At the time of writing, Tandem Diabetes Care Inc [TNDM] stock is trading at $35.91, up 7.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TNDM shares have gain 9.95% over the last week, with a monthly amount glided 19.10%, and 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 December 02, 2024, when Morgan Stanley upgraded its rating to a Overweight but kept the price target unchanged to $45 for it. Previously, Bernstein started tracking the stock with Outperform rating on November 06, 2024, and set its price target to $42. On October 04, 2024, Goldman initiated with a Neutral rating and assigned a price target of $46 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $65 on October 02, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $45 as its price target on August 22, 2024. Canaccord Genuity started tracking with a Buy rating for this stock on August 08, 2024, and assigned it a price target of $57. In a note dated May 30, 2024, Redburn Atlantic initiated an Buy rating and provided a target price of $60 on this stock.
For the past year, the stock price of Tandem Diabetes Care Inc fluctuated between $21.85 and $53.69. Currently, Wall Street analysts expect the stock to reach $51.43 within the next 12 months. Tandem Diabetes Care Inc [NASDAQ: TNDM] shares were valued at $35.91 at the most recent close of the market. An investor can expect a potential return of 43.22% 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 33.48 points at the first support level, and at 31.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.32, and for the 2nd resistance point, it is at 38.74.
Ratios To Look Out For
It is important to note that Tandem Diabetes Care Inc [NASDAQ:TNDM] has a current ratio of 2.90. As well, the Quick Ratio is 2.32, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 2.98, the price to book ratio is 9.92.
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.
