Tactile Systems Technology Inc (NASDAQ: TCMD) is -4.27% lower on its value in year-to-date trading and has touched a low of $9.69 and a high of $19.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TCMD stock was last observed hovering at around $13.53 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $13.69, the stock is 6.05% and 10.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.15 million and changing 1.18% at the moment leaves the stock -0.42% off its SMA200. TCMD registered -28.92% loss for a year compared to 6-month loss of -10.81%.
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The stock witnessed a 10.05% gain in the last 1 month and extending the period to 3 months gives it a 7.54%, and is 4.90% up 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 3.50% over the week and 4.53% over the month.
Tactile Systems Technology Inc (TCMD) has around 992 employees, a market worth around $328.15M and $281.54M in sales. Current P/E ratio is 10.03 and Fwd P/E is 16.27. Profit margin for the company is 11.58%. Distance from 52-week low is 41.21% and -30.86% from its 52-week high. The company has generated returns on investments over the last 12 months (13.44%).
The EPS is expected to shrink by -52.65% this year.
Tactile Systems Technology Inc (TCMD) Top Institutional Holders
201.0 institutions hold shares in Tactile Systems Technology Inc (TCMD), with institutional investors hold 102.93% of the company’s shares. The shares outstanding are 23.60M, and float is at 23.23M with Short Float at 6.74%. Institutions hold 100.92% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.43 million shares valued at $28.97 million. The investor’s holdings represent 10.2524% of the TCMD Shares outstanding. As of 2024-06-30, the second largest holder is CADIAN CAPITAL MANAGEMENT, LP with 2.12 million shares valued at $$25.32 million to account for 8.9622 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 1.9 million shares representing 8.0366% and valued at over $22.71 million, while VANGUARD GROUP INC holds 6.0962 of the shares totaling 1.44 million with a market value of $17.23 million.
Tactile Systems Technology Inc (TCMD) Insider Activity
The most recent transaction is an insider sale by Ferstler Sherri Lee,the company’sSenior VP, Sales. SEC filings show that Ferstler Sherri Lee sold 1,550 shares of the company’s common stock on Aug 12 ’24 at a price of $13.07 per share for a total of $20263.0. Following the sale, the insider now owns 38764.0 shares.
Still, SEC filings show that on May 16 ’24, Birkemeyer Elaine M. (Chief Financial Officer) disposed off 3,041 shares at an average price of $13.68 for $41590.0. The insider now directly holds 61,295 shares of Tactile Systems Technology Inc (TCMD).
