Transmedics Group Inc (NASDAQ:TMDX) price closed higher on Monday, May 06, jumping 3.64% above its previous close.
A look at the daily price movement shows that the last close reads $127.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $129.66 and 52-week low of $36.42. The stock added 55.99% on its value in the past month.
On average, analysts have forecast the company’s revenue for the quarter will hit 98.96M, with the likely lows of 97M and highs of 101.3M. Staying with the analyst view, there is a consensus estimate of 401.53M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 66.20% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give TMDX a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that TMDX’s price is at present 38.34% off the SMA20 and 54.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 81.97, with weekly volatility standing at 8.17%. The indicator jumps to 6.27% when calculated based on the past 30 days. Transmedics Group Inc (NASDAQ:TMDX)’s beta value is holding at 1.88, while the average true range (ATR) indicator is currently reading 6.80.
An analysis of the Transmedics Group Inc (NASDAQ:TMDX) stock in terms of its daily trading volume indicates that the 3-month average is 877.87K.
Current records show that the company has 32.67M in outstanding shares. The insiders’ percentage holdings are 3.70% of outstanding shares while the percentage share held by institutions stands at 109.45%. But the 68.06% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
