Tandem Diabetes Care Inc [TNDM] stock is trading at $29.13, up 16.52%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TNDM shares have gain 19.93% over the last week, with a monthly amount glided 25.89%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Tandem Diabetes Care Announces Fourth Quarter and Full Year 2023 Financial Results and 2024 Financial Guidance. In a post published today on Yahoo Finance, Tandem Diabetes Care, Inc. (NASDAQ: TNDM), a global insulin delivery and diabetes technology company, today reported its financial results for the quarter and year ended December 31, 2023 and provided its financial guidance for the year ending December 31, 2024.
From an analyst’s perspective:
Tandem Diabetes Care Inc [NASDAQ: TNDM] stock has seen the most recent analyst activity on August 04, 2023, when Citigroup downgraded its rating to a Neutral and also revised its price target to $33 from $45. Previously, BofA Securities downgraded its rating to Underperform on May 05, 2023, and dropped its price target to $33. On April 24, 2023, downgrade downgraded it’s rating to Mkt Perform. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $45 on March 29, 2023. Wolfe Research initiated its recommendation with a Peer Perform. Wells Fargo upgraded its rating to Equal Weight for this stock on November 15, 2022, but kept the price target unchanged to $43. In a note dated October 18, 2022, Barclays initiated an Overweight rating and provided a target price of $75 on this stock.
Tandem Diabetes Care Inc [TNDM] stock has fluctuated between $13.82 and $44.85 over the past year. Currently, Wall Street analysts expect the stock to reach $119 within the next 12 months. Tandem Diabetes Care Inc [NASDAQ: TNDM] shares were valued at $29.13 at the most recent close of the market. An investor can expect a potential return of 308.51% based on the average TNDM price forecast.
Analyzing the TNDM fundamentals
Tandem Diabetes Care Inc [NASDAQ:TNDM] reported sales of 747.72M for the trailing twelve months, which represents a drop of -10.75%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 26.21 points at the first support level, and at 23.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.67, and for the 2nd resistance point, it is at 32.21.
Tandem Diabetes Care Inc [TNDM] reported earnings per share of -$0.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.25/share, meaning a difference of -$0.02 and a surprise factor of -8.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.38 per share as compared to estimates of -$0.34 per share, a difference of -$0.04 representing a surprise of -11.80%.
Ratios To Look Out For
For context, Tandem Diabetes Care Inc’s Current Ratio is 3.83. Further, the Quick Ratio stands at 3.02, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.56, the price to book ratio is 6.09.
Transactions by insiders
Recent insider trading involved Allen Dick, Director, that happened on Nov 27 when 5000.0 shares were purchased. EVP & CHIEF FINANCIAL OFFICER, Vosseller Leigh completed a deal on Nov 08 to buy 6200.0 shares. Meanwhile, Chief Legal Officer Hansen Shannon Marie bought 1935.0 shares on Nov 08.
