After Hours
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. Earlier, Yahoo Finance discussed this stock as it revealed Tactile Systems Technology, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results; Introduces Full Year 2024 Outlook.
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Stocks Info
The company is listed on the NASDAQ and operates within the Medical Devices industry segment. At the end of the last regular session, the stock closed at $15.84 and fluctuated between $15.87 as its day high and $13.94 as its day low. The current market capitalization of Tactile Systems Technology Inc is $373.82M. A total of 0.53 million shares were traded on the day, compared to an average of 348.66K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TCMD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 13 SELLs from insiders. Insiders purchased 102,891 shares during that period but sold 23,098.
In the most recent transaction, REUVERS DANIEL L. sold 1,062 shares of TCMD for 20.53 per share on Aug 07. After the transaction, the President and CEO now owns 125,653 company shares. In a previous transaction on May 12, BURKE WILLIAM W sold 4,400 shares at 21.86 per share. TCMD shares that Director owns now total 27,773.
Among the insiders who sold shares, Burns Kristie disposed of 786 shares on May 08 at a per-share price of $18.65. This resulted in the Sr. VP Mktg & Clinical Affairs holding 36,562 shares of TCMD after the transaction. In another insider transaction, PAULS ERIC sold 550 shares at $18.55 per share on May 08. Company shares held by the Senior VP, Sales now total 29,498.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TCMD in the last 3 months, the mean price target is $20.67 with high estimates of $25.00 and low estimates of $17.00. In terms of 52-week highs and lows, TCMD has a high of $26.11 and a low of $9.69.
As of this writing, TCMD has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.18. The company reported an EPS of $0.94 in the last quarter, which was 3,033.30% higher than expectations of $0.03.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TCMD’s latest balance sheet shows that the firm has $40.71M in Cash & Short Term Investments as of fiscal 2021. There were $80.61M in debt and $34.46M in liabilities at the time. Its Book Value Per Share was $8.20, while its Total Shareholder’s Equity was $128.23M.
Analysts Opinion
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. Currently, 0 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 TCMD is Buy with a score of 5.00.
