At the time of writing, Tactile Systems Technology Inc [TCMD] stock is trading at $15.63, down -3.64%. 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 TCMD shares have gain 2.46% over the last week, with a monthly amount glided 8.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tactile Systems Technology Inc [NASDAQ: TCMD] stock has seen the most recent analyst activity on November 05, 2024, when Oppenheimer downgraded its rating to a Perform. Previously, BTIG Research downgraded its rating to Neutral on November 05, 2024. On September 26, 2024, B. Riley Securities initiated with a Buy rating and assigned a price target of $23 on the stock. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $55 on November 13, 2020. Oppenheimer initiated its recommendation with a Perform. BTIG Research upgraded its rating to Buy for this stock on August 07, 2019, but kept the price target unchanged to $62. In a note dated June 13, 2019, Dougherty & Company initiated an Buy rating and provided a target price of $80 on this stock.
For the past year, the stock price of Tactile Systems Technology Inc fluctuated between $10.50 and $16.95. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. Tactile Systems Technology Inc [NASDAQ: TCMD] shares were valued at $15.63 at the most recent close of the market. An investor can expect a potential return of 2.37% based on the average TCMD price forecast.
Analyzing the TCMD fundamentals
According to Tactile Systems Technology Inc [NASDAQ:TCMD], the company’s sales were 285.05M for trailing twelve months, which represents an 5.04% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.
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 15.31 points at the first support level, and at 15.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.17, and for the 2nd resistance point, it is at 16.72.
Ratios To Look Out For
It is important to note that Tactile Systems Technology Inc [NASDAQ:TCMD] has a current ratio of 4.37. Further, the Quick Ratio stands at 3.80, while the Cash Ratio is 2.21. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 1.80 and price to earnings (TTM) ratio is 24.32.
Transactions by insiders
Recent insider trading involved Ferstler Sherri Lee, Senior VP, Sales, that happened on Aug 12 ’24 when 1550.0 shares were sold. Officer, Ferstler Sherri Lee completed a deal on Aug 12 ’24 to buy 1550.0 shares. Meanwhile, Chief Financial Officer Birkemeyer Elaine M. sold 3041.0 shares on May 16 ’24.
