Tandem Diabetes Care Inc (TNDM) concluded trading on Thursday at a closing price of $36.14, with 3.38 million shares of worth about $122.23 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.70% during that period and on October 10, 2024 the price saw a loss of about -7.62%. Currently the company’s common shares owned by public are about 65.55M shares, out of which, 64.95M shares are available for trading.
Stock saw a price change of -10.68% in past 5 days and over the past one month there was a price change of -15.42%. Year-to-date (YTD), TNDM shares are showing a performance of 22.18% which increased to 85.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.82 but also hit the highest price of $53.69 during that period. The average intraday trading volume for Tandem Diabetes Care Inc shares is 1.38 million. The stock is currently trading -14.69% below its 20-day simple moving average (SMA20), while that difference is down -14.29% for SMA50 and it goes to -2.59% lower than SMA200.
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Tandem Diabetes Care Inc (NASDAQ: TNDM) currently have 65.55M outstanding shares and institutions hold larger chunk of about 113.12% of that.
The stock has a current market capitalization of $2.37B and its 3Y-monthly beta is at 1.34. It has posted earnings per share of -$2.09 in the same period. It has Quick Ratio of 2.38 while making debt-to-equity ratio of 2.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TNDM, volatility over the week remained 5.90% while standing at 5.58% over the month.
Stock’s fiscal year EPS is expected to rise by 49.96% while it is estimated to increase by 30.92% in next year. EPS is likely to grow at an annualized rate of 38.80% for next 5-years, compared to annual growth of -6.11% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on October 04, 2024 offering a Neutral rating for the stock and assigned a target price of $46 to it. Coverage by RBC Capital Mkts stated Tandem Diabetes Care Inc (TNDM) stock as an Outperform in their note to investors on October 02, 2024, suggesting a price target of $65 for the stock. On August 22, 2024, Morgan Stanley Initiated their recommendations, while on August 08, 2024, Canaccord Genuity Initiated their ratings for the stock with a price target of $57. Stock get a Buy rating from Redburn Atlantic on May 30, 2024.
