Last Updated: 09 Nov 2024
Executive Summary
Tactile Systems Technology Inc (TCMD) is a medical technology company with a market capitalization of $360.4 million. The company's latest stock price is $15.02, and it has a trailing PE ratio of 23.11. Analysts have a strong buy rating on the stock, with a target price of $21.
Company Overview
Tactile Systems Technology Inc is headquartered in Minneapolis, Minnesota. The company develops and supplies medical devices for chronic diseases in the United States. The company's products include the Flexitouch System, which is used to treat lymphedema, and the Flexitouch Plus System, which is used to treat chronic wounds.
Fundamental Analysis
Tactile Systems Technology Inc has reported strong financial results in recent quarters. The company's revenue grew by 0.05% year-over-year to $285.1 million in the latest quarter. The company's EPS was $0.65, which was in line with analyst expectations.
The company's gross profit margin was 0.0542, and its operating margin was 0.0928. The company's return on assets was 0.0462, and its return on equity was 0.0791.
Technical Analysis
The stock price of Tactile Systems Technology Inc has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 65, which indicates that the stock is overbought.
Short Term Outlook
The short-term outlook for Tactile Systems Technology Inc is positive. The company is expected to continue to report strong financial results, and the stock price is expected to continue to trend higher.
Long Term Outlook
The long-term outlook for Tactile Systems Technology Inc is also positive. The company is expected to continue to grow its revenue and earnings in the coming years. The company's products are in high demand, and the company is well-positioned to capitalize on the growing demand for medical devices.
Analyst Recommendations
Analysts have a strong buy rating on Tactile Systems Technology Inc. The company's strong financial results, positive technical outlook, and long-term growth prospects make it a good investment for investors.
