TELA Bio Inc (NASDAQ:TELA)’s traded shares stood at 2.56 million during the last session, with the company’s beta value hitting 0.99. At the close of trading, the stock’s price was $2.65, to imply an increase of 6.43% or $0.16 in intraday trading. The TELA share’s 52-week high remains $7.84, putting it -195.85% down since that peak but still an impressive 13.21% since price per share fell to its 52-week low of $2.30. The company has a valuation of $65.48M, with an average of 0.3 million shares in intraday trading volume over the past 10 days and average of 165.52K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for TELA Bio Inc (TELA), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give TELA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.41.
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TELA Bio Inc (NASDAQ:TELA) trade information
After registering a 6.43% upside in the last session, TELA Bio Inc (TELA) has traded red over the past five days. The 5-day price performance for the stock is 1.92%, and 14.22% over 30 days. With these gigs, the year-to-date price performance is -59.97%. Short interest in TELA Bio Inc (NASDAQ:TELA) saw shorts transact 1.64 million shares and set a 9.63 days time to cover.
The extremes give us $8 and $20 for target low and target high price respectively. As such, TELA has been trading -654.72% off suggested target high and -201.89% from its likely low.
TELA Bio Inc (TELA) estimates and forecasts
Looking at statistics comparing TELA Bio Inc share performance against respective industry, we note that the company has outperformed competitors. TELA Bio Inc (TELA) shares are -40.45% down over the last 6 months, with its year-to-date growth rate higher than industry average at 31.37% against 17.40%. Revenue is forecast to grow 8.90% this quarter before jumping 47.20% for the next one. The rating firms project that company’s revenue will grow 27.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 18.75M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 22.95M.Earnings reports from the last fiscal year show that sales brought in 15.05M and 17M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 24.60% before jumping 35.00% in the following quarter.
TELA Dividends
TELA Bio Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
TELA Bio Inc (NASDAQ:TELA)’s Major holders
TELA Bio Inc insiders hold 7.16% of total outstanding shares, with institutional holders owning 85.63% of the shares at 92.23% float percentage. In total, 85.63% institutions holds shares in the company, led by ESSEX WOODLANDS MANAGEMENT, INC.. As of 2024-06-30, the company held over 4.11 million shares (or 16.7242% of shares), all amounting to roughly $19.32 million.
The next major institution holding the largest number of shares is ORBIMED ADVISORS LLC with 2.46 million shares, or about 9.9984% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.55 million.
