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After finishing at $45.44 in the prior trading day, Tandem Diabetes Care Inc (NASDAQ: TNDM) closed at $44.64, down -1.76%. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 2.41 million shares were traded. TNDM stock price reached its highest trading level at $47.6 during the session, while it also had its lowest trading level at $42.5.
Ratios:
Our goal is to gain a better understanding of TNDM by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 3.05. In the meantime, Its Debt-to-Equity ratio is 2.04 whereas as Long-Term Debt/Eq ratio is at 1.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on August 22, 2024, initiated with a Equal-Weight rating and assigned the stock a target price of $45.
On August 08, 2024, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $57.
On May 30, 2024, Redburn Atlantic started tracking the stock assigning a Buy rating and target price of $60.Redburn Atlantic initiated its Buy rating on May 30, 2024, with a $60 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 30 ’24 when Allen Dick sold 5,000 shares for $51.68 per share. The transaction valued at 258,400 led to the insider holds 0 shares of the business.
Allen Dick bought 5,000 shares of TNDM for $94,778 on Nov 27 ’23. The Director now owns 19,962 shares after completing the transaction at $18.96 per share. On Nov 08 ’23, another insider, Vosseller Leigh, who serves as the EVP & CHIEF FINANCIAL OFFICER of the company, bought 6,200 shares for $15.39 each. As a result, the insider paid 95,395 and bolstered with 11,860 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TNDM now has a Market Capitalization of 2922353152 and an Enterprise Value of 2947052032. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.67 while its Price-to-Book (P/B) ratio in mrq is 12.49. Its current Enterprise Value per Revenue stands at 3.702 whereas that against EBITDA is -21.954.
Stock Price History:
Over the past 52 weeks, TNDM has reached a high of $53.69, while it has fallen to a 52-week low of $13.82. The 50-Day Moving Average of the stock is 5.63%, while the 200-Day Moving Average is calculated to be 23.23%.
Shares Statistics:
The stock has traded on average 1.53M shares per day over the past 3-months and 1258040 shares per day over the last 10 days, according to various share statistics. A total of 65.55M shares are outstanding, with a floating share count of 64.95M. Insiders hold about 0.79% of the company’s shares, while institutions hold 113.26% stake in the company. Shares short for TNDM as of 1724976000 were 10484340 with a Short Ratio of 6.79, compared to 1722384000 on 10177940. Therefore, it implies a Short% of Shares Outstanding of 10484340 and a Short% of Float of 24.83.
