’s market capitalization is $242.62M, and the average trade volume was 214.68K shares over the past three months.
Tactile Systems Technology Inc. (TCMD) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.20. TCMD has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.
Tactile Systems Technology Inc. (NASDAQ:TCMD) trade information
Tactile Systems Technology Inc. (TCMD) registered a 1.70% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.70% in intraday trading to $11.38 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -12.53%, and it has moved by -41.46% in 30 days. Based on these gigs, the overall price performance for the year is -79.12%.
The consensus price target of analysts on Wall Street is $30.67, which implies an increase of 62.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $28.00 and $35.00 respectively. As a result, TCMD is trading at a discount of -207.56% off the target high and -146.05% off the low.
Tactile Systems Technology Inc. (TCMD) estimates and forecasts
Statistics show that Tactile Systems Technology Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Tactile Systems Technology Inc. (TCMD) shares have gone down -61.76% during the last six months, with a year-to-date growth rate less than the industry average at -70.00% against 4.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -314.30% this quarter and then jump 70.60% in the quarter after that. In the rating firms’ projections, revenue will increase 14.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $56.88 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $61.85 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $49.92 million and $57.44 million respectively. In this case, analysts expect current quarter sales to grow by 13.90% and then jump by 7.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -52.20%. While earnings are projected to return -433.30% in 2022, the next five years will return 5.00% per annum.
Tactile Systems Technology Inc. is due to release its next quarterly earnings between August 01 and August 05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Tactile Systems Technology Inc. (NASDAQ:TCMD)’s Major holders
Tactile Systems Technology Inc. insiders own 2.48% of total outstanding shares while institutional holders control 95.91%, with the float percentage being 98.36%. Blackrock Inc. is the largest shareholder of the company, while 203 institutions own stock in it. As of Dec 30, 2021, the company held over 3.73 million shares (or 18.73% of all shares), a total value of $71.08 million in shares.
The next largest institutional holding, with 3.73 million shares, is of Blackrock Inc.’s that is approximately 18.73% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $71.08 million.
Also, the Mutual Funds coming in first place with the largest holdings of Tactile Systems Technology Inc. (TCMD) shares are iShares Core S&P Smallcap ETF and iShares Core S&P Smallcap ETF. Data provided on Jan 30, 2022 indicates that iShares Core S&P Smallcap ETF owns about 1.4 million shares. This amounts to just over 7.00 percent of the company’s overall shares, with a $22.01 million market value. The same data shows that the other fund manager holds slightly less at 1.4 million, or about 7.00% of the stock, which is worth about $22.01 million.