In last trading session, Tactile Systems Technology Inc (NASDAQ:TCMD) saw 0.4 million shares changing hands with its beta currently measuring 1.18. Company’s recent per share price level of $19.64 trading at $0.71 or 3.75% at ring of the bell on the day assigns it a market valuation of $471.30M. That closing price of TCMD’s stock is at a discount of -7.43% from its 52-week high price of $21.10 and is indicating a premium of 43.38% from its 52-week low price of $11.12. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.51 million shares which gives us an average trading volume of 223.68K if we extend that period to 3-months.
For Tactile Systems Technology Inc (TCMD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 1 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 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.28 in the current quarter.
Tactile Systems Technology Inc (NASDAQ:TCMD) trade information
Upright in the green during last session for gaining 3.75%, in the last five days TCMD remained trading in the green while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $19.64 price level, adding 6.92% to its value on the day. Tactile Systems Technology Inc’s shares saw a change of 37.34% in year-to-date performance and have moved 23.21% in past 5-day. Tactile Systems Technology Inc (NASDAQ:TCMD) showed a performance of 33.15% in past 30-days. Number of shares sold short was 0.98 million shares which calculate 4.08 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 16 to the stock, which implies a fall of -22.75% to its current value. Analysts have been projecting 16 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would jump 18.53% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.53% for stock’s current value.
Tactile Systems Technology Inc (TCMD) estimates and forecasts
Statistics highlight that Tactile Systems Technology Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 54.28% of value to its shares in past 6 months, showing an annual growth rate of -48.03% while that of industry is 15.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 6.90% 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 85.39M for the same. And 5 analysts are in estimates of company making revenue of 66.82M in the next quarter. Company posted 77.65M and 61.09M 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 29.16% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -51.69% while estimates for its earnings growth in next 5 years are of 5.00%.
Tactile Systems Technology Inc (NASDAQ:TCMD)’s Major holders
Insiders are in possession of 1.95% of company’s total shares while institution are holding 100.16 percent of that, with stock having share float percentage of 102.16%. Investors also watch the number of corporate investors in a company very closely, which is 100.16% 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 2.43 million shares of worth $28.97 million. And as of 2024-06-30, it was holding 10.2524 of the company’s outstanding shares.
The second largest institutional holder is CADIAN CAPITAL MANAGEMENT, LP, which was holding about 2.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.9622 of outstanding shares, having a total worth of $25.32 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 30, 2024 , the former fund manager was holding 753.02 shares of worth $14.71 million or 3.14% of the total outstanding shares. The later fund manager was in possession of 637.41 shares on Aug 31, 2024 , making its stake of worth around $12.46 million in the company or a holder of 2.66% of company’s stock.
