In last trading session, TELA Bio Inc (NASDAQ:TELA) saw 0.56 million shares changing hands with its beta currently measuring 0.98. Company’s recent per share price level of $3.08 trading at $0.09 or 2.84% at ring of the bell on the day assigns it a market valuation of $112.89M. That closing price of TELA’s stock is at a discount of -154.55% from its 52-week high price of $7.84 and is indicating a premium of 25.32% from its 52-week low price of $2.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.37 million shares which gives us an average trading volume of 245.48K if we extend that period to 3-months.
For TELA Bio Inc (TELA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 2 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 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.4 in the current quarter.
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TELA Bio Inc (NASDAQ:TELA) trade information
Upright in the green during last session for gaining 2.84%, in the last five days TELA remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $3.08 price level, adding 5.52% to its value on the day. TELA Bio Inc’s shares saw a change of -53.55% in year-to-date performance and have moved 6.03% in past 5-day. TELA Bio Inc (NASDAQ:TELA) showed a performance of 29.20% in past 30-days. Number of shares sold short was 1.54 million shares which calculate 13.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 72.0% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 20. It follows that stock’s current price would drop -159.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -159.74% for stock’s current value.
TELA Bio Inc (TELA) estimates and forecasts
Statistics highlight that TELA Bio Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -46.71% of value to its shares in past 6 months, showing an annual growth rate of 31.37% while that of industry is 16.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 27.30% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 18.85M for the same. And 5 analysts are in estimates of company making revenue of 22.85M in the next quarter. Company posted 15.05M and 17M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.17% during past 5 years.
TELA Bio Inc (NASDAQ:TELA)’s Major holders
Insiders are in possession of 4.82% of company’s total shares while institution are holding 61.35 percent of that, with stock having share float percentage of 64.46%. Investors also watch the number of corporate investors in a company very closely, which is 61.35% institutions for TELA Bio Inc that are currently holding shares of the company. ESSEX WOODLANDS MANAGEMENT, INC. is the top institutional holder at TELA for having 4.11 million shares of worth $19.32 million. And as of 2024-06-30, it was holding 16.7242 of the company’s outstanding shares.
The second largest institutional holder is ORBIMED ADVISORS LLC, which was holding about 2.46 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.9984 of outstanding shares, having a total worth of $11.55 million.
