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Tuesday, January 31, 2023

What Are The Chances Of Tandem Diabetes Care Inc. (NASDAQ: TNDM) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Tandem Diabetes Care Inc. (TNDM) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $42.91. The Tandem Diabetes Care Inc. has recorded 32,799 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Tandem Diabetes Care Reports Preliminary, Unaudited 2022 Sales and Reaffirms 2023 Outlook.

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Stocks Info

As a NASDAQ listed company, TNDM falls under the Healthcare sector while operating within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $42.91 and fluctuated between $43.31 as its day high and $40.64 as its day low. The current market capitalization of Tandem Diabetes Care Inc. is $2.70B. A total of 1.06 million shares were traded on the day, compared to an average of 1.19M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, TNDM has seen 17 BUY and 14 SELL insider trades, representing the acquisition of 5,569 and the disposition of 2,030 shares. Over the last 12 months, there were 88 BUYs and 66 SELLs from insiders. Insiders purchased 86,548 shares during that period but sold 42,002.

In the most recent transaction, BERGER DAVID B sold 10,000 shares of TNDM for 40.25 per share on Dec 16. After the transaction, the EVP & Chief Operating Officer now owns 3,029 company shares. In a previous transaction on Dec 15, BERGER DAVID B sold 15,000 shares at 40.32 per share. TNDM shares that EVP & Chief Operating Officer owns now total 3,029.

Among the insiders who sold shares, BERGER DAVID B disposed of 10,097 shares on Jun 08 at a per-share price of $65.02. This resulted in the EVP & Chief Operating Officer holding 2,457 shares of TNDM after the transaction. In another insider transaction, BLICKENSTAFF KIM D sold 10,762 shares at $92.91 per share on May 17. Company shares held by the Director now total 205,190.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TNDM in the last 3 months, the mean price target is $59.93 with high estimates of $80.00 and low estimates of $43.00. In terms of 52-week highs and lows, TNDM has a high of $128.36 and a low of $33.51.

As of this writing, TNDM has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.06 per share and a lower estimate of -$0.18. The company reported an EPS of -$0.23 in the last quarter, which was -228.60% lower than expectations of -$0.07.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TNDM is Underweight with a score of 4.22. A total of 8 analysts rated the stock as Buy while 3 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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