Is Tactile Systems Technology Inc (NASDAQ:TCMD) A Better Buy Than Others After A 33.88% Rise In This Year?

In last trading session, Tactile Systems Technology Inc (NASDAQ:TCMD) saw 0.35 million shares changing hands with its beta currently measuring 1.30. Company’s recent per share price level of $11.50 trading at $0.11 or 0.97% at ring of the bell on the day assigns it a market valuation of $270.25M. That closing price of TCMD’s stock is at a discount of -127.04% from its 52-week high price of $26.11 and is indicating a premium of 30.35% from its 52-week low price of $8.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.76 million shares which gives us an average trading volume of 430.71K if we extend that period to 3-months.

For Tactile Systems Technology Inc (TCMD), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $TherapeuticsMD, Inc. in the current quarter.

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Tactile Systems Technology Inc (NASDAQ:TCMD) trade information

Upright in the green during last session for gaining 0.97%, in the last five days TCMD remained trading in the green while hitting it’s week-highest on Friday, 11/17/23 when the stock touched $11.50 price level, adding 2.46% to its value on the day. Tactile Systems Technology Inc’s shares saw a change of 0.17% in year-to-date performance and have moved 7.38% in past 5-day. Tactile Systems Technology Inc (NASDAQ:TCMD) showed a performance of 3.32% in past 30-days. Number of shares sold short was 0.66 million shares which calculate 2.1 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $24.00 to the stock, which implies a rise of 52.08% to its current value. Analysts have been projecting $19.00 as a low price target for the stock while placing it at a high target of $30.00. It follows that stock’s current price would drop -160.87% in reaching the projected high whereas dropping to the targeted low would mean a loss of -65.22% for stock’s current value.

Tactile Systems Technology Inc (TCMD) estimates and forecasts

Statistics highlight that Tactile Systems Technology Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -46.34% of value to its shares in past 6 months, showing an annual growth rate of 655.56% while that of industry is 9.90. Apart from that, the company came raising its revenue forecast for fiscal year 2023.

In 2023, company’s earnings growth rate is likely to be around 701.41% while estimates for its earnings growth in next 5 years are of 5.00%.

TCMD Dividends

Tactile Systems Technology Inc is more likely to be releasing its next quarterly report on November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Tactile Systems Technology Inc (NASDAQ:TCMD)’s Major holders

Insiders are in possession of 1.07% of company’s total shares while institution are holding 90.40 percent of that, with stock having share float percentage of 91.37%. Investors also watch the number of corporate investors in a company very closely, which is 90.40% institutions for Tactile Systems Technology Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TCMD for having 2.16 million shares of worth $53.88 million. And as of Jun 29, 2023, it was holding 9.21% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group Inc, which was holding about 1.36 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.80% of outstanding shares, having a total worth of $33.92 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.7 million shares of worth $17.5 million or 2.99% of the total outstanding shares. The later fund manager was in possession of 0.53 million shares on Aug 30, 2023, making its stake of worth around $10.12 million in the company or a holder of 2.28% of company’s stock.

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