Market Watch Highlights: Tactile Systems Technology Inc (TCMD) Ends on an Upturn Note at 18.93

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As of close of business last night, Tactile Systems Technology Inc’s stock clocked out at $18.93, up 3.27% from its previous closing price of $18.33. In other words, the price has increased by $3.27 from its previous closing price. On the day, 0.69 million shares were traded. TCMD stock price reached its highest trading level at $19.1031 during the session, while it also had its lowest trading level at $17.435.

Ratios:

To gain a deeper understanding of TCMD’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.78. For the most recent quarter (mrq), Quick Ratio is recorded 3.80 and its Current Ratio is at 4.37. In the meantime, Its Debt-to-Equity ratio is 0.22 whereas as Long-Term Debt/Eq ratio is at 0.20.

On September 26, 2024, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $23.B. Riley Securities initiated its Buy rating on September 26, 2024, with a $23 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when Ferstler Sherri Lee sold 1,550 shares for $13.07 per share. The transaction valued at 20,263 led to the insider holds 38,764 shares of the business.

Ferstler Sherri Lee bought 1,550 shares of TCMD for $20,262 on Aug 12 ’24. On May 16 ’24, another insider, Birkemeyer Elaine M., who serves as the Chief Financial Officer of the company, sold 3,041 shares for $13.68 each. As a result, the insider received 41,590 and left with 61,295 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, TCMD now has a Market Capitalization of 454265120 and an Enterprise Value of 418683904. As of this moment, Tactile’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.46, and their Forward P/E ratio for the next fiscal year is 22.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 2.19. Its current Enterprise Value per Revenue stands at 1.469 whereas that against EBITDA is 14.864.

Stock Price History:

Over the past 52 weeks, TCMD has reached a high of $21.10, while it has fallen to a 52-week low of $11.12. The 50-Day Moving Average of the stock is 26.66%, while the 200-Day Moving Average is calculated to be 35.51%.

Shares Statistics:

It appears that TCMD traded 214.67K shares on average per day over the past three months and 476860 shares per day over the past ten days. A total of 23.60M shares are outstanding, with a floating share count of 23.27M. Insiders hold about 3.05% of the company’s shares, while institutions hold 98.18% stake in the company. Shares short for TCMD as of 1731628800 were 978403 with a Short Ratio of 4.56, compared to 1728950400 on 1331665. Therefore, it implies a Short% of Shares Outstanding of 978403 and a Short% of Float of 4.1100003.

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