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The price of Tandem Diabetes Care Inc (NASDAQ: TNDM) closed at $35.34 in the last session, up 1.52% from day before closing price of $34.81. In other words, the price has increased by $1.52 from its previous closing price. On the day, 1.25 million shares were traded. TNDM stock price reached its highest trading level at $36.11 during the session, while it also had its lowest trading level at $34.9.
Ratios:
We take a closer look at TNDM’s different ratios to gain a better understanding of the stock. 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, Goldman on October 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $46.
On October 02, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $65.
On August 22, 2024, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $45.Morgan Stanley initiated its Equal-Weight rating on August 22, 2024, with a $45 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 2313529600 and an Enterprise Value of 2338228480. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.91 while its Price-to-Book (P/B) ratio in mrq is 9.89. Its current Enterprise Value per Revenue stands at 2.937 whereas that against EBITDA is -17.419.
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 -15.57%, while the 200-Day Moving Average is calculated to be -5.28%.
Shares Statistics:
According to the various share statistics, TNDM traded on average about 1.42M shares per day over the past 3-months and 1318970 shares per day over the past 10 days. 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 113.39% stake in the company. Shares short for TNDM as of 1727654400 were 10073142 with a Short Ratio of 7.10, compared to 1724976000 on 10484340. Therefore, it implies a Short% of Shares Outstanding of 10073142 and a Short% of Float of 23.86.
