Tandem Diabetes Care, Inc. (TNDM) Stock: Here’s Why It’s Headed Up

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Tandem Diabetes Care, Inc. (TNDM) is making a move up in the market in today’s trading session. The stock, focused in the tech sector, is currently priced at $68.76 after heading up -6.53% so far today. As it relates to technology companies, there are quite a few aspects that have the ability to lead to movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines associated with 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

However, when making an investing decision, investors should focus on much more than just news, this is especially the case in the ever changing tech industry. Here’s what’s happing when it comes to Tandem Diabetes Care, Inc..

The Performance That TNDM Investors Have Experienced

Although a move up on a single session, like the gain that we’re seeing from Tandem Diabetes Care, Inc. may cause excitement in some investors, a single session gain alone should not be the reason for a decision to, or not to, invest in a company. It is always a good idea to take a look at trends experienced by the stock further out than a single session. As it relates to TNDM, here are the movements that we have seen:

  • Weekly – In the past five trading sessions, TNDM has generated a change in value amounting to -6.00%.
  • Past 30 Days – The monthly returns from Tandem Diabetes Care, Inc. has been 40.13%.
  • Past 3 Months – In the past three months, the stock has produced a ROI that comes to 109.76%
  • Past 6 Months – Throughout the past 6 months, we have seen a change of 72.12% from the stock.
  • This Year So Far – Since the the last trading session of last year TNDM has resulted in a return of 81.09%.
  • Full Year – Lastly, in the past year, investors have seen movement of 1758.38% out of TNDM. In this period, the stock has traded at a high price of -8.09% and a low price of 1783.32%.

Important Ratios

Looking at a few key ratios associated with a company can provide prospective traders a look of how dangerous and/or potentially profitable a an investment option may be. Below are a few of the most important ratios to think about when digging into TNDM.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the stock is headed for declines. Across the sector, strong technology stocks can have a lower short ratio. However, we also see a lot of short squeezes in the space. Nonetheless, as it relates to Tandem Diabetes Care, Inc., it’s short ratio clocks in at 2.97.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure whether or not a company can pay for its debts when they mature based on quick assets or current assets. Because in tech, companies rely heavily on continued support from investors as they work to bring new technologies to market, these ratios can look damning. Nonetheless, some gems in the tech sector do have strong quick and current ratios. As far as TNDM, the quick and current ratios total up to 2.50 and 2.80 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. when it comes to Tandem Diabetes Care, Inc., the book to share value ratio is 2.28.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. In the case of TNDM, the cash to share value is 2.09.

Big Money And Tandem Diabetes Care, Inc.

One thing that I have come to understand in my short time here is that smart investors tend to follow the moves made by big money players. In general, investors that are trying to play it relatively safe will keep an eye on trades made by institutional investors as well as insiders. So, where is the big money in regard to TNDM? Here’s the information:

Institutions own 88.40% of the company. Institutional interest has moved by 13.79% 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 -17.14% over the last three months.

What Analysts Think About Tandem Diabetes Care, Inc.

While it’s rarely a smart idea to blindly follow the thoughts of analysts, it is a smart idea to consider their analysis in order to validate your own due diligence when it comes to making investment decisions in the technology industry. Below are the most recent moves that we have seen from analysts with regard 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%.

What’s Going On With Share Counts?

Traders tend to have an interest in the counts of shares both available and outstanding. As far as Tandem Diabetes Care, Inc., there are currently 61.75M with a float of 53.15M. These data mean that out of the total of 61.75M shares of TNDM currently in existence today, 53.15M are able to be traded in the public space.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TNDM, the short percent of the float is 11.22%.

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