While Tandem Diabetes Care Inc has underperformed by -0.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TNDM rose by 65.71%, with highs and lows ranging from $53.69 to $13.82, whereas the simple moving average jumped by 21.34% in the last 200 days.
On August 22, 2024, Morgan Stanley started tracking Tandem Diabetes Care Inc (NASDAQ: TNDM) recommending Equal-Weight. A report published by Canaccord Genuity on August 08, 2024, Initiated its previous ‘Buy’ rating for TNDM. Redburn Atlantic also rated TNDM shares as ‘Buy’, setting a target price of $60 on the company’s shares in an initiating report dated May 30, 2024. Citigroup May 22, 2024d the rating to Buy on May 22, 2024, and set its price target from $40 to $57. Wells Fargo April 29, 2024d its ‘Equal Weight’ rating to ‘Overweight’ for TNDM, as published in its report on April 29, 2024. Leerink Partners’s report from April 25, 2024 suggests a price prediction of $45 for TNDM shares, giving the stock a ‘Outperform’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Tandem Diabetes Care Inc (TNDM)
Further, the quarter-over-quarter increase in sales is 13.27%, showing a positive trend in the upcoming months.
Tandem Diabetes Care Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -48.48% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and TNDM is registering an average volume of 1.59M. On a monthly basis, the volatility of the stock is set at 5.37%, whereas on a weekly basis, it is put at 5.25%, with a loss of -2.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.18, showing growth from the present price of $42.24, which can serve as yet another indication of whether TNDM is worth investing in or should be passed over.
How Do You Analyze Tandem Diabetes Care Inc Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 113.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TNDM shares are owned by institutional investors to the tune of 113.83% at present.
