Transmedics Group Inc (NASDAQ:TMDX) traded at $97.25 at close of the session on Monday, April 29, made an upward move of 5.61% on its previous day’s price.
Looking at the stock we see that its previous close was $92.08. In terms of its 52-week price range, TMDX has a high of $99.63 and a low of $36.42. The company’s stock has gained about 31.53% over that past 30 days.
Transmedics Group Inc has a market cap of $3.18 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.05, with the EPS growth for the year raised at -$0.23 for 2024 and $0.32 for next year. These figures represent 70.10% and 239.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $83.78 million, with a low of $81.2 million and a high of $85.5 million. The median projection represents growth squeezing down to 101.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $366.99 million, or 51.90% up from figures reported last year.
On the other hand, looking at the outlook for the TMDX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 11.79% off its SMA20 and 16.76% from its 50-day simple moving average. The RSI (14) is pointing at 65.70 while the volatility over the past week is 4.83% and jumps to 6.34% over the past one month. The beta value is 1.91, while the average true range (ATR) is currently pointing at 4.91.
Coming back to Transmedics Group Inc (NASDAQ:TMDX), we note that the average 3-month trading volume was 741.87K. Current shares outstanding are 32.67 million.
The insiders hold 3.79% of the company’s shares while institutions hold 110.03%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 23.21% up in year-to-date price movement.
