Tandem Diabetes Care Inc (NASDAQ:TNDM) has a beta value of 1.11 and has seen 1.51 million shares traded in the last trading session. The company, currently valued at $2.39B, closed the last trade at $37.05 per share which meant it gained $1.81 on the day or 5.14% during that session. The TNDM stock price is -9.96% off its 52-week high price of $40.74 and 62.7% above the 52-week low of $13.82. The 3-month trading volume is 1.74 million shares.
Tandem Diabetes Care Inc (NASDAQ:TNDM) trade information
Sporting 5.14% in the green in last session, the stock has traded in the green over the last five days, when the TNDM stock price touched $37.05 or saw a rise of 2.5%. Year-to-date, Tandem Diabetes Care Inc shares have moved 25.25%, while the 5-day performance has seen it change 16.77%. Over the past 30 days, the shares of Tandem Diabetes Care Inc (NASDAQ:TNDM) have changed 4.63%.
Tandem Diabetes Care Inc (TNDM) estimates and forecasts
Figures show that Tandem Diabetes Care Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 106.06% over the past 6 months, with this year growth rate of -3.18%, compared to 14.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -20.60% and -66.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.10%.
16 analysts offering their estimates for the company have set an average revenue estimate of $174.02 million for the current quarter. 15 have an estimated revenue figure of $205.03 million for the next quarter concluding in Jun 2024. Year-ago sales stood $170.23 million and $197.36 million respectively for this quarter and the next, and analysts expect sales will grow by 2.20% for the current quarter and 3.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -6.11% over the past 5 years.
TNDM Dividends
Tandem Diabetes Care Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
