Tactile Systems Technology Inc. [TCMD] is -47.39% lower this YTD. Is it still time to buy?

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Tactile Systems Technology Inc. [NASDAQ: TCMD] stock went on a downward path that fall over -17.93% on Tuesday, amounting to a one-week price decrease of less than -8.99%. The company report on August 4, 2020 that Glancy Prongay & Murray LLP, a National Class Action Law Firm, Continues Investigation of Tactile Systems Technology, Inc. (TCMD) on Behalf of Investors.

Glancy Prongay & Murray LLP (“GPM”), a national investor rights law firm, continues its investigation on behalf of Tactile Systems Technology, Inc. (“Tactile” or the “Company”) (NASDAQ: TCMD) investors concerning the Company and its officers’ possible violations of the federal securities laws.

If you suffered a loss on your Tactile investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/tactile-systems-technology-inc/.You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

Over the last 12 months, TCMD stock dropped by -35.59%. The one-year Tactile Systems Technology Inc. stock forecast points to a potential upside of 45.52. The average equity rating for TCMD stock is currently 1.40, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $713.60 million, with 19.17 million shares outstanding and 18.42 million shares in the current float. Compared to the average trading volume of 236.19K shares, TCMD stock reached a trading volume of 1149356 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Tactile Systems Technology Inc. [TCMD]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCMD shares is $65.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCMD stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Tactile Systems Technology Inc. shares, keeping their opinion on the stock as Perform, with their previous recommendation back on October 22, 2019. The new note on the price target was released on August 07, 2019, representing the official price target for Tactile Systems Technology Inc. stock. Previously, the target price had yet another raise to $80, while Dougherty & Company analysts kept a Buy rating on TCMD stock.

The Average True Range (ATR) for Tactile Systems Technology Inc. is set at 2.32, with the Price to Sales ratio for TCMD stock in the period of the last 12 months amounting to 3.65. The Price to Book ratio for the last quarter was 6.02, with the Price to Cash per share for the same quarter was set at 2.67.

TCMD Stock Performance Analysis:

Tactile Systems Technology Inc. [TCMD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.99. With this latest performance, TCMD shares dropped by -11.18% in over the last four-week period, additionally sinking by -38.79% over the last 6 months – not to mention a drop of -35.59% 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 TCMD stock in for the last two-week period is set at 37.05, with the RSI for the last a single of trading hit 36.83, and the three-weeks RSI is set at 40.60 for Tactile Systems Technology Inc. [TCMD]. The present Moving Average for the last 50 days of trading for this stock 41.97, while it was recorded at 41.06 for the last single week of trading, and 50.84 for the last 200 days.

Insight into Tactile Systems Technology Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Tactile Systems Technology Inc. [TCMD] shares currently have an operating margin of +6.12 and a Gross Margin at +70.84. Tactile Systems Technology Inc.’s Net Margin is presently recorded at +5.79.

Return on Total Capital for TCMD is now 10.62, given the latest momentum, and Return on Invested Capital for the company is 10.11. Return on Equity for this stock inclined to 10.87, with Return on Assets sitting at 8.48. When it comes to the capital structure of this company, Tactile Systems Technology Inc. [TCMD] has a Total Debt to Total Equity ratio set at 14.73. Additionally, TCMD Total Debt to Total Capital is recorded at 12.84, with Total Debt to Total Assets ending up at 10.93. Long-Term Debt to Equity for the company is recorded at 13.44, with the Long-Term Debt to Total Capital now at 11.72.

Reflecting on the efficiency of the workforce at the company, Tactile Systems Technology Inc. [TCMD] managed to generate an average of $17,442 per employee. Receivables Turnover for the company is 5.60 with a Total Asset Turnover recorded at a value of 1.46.Tactile Systems Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 4.50.

TCMD Stock EPS

With the latest financial reports released by the company, Tactile Systems Technology Inc. posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.11/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.10%. 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 TCMD. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tactile Systems Technology Inc. go to 5.00%.

Tactile Systems Technology Inc. [TCMD] Insider Position Details

There are presently around $737 million, in the hands of institutional investors. The top three institutional holders of TCMD stocks are: FRED ALGER MANAGEMENT, LLC with ownership of 3,737,368, which is approximately 102.398% of the company’s market cap and around 2.90% of the total institutional ownership; BLACKROCK INC., holding 2,884,428 shares of the stock with an approximate value of $102.45 million in TCMD stocks shares; and WADDELL & REED FINANCIAL INC, currently with $48.75 million in TCMD stock with ownership of nearly 6.203% of the company’s market capitalization.

Positions in Tactile Systems Technology Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 78 institutional holders increased their position in Tactile Systems Technology Inc. [NASDAQ:TCMD] by around 4,684,746 shares. Additionally, 81 investors decreased positions by around 2,535,149 shares, while 28 investors held positions by with 13,529,316 shares. The mentioned changes placed institutional holdings at 20,749,211 shares, according to the latest SEC report filing. TCMD stock had 19 new institutional investments in for a total of 1,630,284 shares, while 28 institutional investors sold positions of 733,206 shares during the same period.

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