Wednesday, December 2, 2020

TransEnterix Inc. [TRXC] Revenue clocked in at $4.00 million, down -74.63% YTD: What’s Next?

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TransEnterix Inc. [AMEX: TRXC] traded at a low on 10/28/20, posting a -3.69 loss after which it closed the day’ session at $0.37. The company report on October 26, 2020 that TransEnterix Schedules Third Quarter Financial and Operating Results Conference Call for November 5, 2020.

TransEnterix, Inc. (NYSE American: TRXC) announced today that it plans to release third quarter financial and operating results after the market closes on Thursday, November 5, 2020. The Company will host a conference call to discuss these results starting at 4:30 p.m. Eastern Time the same day. The call will be concurrently webcast.


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To listen to the conference call on your telephone, please dial 1-800-931-4071 for domestic callers and 1-303-223-0117 for international callers, and reference conference ID 21971152 approximately ten minutes prior to the start time. To access the live audio webcast or archived recording, use the following link http://ir.transenterix.com/events.cfm. The replay will be available on the Company’s website.

The results of the trading session contributed to over 1285203 shares changing hands. Over the past one week, the price volatility of TransEnterix Inc. stands at 7.62% while the volatility over the past one month is 8.34%.

The market cap for TRXC stock reached $37.83 million, with 99.88 million shares outstanding and 79.38 million shares in the current float. Compared to the average trading volume of 3.66M shares, TRXC reached a trading volume of 1285203 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 0.04, with the Price to Sales ratio for TRXC stock in the period of the last 12 months amounting to 9.46. The Price to Book ratio for the last quarter was 0.33.

How has TRXC stock performed recently?

TransEnterix Inc. [TRXC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.72. With this latest performance, TRXC shares gained by 5.34% in over the last four-week period, additionally sinking by -10.08% over the last 6 months – not to mention a drop of -90.50% 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 42.79, with the RSI for the last a single of trading hit 37.74, and the three-weeks RSI is set at 46.00 for TransEnterix Inc. [TRXC]. The present Moving Average for the last 50 days of trading for this stock 0.3833, while it was recorded at 0.3968 for the last single week of trading, and 0.5720 for the last 200 days.

TransEnterix Inc. [TRXC]: Deeper insight into the 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 3.40.

Earnings analysis for TransEnterix Inc. [TRXC]

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 -1.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -15.80%. 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.

Insider trade positions for TransEnterix Inc. [TRXC]

There are presently around $2 million, or 22.20% of TRXC stock, in the hands of institutional investors. The top three institutional holders of TRXC stocks are: MASTERS CAPITAL MANAGEMENT LLC with ownership of 900,000, which is approximately -12.837% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 649,474 shares of the stock with an approximate value of $0.24 million in TRXC stocks shares; and SV HEALTH INVESTORS, LLC, currently with $0.19 million in TRXC stock with ownership of nearly 0% of the company’s market capitalization.

Positions in TransEnterix Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 23 institutional holders increased their position in TransEnterix Inc. [AMEX:TRXC] by around 1,496,443 shares. Additionally, 43 investors decreased positions by around 5,735,594 shares, while 32 investors held positions by with 2,229,001 shares. The mentioned changes placed institutional holdings at 5,003,036 shares, according to the latest SEC report filing. TRXC stock had 13 new institutional investments in for a total of 946,320 shares, while 25 institutional investors sold positions of 3,709,217 shares during the same period.

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