November 20, 2023, Tactile Systems Technology Inc (NASDAQ: TCMD) trading session started at the price of $11.55, that was 9.91% jump from the session before. During the day, the shares moved up to $12.73 and dropped to $11.46 before settling in for the closing price of $11.50. A 52-week range for TCMD has been $8.18 – $26.11.
During the last 5-year period, the sales growth of Healthcare Sector giant was 18.38%. When this article was written, the company’s average yearly earnings per share was at 701.41%. With a float of $23.07 million, this company’s outstanding shares have now reached $23.50 million.
Let’s determine the extent of company efficiency that accounts for 982 employees. In terms of profitability, gross margin is +69.78, operating margin of -0.85, and the pretax margin is -6.27.
Tactile Systems Technology Inc (TCMD) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Tactile Systems Technology Inc stocks. The insider ownership of Tactile Systems Technology Inc is 1.82%, while institutional ownership is 92.24%. The most recent insider transaction that took place on Aug 07, was worth 21,808. In this transaction President and CEO of this company sold 1,062 shares at a rate of $20.53, taking the stock ownership to the 125,653 shares. Before that another transaction happened on May 12, when Company’s Director sold 4,400 for $21.86, making the entire transaction worth $96,184. This insider now owns 27,773 shares in total.
Tactile Systems Technology Inc (TCMD) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/29/2023, it has been observed that the corporation posted $0.94 earnings per share (EPS) during the time that was better than consensus figure (set at $0.04) by $0.9. This company achieved a net margin of -7.24 while generating a return on equity of -14.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 701.41% per share during the next fiscal year.
Tactile Systems Technology Inc (NASDAQ: TCMD) Trading Performance Indicators
You can see what Tactile Systems Technology Inc (TCMD) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.10. Likewise, its price to free cash flow for the trailing twelve months is 15.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.07, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 0.49 in one year’s time.
Technical Analysis of Tactile Systems Technology Inc (TCMD)
Looking closely at Tactile Systems Technology Inc (NASDAQ: TCMD), its last 5-days average volume was 0.55 million, which is a jump from its year-to-date volume of 0.32 million. As of the previous 9 days, the stock’s Stochastic %D was 76.39%. Additionally, its Average True Range was 0.77.
During the past 100 days, Tactile Systems Technology Inc’s (TCMD) raw stochastic average was set at 17.94%, which indicates a significant decrease from 80.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 119.81% in the past 14 days, which was higher than the 66.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.52, while its 200-day Moving Average is $17.56. However, in the short run, Tactile Systems Technology Inc’s stock first resistance to watch stands at $13.09. Second resistance stands at $13.55. The third major resistance level sits at $14.36. If the price goes on to break the first support level at $11.82, it is likely to go to the next support level at $11.01. Should the price break the second support level, the third support level stands at $10.55.
Tactile Systems Technology Inc (NASDAQ: TCMD) Key Stats
There are 23,498K outstanding shares of the company, which has a market capitalization of 297.04 million. As of now, sales total 246,790 K while income totals -17,870 K. Its latest quarter income was 69,590 K while its last quarter net income were 22,300 K.