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After finishing at $46.99 in the prior trading day, Tandem Diabetes Care Inc (NASDAQ: TNDM) closed at $45.63, down -2.89%. In other words, the price has decreased by -$2.89 from its previous closing price. On the day, 1.24 million shares were traded. TNDM stock price reached its highest trading level at $48.24 during the session, while it also had its lowest trading level at $45.34.
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 3.01 and its Current Ratio is at 3.81. In the meantime, Its Debt-to-Equity ratio is 1.96 whereas as Long-Term Debt/Eq ratio is at 1.89.
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, Redburn Atlantic on May 30, 2024, initiated with a Buy rating and assigned the stock a target price of $60.
On May 22, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $40 to $57.
Wells Fargo Upgraded its Equal Weight to Overweight on April 29, 2024, whereas the target price for the stock was revised from $21 to $45.
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 3035061248 and an Enterprise Value of 2956958720. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.83 while its Price-to-Book (P/B) ratio in mrq is 12.12. Its current Enterprise Value per Revenue stands at 3.84 whereas that against EBITDA is -22.622.
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 -0.21%, while the 200-Day Moving Average is calculated to be 49.97%.
Shares Statistics:
The stock has traded on average 1.61M shares per day over the past 3-months and 1203120 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 64.07M. Insiders hold about 0.80% of the company’s shares, while institutions hold 115.72% stake in the company. Shares short for TNDM as of 1719532800 were 9543874 with a Short Ratio of 5.93, compared to 1717113600 on 9133212. Therefore, it implies a Short% of Shares Outstanding of 9543874 and a Short% of Float of 23.080000000000002.
