TransEnterix Inc. [TRXC] Closes $15 million Offerings as Stock trades around $0.40 per share: What’s Next?

TransEnterix Inc. [AMEX: TRXC] stock went on an upward path that rose over 20.44% on Tuesday, amounting to a one-week price decrease of less than -30.33%. On July 6, the company updated on the closing of its earlier announced underwritten public offering. The net proceeds from the offering is expected to be around $15 million, which also includes the purchase of additional shares by the underwriters over a full exercise for the over-allotment option. The other expenses payable by the firm are not part of the offering.

TransEnterix Inc.’s offering consisted of almost 42,857,142 shares of the common stock at a per-share price of $0.35 making it an aggregate of approximately $13.7 million net proceeds. The company targets to use the net proceeds for the working capital and general corporate projects.

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Over the last 12 months, TRXC stock dropped by -97.61%. The average equity rating for TRXC stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $21.63 million, with 56.90 million shares outstanding and 47.97 million shares in the current float. Compared to the average trading volume of 3.08M shares, TRXC stock reached a trading volume of 52045455 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on TransEnterix Inc. [TRXC]:

RBC Capital Mkts have made an estimate for TransEnterix Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on August 08, 2019. While these analysts kept the previous recommendation, Piper Jaffray raised their target price to Neutral. The new note on the price target was released on May 22, 2019, representing the official price target for TransEnterix Inc. stock. Previously, the target price had yet another raise to $3, while BTIG Research analysts kept a Buy rating on TRXC stock.

The Average True Range (ATR) for TransEnterix Inc. is set at 0.09, with the Price to Sales ratio for TRXC stock in the period of the last 12 months amounting to 3.09. The Price to Book ratio for the last quarter was 0.17.

TRXC Stock Performance Analysis:

TransEnterix Inc. [TRXC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -30.33. With this latest performance, TRXC shares dropped by -34.53% in over the last four-week period, additionally sinking by -73.35% over the last 6 months – not to mention a drop of -97.61% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TRXC stock in for the last two-week period is set at 40.00, with the RSI for the last a single of trading hit 35.75, and the three-weeks RSI is set at 42.31 for TransEnterix Inc. [TRXC]. The present Moving Average for the last 50 days of trading for this stock 0.5022, while it was recorded at 0.3958 for the last single week of trading, and 1.8836 for the last 200 days.

Insight into TransEnterix Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and TransEnterix Inc. [TRXC] shares currently have an operating margin of -1075.38 and a Gross Margin at -263.76. TransEnterix Inc.’s Net Margin is presently recorded at -1807.54.

Return on Total Capital for TRXC is now -71.81, given the latest momentum, and Return on Invested Capital for the company is -121.23. Return on Equity for this stock declined to -137.65, with Return on Assets sitting at -95.03. When it comes to the capital structure of this company, TransEnterix Inc. [TRXC] has a Total Debt to Total Equity ratio set at 4.52. Additionally, TRXC Total Debt to Total Capital is recorded at 4.33, with Total Debt to Total Assets ending up at 3.12. Long-Term Debt to Equity for the company is recorded at 2.52, with the Long-Term Debt to Total Capital now at 2.41.

Reflecting on the efficiency of the workforce at the company, TransEnterix Inc. [TRXC] managed to generate an average of -$946,018 per employee. Receivables Turnover for the company is 1.43 with a Total Asset Turnover recorded at a value of 0.05.TransEnterix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.30 and a Current Ratio set at 3.10.


With the latest financial reports released by the company, TransEnterix Inc. posted -1.17/share EPS, while the average EPS was predicted by analysts to be reported at -1.04/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TRXC.

TransEnterix Inc. [TRXC] Insider Position Details

There are presently around $3 million, or 18.90% of TRXC stock, in the hands of institutional investors. The top three institutional holders of TRXC stocks are: SABBY MANAGEMENT, LLC with ownership of 1,760,262, which is approximately New of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 1,188,059 shares of the stock with an approximate value of $0.39 million in TRXC stocks shares; and MASTERS CAPITAL MANAGEMENT LLC, currently with $0.34 million in TRXC stock with ownership of nearly 307.441% of the company’s market capitalization.

Positions in TransEnterix Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 44 institutional holders increased their position in TransEnterix Inc. [AMEX:TRXC] by around 4,689,408 shares. Additionally, 33 investors decreased positions by around 444,299 shares, while 25 investors held positions by with 4,263,021 shares. The mentioned changes placed institutional holdings at 9,396,728 shares, according to the latest SEC report filing. TRXC stock had 19 new institutional investments in for a total of 3,063,354 shares, while 18 institutional investors sold positions of 215,170 shares during the same period.

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