After finishing at $28.86 in the prior trading day, Tandem Diabetes Care Inc (NASDAQ: TNDM) closed at $27.34, down -5.27%. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1631011 shares were traded.
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 3.02 and its Current Ratio is at 3.83. In the meantime, Its Debt-to-Equity ratio is 1.33 whereas as Long-Term Debt/Eq ratio is at 1.27.
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 the company, Citigroup on August 04, 2023, Downgraded its rating to Neutral and sets its target price to $33 from $45 previously.
On May 05, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $45 to $33.
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 Nov 27 when Allen Dick bought 5,000 shares for $18.96 per share. The transaction valued at 94,778 led to the insider holds 19,962 shares of the business.
Vosseller Leigh bought 6,200 shares of TNDM for $95,395 on Nov 08. The EVP & CHIEF FINANCIAL OFFICER now owns 11,860 shares after completing the transaction at $15.39 per share. On Nov 08, another insider, Hansen Shannon Marie, who serves as the Chief Legal Officer of the company, bought 1,935 shares for $15.44 each. As a result, the insider paid 29,884 and bolstered with 1,935 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 1.80B and an Enterprise Value of 1.74B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 5.71. Its current Enterprise Value per Revenue stands at 2.33 whereas that against EBITDA is -8.85.
Stock Price History:
Over the past 52 weeks, TNDM has reached a high of $44.85, while it has fallen to a 52-week low of $13.82. The 50-Day Moving Average of the stock is 25.83, while the 200-Day Moving Average is calculated to be 24.81.
Shares Statistics:
The stock has traded on average 1.59M shares per day over the past 3-months and 2.29M 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 65.19M. Insiders hold about 0.68% of the company’s shares, while institutions hold 108.92% stake in the company. Shares short for TNDM as of Jan 31, 2024 were 5.43M with a Short Ratio of 3.41, compared to 5.72M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.32% and a Short% of Float of 9.31%.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of -$0.71 for the current quarter, with a high estimate of -$0.4 and a low estimate of -$0.85, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.5, with high estimates of -$0.37 and low estimates of -$0.65.
Analysts are recommending an EPS of between -$1.36 and -$1.96 for the fiscal current year, implying an average EPS of -$1.61. EPS for the following year is -$1.08, with 14 analysts recommending between -$0.7 and -$1.44.
Revenue Estimates
16 analysts predict $175.29M in revenue for the current quarter. It ranges from a high estimate of $195.8M to a low estimate of $166M. As of the current estimate, Tandem Diabetes Care Inc’s year-ago sales were $170.23M, an estimated increase of 3.00% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $204.39M, an increase of 3.60% over than the figure of $3.00% in the same quarter last year. There is a high estimate of $220.15M for the next quarter, whereas the lowest estimate is $192M.
A total of 18 analysts have provided revenue estimates for TNDM’s current fiscal year. The highest revenue estimate was $852.29M, while the lowest revenue estimate was $799M, resulting in an average revenue estimate of $844.04M. In the same quarter a year ago, actual revenue was $747.72M, up 12.90% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $940.43M in the next fiscal year. The high estimate is $1.01B and the low estimate is $903.3M. The average revenue growth estimate for next year is up 11.40% from the average revenue estimate for this year.
