Spotting A Winner: Transmedics Group Inc (NASDAQ: TMDX) Advances 6.50 And It Still Have Room To Run

Transmedics Group Inc (NASDAQ:TMDX) currently has a daily average trading volume of 797.41K but it saw 2917378 shares traded in last market. With a market cap of 4.99B USD, the company’s current market price of $151.51 came rising about 6.50 while comparing to the previous closing price of $142.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $156.05 and as low as $36.42.

Taking a look at 20-day trading activity of Transmedics Group Inc (TMDX) gives us an average price of $146.12, while its current price level is -2.91% below from 52-week high level whereas it is 316.01% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $143.37 while that of 200 days or SMA-200 reads an average of $96.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.14% during that period while stretching the period over a month that decreases to 5.41%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 56.98 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Cantor Fitzgerald which initiated the stock as “Overweight” in its note to investors issued on June 06, 2024, recommending a price target of $161 for it. Piper Sandler also issued its recommendations for the stock as it initiated the price target for the stock is $95.

Over the week, TMDX’s stock price is moving 3.78% up while it is 1.71% when we observe its performance for the past one month. Year-to-date it is 91.95% up and over the past year, the stock is showing an upside performance of 61.39%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.78 beaten by the consensus estimate of -0.16 for the same. In next quarter, company is expected to be making quarterly sales of $106.79M as analysts are expecting the sales for current fiscal year at $406.56M and seeing the company making $536.11M in sales next year. Moreover, analysts are in estimates of $103.36M for current-quarter revenue.

Currently, Transmedics Group Inc’s total number of outstanding shares is 32.67M with 3.26% of that held by the insiders while 108.59% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.51% and return on equity (ROE) at -5.79%. It has a 87.08 of forward P/E ratio. Stock’s beta reads 1.98. Stock has a price to book (P/B) ratio of 31.21 while price to sale or P/S ratio amounts to 16.81. Its return on asset (ROA) is -2.02% on average.