Tactile Systems Technology, Inc. (NASDAQ:TCMD) could be one of the worst stocks that investors may not want to consider for their portfolio today as the company shares are trading 4.05% or 2.17 points down from last closing price of $53.63, reaching $51.46 at last check. Any clue why there is so much of action in the TCMD stock? The share price has dropped in 3 of the last 5 days and is down -26.34% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -72,785 shares, and in total 108515 shares valued at $5.584 million were seen changing hands compared with 181300 shares valued at $9.723 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the TCMD stock is near its bottom.
Tactile Systems Technology, Inc. (TCMD) shares have notched a 3-month decline of about -26.34%, but has still advanced 17.74% year to date. By comparison, the stock added 8.58% over the past 12 months, while it slipped -7.57% over the 1 month. The company’s market cap is around $1.03B, with its short interest ratio standing at 10.99%.
In the current trading session for TCMD, the stock witnessed two major price actions, it rose to a high of $54.71 and was down as much as $51.06 at one point. The high recorded is very low when compared to their 52-week high which is $37.4. The 52-week high is now at -32.64 distance from current price. Their recent low of $76.63 represents a 38.02% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for TCMD is $73, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Tactile Systems Technology, Inc. earned $0.42 per share in the trailing 12 months and has a P/E ratio of 122.52. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 33.07 and higher compared to the sector’s average of 37.1. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. TCMD also has P/S multiple of 6.4. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 6.49x.
The company recorded an interesting insider sale transaction by the Director on May 30, 2019. A Securities and Exchanges Commission filings show that Kevin H Roche sold a total of 4,907 TCMD shares that day for a sum of around $245,350. The filings show that the insider now retains 40,311 shares, currently worth $2,074,404. Tactile Systems Technology, Inc. (TCMD) insiders have acquired 13,491 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 70,928 shares. In total, individual insiders traded 84,419 shares in the business, which makes up 15.976% of 528,395 shares that were traded over a year. In the past 12 months, insiders have purchased 32,301 shares while the seller parted with 496,094 shares.
TCMD‘s last price was down -13.36% as compared to the average trading price of 50 days recorded at $59.4 while enlarging the period to 200 trading days, the average closing price was $51.4. At present, there are 19.2 million in the total number of common shares owned by the public and among those 17.3 million shares have been available to trade. The percentage of shares being held by the company management was 2.8% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (9.5%). It managed to keep its gross profit margin at 48.4% over the past 12 months.
When assessing the full upside of the TCMD stock, there is another set of technicals that should be looked into and considered. Its 2.29% gain from moving average of $50.31 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Tactile Systems Technology, Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 2 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $78.5 on shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD), which corresponds to 52.25% upside potential than its current market price of $51.46 and implies potential despite the recent drop in the price. However, their current target price has fallen from $78.5 a month ago and is up handily from the consensus target of $66 a quarter ago.
In the last five years, the EPS of the company has been roughly 68.9%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 20%. The revenue of the company has risen at an average annualized rate of about 31.1 over the last five years. The company recently recorded an increase of 40.3%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards TCMD stock. Marshall Wace North America L.P. added position in the company after it grew 50% or 317 shares of its common stock. The hedge fund now owns 476 shares worth $24,495, SEC documents show. Marshall Wace LLP shored up assets in the stock as 221159.8 shares have been purchased, increasing its stake by 49.6% to 330,855 shares which are currently valued at $17,025,798. In addition, Rehmann Capital Advisory Group recently reported that it now owns 9,115 shares making a total of $469,058 based on the recent price. This refelects a change of 46.9% in their ownership.