As of Friday close, TransMedics Group Inc.’s (NASDAQ:TMDX) stock was up $2.42, moving up 3.84 percent to $65.42. The average number of shares traded per day over the past five days has been 879,720 shares. 2 times new highs have been achieved over the past 5 days, with a $0.82 gain in that time frame. In the last twenty days, the average volume was 895,980, while in the previous 50 days, it was 660,808.
Since last month, TMDX stock retreated -27.57%. Shares of the company fell to $60.61 on 08/15/23, the lowest level in the past month. A 52-week high of $99.63 was reached on 07/19/23 after having rallying from a 52-week low of $38.86. Since the beginning of this year, TMDX’s stock price has risen by 5.99% or $3.70, and marked a new high 25 times. However, the stock has declined by -34.34% since its 52-week high.
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TMDX stock investors should be aware that TransMedics Group Inc. (TMDX) stock had its last reported insider trading activity 18 days ago on Aug 01. Hassanein Waleed H, the President & CEO of the company, disposed of 7,500 shares for $93.06 on Aug 01. It resulted in a $697,929 divestment by the insider. Khayal Tamer I sold 5,000 shares at an average price of $95.37 on Jul 18. The insider now owns 14,375 shares following the transaction. On Jul 13, Chief Commercial Officer Khayal Tamer I sold 2,974 shares at $90.05 apiece. The transaction was valued at $267,809.
Valuation Metrics
The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 14.11, the price-to-book (PB) ratio of 14.67.
Financial Health
In the three months ended June 29, TransMedics Group Inc.’s quick ratio stood at 19.70, while its current ratio was 20.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.48, and the total debt-to-equity ratio was 3.48. On the profitability front, the trailing twelve-month gross margin is 69.10% percent. In the year ended June 29, operating margins totaled -9.70%. Based on annual data, TMDX earned $65.27 million in gross profit and brought in $93.46 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.60%. Return on equity (ROE) for the past 12 months was -10.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TMDX’s revenue rose 60.89% to $41.55 million during the quarter, while net income inched up to $52.47 million. While analysts expected TransMedics Group Inc. to report -$0.13 quarterly earnings, the actual figure was -$0.03 per share, beating the consensus estimate by 76.90%. During the quarter, the company generated $0.49 million in EBITDA. The liabilities of TransMedics Group Inc. were 545.14 million at the end of its most recent quarter ended June 29, and its total debt was $515.01 million. The value of shareholders’ equity is $32.63 million.
Technical Picture
This quick technical analysis looks at TransMedics Group Inc.’s (TMDX) price momentum. With a historical volatility rate of 33.14%, the RSI 9-day stood at 28.95% on 18 August.
With respect to its five-day moving average, the current TransMedics Group Inc. price is up by +1.27% percent or $0.82. At present, TMDX shares trade -27.80% below its 20-day simple moving average and -13.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.54% below its SMA50 and +35.67% above its SMA200.
Stochastic coefficient K was 9.97% and Stochastic coefficient D was 8.04%, while ATR was 3.89. Given the Stochastic reading of 14.33% for the 14-day period, the RSI (14) reading has been calculated as 30.21%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -7.18.
Analyst Ratings
Robert W. Baird launched its rating on TransMedics Group Inc. (NASDAQ: TMDX) to an Outperform in a note to investors on July 19, 2023. TransMedics Group Inc. (TMDX) has been rated Buy by analysts. According to 0 brokerage firms, TMDX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate TransMedics Group Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $99.00, the current consensus forecast for the stock is $81.00 – $110.00. Based on these forecasts, analysts predict TransMedics Group Inc. (TMDX) will achieve an average price target of $96.20.
