Tandem Diabetes Care, Inc. (TNDM) Stock: A Technology Stock That’s Making Its Way For The Bottom

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Tandem Diabetes Care, Inc. (TNDM) is falling in the market in today’s trading session. The company, focused in the tech space, is currently trading at $68.76 after tumbling -6.53% so far in today’s session. As it relates to technology companies, there are quite a few aspects that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories relating to TNDM:

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Mar-18-19 12:43PM Jim Cramer Won’t Buy Apple Stock at Current Prices Unless the Company Does This
Mar-14-19 09:36AM Tandem Diabetes (TNDM) Hits a 52-Week High on Solid Prospects
Mar-11-19 02:25PM Tandem Diabetes Signs as an Insulin Pump Vendor in Canada
09:01AM Why Tandem Diabetes Care Stock Soared 51% in February
Mar-07-19 04:15PM Tandem Diabetes Care Approved as Insulin Pump Vendor for ADP in Ontario, Canada

Nonetheless, when making an investing decision, investors should look at far more than news, especially in the ever evolving tech sector. Here’s what’s happening with Tandem Diabetes Care, Inc..

Recent Movement Out of TNDM

While a decline in a single session, like the move that we’re seeing from Tandem Diabetes Care, Inc. might cause fear in some investors, a single session fall by itself should not be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to dig into trends just a single trading session. As it relates to TNDM, here are the returns that investors have seen:

  • Past 5 Sessions – Throughout the last 7 days, TNDM has generated a change in value in the amount of -6.00%.
  • Past 30 Days – The ROI from Tandem Diabetes Care, Inc. in the last 30 days comes to 40.13%.
  • Past Quarter – Throughout the last 3 months, the stock has generated a return that works out to 109.76%
  • Past Six Months – Over the past 6 months, we’ve seen a change that equates to 72.12% from the stock.
  • YTD – Since the the first trading session of this year TNDM has resulted in a return on investment of 81.09%.
  • Full Year – Lastly, over the past full year, we have seen performance that works out to 1758.38% from TNDM. Over this period of time, the stock has traded at a high of -8.09% and a low price of 1783.32%.

Key Ratios

Looking at various key ratios associated with a company can give investors an understanding of just how risky and/or rewarding a pick may be. Below are some of the key ratios to look at when looking at TNDM.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the stock is headed for declines. In general, strong tech stocks can carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, in relation to Tandem Diabetes Care, Inc., it’s short ratio is 2.97.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure If a company is able to cover its debts when they come due based on current assets or quick assets. Because in tech, several companies rely on the continuation of support from investors as they work to bring new technologies to market, these ratios can look upsetting. However, several good picks in the technology sector do have strong current and quick ratios. As far as TNDM, the quick and current ratios come to 2.50 and 2.80 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets owned by the company. In this particular case, that ratio equates to 2.28.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. In this case, the cash to share value comes to 2.27.

What Are Big Money Players Doing With Tandem Diabetes Care, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TNDM, here’s what we’re seeing:

Institutions own 88.40% of the company. Institutional interest has moved by 15.21% over the past three months. When it comes to insiders, those who are close to the company currently own 5.12% percent of TNDM shares. Institutions have seen ownership changes of an accumulative -18.36% over the last three months.

How Analysts Feel About Tandem Diabetes Care, Inc.

Although it’s rarely a good idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to use their thoughts when validating your own when it comes to making investment decisions in the tech industry. Below you’ll find the recent moves that we’ve seen from analysts as it relates to TNDM.

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Mar-08-19 Initiated BMO Capital Markets Outperform $77
Mar-05-19 Reiterated BofA/Merrill Neutral $59 → $65
Feb-27-19 Reiterated Lake Street Buy $60 → $100
Nov-21-18 Upgrade Robert W. Baird Neutral → Outperform
Sep-26-18 Reiterated Piper Jaffray Overweight $32 → $56

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.39. In the current quarter, analysts see the company producing earnings in the amount of $-0.30. Over the last 5 years, TNDM has generated revenue in the amount of $44.70% with earnings coming in at 37.90%. On a quarter over quarter basis, earnings have seen movement of 100.90% and revenue has seen movement of 89.10%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 56.79M shares of Tandem Diabetes Care, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TNDM has a float of 53.15M.

I also find it important to follow the short percentage of the float. Think about it, if a large portion of the float available for trading is sold short, the overall opinion in the market is that the stock is going to take a dive. As far as TNDM, the short percentage of the float is currently 11.22%. Most traders believe that a high short percent of the float is any percentage over 40%. Nonetheless, I’ve calculated that a short ratio over 26% is likely a play that comes with hefty risk.

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