51 institutions hold shares in Titan Medical Inc. (TMDI), with 255.59k shares held by insiders accounting for 0.31% while institutional investors hold 3.30% of the company’s shares. The shares outstanding are 90.60M, and float is at 82.07M with Short Float at 1.29%. Institutions hold 3.29% of the Float.
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The top institutional shareholder in the company is Masters Capital Management, LLC with over 1.5 million shares valued at $1.1 million. The investor’s holdings represent 1.66% of the TMDI Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 0.59 million shares valued at $1.01 million to account for 0.65% of the shares outstanding. The other top investors are Two Sigma Advisers, LP which holds 0.22 million shares representing 0.24% and valued at over $0.16 million, while Accredited Investors holds 0.19% of the shares totaling 0.17 million with a market value of $0.12 million.
Titan Medical Inc. (NASDAQ: TMDI) is 62.57% higher on its value in year-to-date trading and has touched a low of $0.12 and a high of $3.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TMDI stock was last observed hovering at around $2.69 in the last trading session, with the day’s gains setting it 0.09% off its average median price target of $1.00 for the next 12 months. It is also -178.0% off the consensus price target high of $1.00 offered by 1 analysts, but current levels are -178.0% lower than the price target low of $1.00 for the same period.
Currently trading at $2.78, the stock is -2.40% and 32.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing 3.35% at the moment leaves the stock 153.45% off its SMA200. TMDI registered 612.82% gain for a year compared to 6-month gain of 273.46%. The firm has a 50-day simple moving average (SMA 50) of $2.4712 and a 200-day simple moving average (SMA200) of $1.2808.
The stock witnessed a -2.46% loss in the last 1 month and extending the period to 3 months gives it a 291.55%, and is -10.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.07% over the week and 13.06% over the month.
Distance from 52-week low is 2176.82% and -19.79% from its 52-week high.
Titan Medical Inc. (TMDI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Titan Medical Inc. (TMDI) is a “Hold”. 1 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Titan Medical Inc. is expected to release its quarterly report on 05/17/2021..