While Tandem Diabetes Care Inc has overperformed by 0.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TNDM rose by 125.74%, with highs and lows ranging from $53.69 to $13.82, whereas the simple moving average jumped by 0.53% in the last 200 days.
On October 04, 2024, Goldman started tracking Tandem Diabetes Care Inc (NASDAQ: TNDM) recommending Neutral. A report published by RBC Capital Mkts on October 02, 2024, Initiated its previous ‘Outperform’ rating for TNDM. Morgan Stanley also rated TNDM shares as ‘Equal-Weight’, setting a target price of $45 on the company’s shares in an initiating report dated August 22, 2024. Canaccord Genuity Initiated an Buy rating on August 08, 2024, and assigned a price target of $57. Redburn Atlantic initiated its ‘Buy’ rating for TNDM, as published in its report on May 30, 2024. Citigroup’s report from May 22, 2024 suggests a price prediction of $57 for TNDM shares, giving the stock a ‘Buy’ rating. Wells Fargo also rated the stock as ‘Overweight’.
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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.
To gain a thorough understanding of Tandem Diabetes Care Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and TNDM is recording an average volume of 1.42M. On a monthly basis, the volatility of the stock is set at 5.65%, whereas on a weekly basis, it is put at 6.22%, with a loss of -10.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $54.32, showing growth from the present price of $37.36, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 0.79%. 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 113.11% 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 113.11% at present.
