At the time of writing, Tandem Diabetes Care Inc [TNDM] stock is trading at $30.81, up 0.23%. 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 12.69% over the last week, with a monthly amount drifted -2.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Tandem Diabetes Care Inc [NASDAQ: TNDM] stock has seen the most recent analyst activity on November 06, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $42. Previously, Goldman started tracking the stock with Neutral rating on October 04, 2024, and set its price target to $46. On October 02, 2024, RBC Capital Mkts initiated with a Outperform rating and assigned a price target of $65 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $45 on August 22, 2024. Canaccord Genuity initiated its recommendation with a Buy and recommended $57 as its price target on August 08, 2024. Redburn Atlantic started tracking with a Buy rating for this stock on May 30, 2024, and assigned it a price target of $60. In a note dated May 22, 2024, Citigroup upgraded an Buy rating on this stock and boosted its target price from $40 to $57.
For the past year, the stock price of Tandem Diabetes Care Inc fluctuated between $18.42 and $53.69. Currently, Wall Street analysts expect the stock to reach $79.05 within the next 12 months. Tandem Diabetes Care Inc [NASDAQ: TNDM] shares were valued at $30.81 at the most recent close of the market. An investor can expect a potential return of 156.57% based on the average TNDM price forecast.
Analyzing the TNDM fundamentals
According to Tandem Diabetes Care Inc [NASDAQ:TNDM], the company’s sales were 854.35M for trailing twelve months, which represents an 31.43% jump. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at -0.14%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.49 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.47.
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 30.12 points at the first support level, and at 29.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.38, and for the 2nd resistance point, it is at 31.95.
Ratios To Look Out For
It is important to note that Tandem Diabetes Care Inc [NASDAQ:TNDM] has a current ratio of 2.90. Further, the Quick Ratio stands at 2.32, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.37, the price to book ratio is 8.51.
Transactions by insiders
Recent insider trading involved BLICKENSTAFF KIM D, Director, that happened on Nov 21 ’24 when 30000.0 shares were sold. Director, BLICKENSTAFF KIM D completed a deal on Nov 20 ’24 to sell 10000.0 shares. Meanwhile, Board of Directors, Chair Emer BLICKENSTAFF KIM D bought 30000.0 shares on Nov 21 ’24.
