While Tandem Diabetes Care Inc has underperformed by -0.86%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TNDM rose by 117.79%, with highs and lows ranging from $53.69 to $14.33, whereas the simple moving average fell by -17.97% in the last 200 days.
On November 06, 2024, Bernstein started tracking Tandem Diabetes Care Inc (NASDAQ: TNDM) recommending Outperform. A report published by Goldman on October 04, 2024, Initiated its previous ‘Neutral’ rating for TNDM. RBC Capital Mkts also rated TNDM shares as ‘Outperform’, setting a target price of $65 on the company’s shares in an initiating report dated October 02, 2024. Morgan Stanley Initiated an Equal-Weight rating on August 22, 2024, and assigned a price target of $45. Canaccord Genuity initiated its ‘Buy’ rating for TNDM, as published in its report on August 08, 2024. Redburn Atlantic’s report from May 30, 2024 suggests a price prediction of $60 for TNDM shares, giving the stock a ‘Buy’ rating. Citigroup 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 31.43%, showing a positive trend in the upcoming months.
One of the most important indicators of Tandem Diabetes Care Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -45.96% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.32, 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 also provide valuable insight into volatility, and TNDM is recording 1.27M average volume. On a monthly basis, the volatility of the stock is set at 5.32%, whereas on a weekly basis, it is put at 7.84%, with a loss of -6.07% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.35, showing growth from the present price of $31.10, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of 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 0.79%. 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 114.00% 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 114.00% at present.
