Tandem Diabetes Care Inc [TNDM] stock is trading at $29.67, up 9.60%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TNDM shares have gain 11.42% over the last week, with a monthly amount glided 22.76%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 6, March 2024, Tandem Diabetes Care Prices Upsized Private Placement of $275.0 Million of Convertible Senior Notes Due 2029. In a post published today on Yahoo Finance, Tandem Diabetes Care, Inc. (NASDAQ: TNDM), a global insulin delivery and diabetes technology company, announced today the pricing of $275.0 million aggregate principal amount of 1.50% Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering size of $250.0 million aggregate principal amount of notes. Tandem also granted the initial purchasers of the notes an option to purchase, within the 13-day period beginning on, and including, the first date on which the notes are issued, up to an additional $41.25 million aggregate principal amount of notes from Tandem. The sale of the notes is expected to close on March 8, 2024, subject to customary closing conditions.
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 $44.05 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 $29.67 at the most recent close of the market. An investor can expect a potential return of 301.08% 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 0.49% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -0.69 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.33.
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 27.77 points at the first support level, and at 25.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.94, 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. In addition, the Quick Ratio stands at 3.02 and the Cash Ratio stands at 0.3. Considering the valuation of this stock, the price to sales ratio is 2.60, the price to book ratio is 6.20.
Transactions by insiders
Recent insider trading involved Allen Dick, Director, that happened on Nov 27 ’23 when 5000.0 shares were purchased. EVP & CHIEF FINANCIAL OFFICER, Vosseller Leigh completed a deal on Nov 08 ’23 to buy 6200.0 shares. Meanwhile, Chief Legal Officer Hansen Shannon Marie bought 1935.0 shares on Nov 08 ’23.
