Stocks of Transmedics Group Inc (NASDAQ:TMDX) traded higher last session on Wall Street, down -7.44% to $81.92.
TMDX stock price is now -43.23% away from the 50-day moving average and -33.03% away from the 200-day moving average. The market capitalization of the company currently stands at $2.73B.
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With the price target reduced from $200 to $125, Oppenheimer maintained Outperform rating for Transmedics Group Inc (NASDAQ: TMDX). On October 29, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $208 to quote $109, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Hassanein Waleed H, President & CEO sold 8,625 shares of the company’s stock on Oct 15 ’24. The stock was sold for $1,144,648 at an average price of $132.71. Upon completion of the transaction, the President & CEO now directly owns 61,643 shares in the company, valued at $5.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 01 ’24, Chief Commercial Officer Khayal Tamer I sold 2,958 shares of the business’s stock. A total of $438,491 was realized by selling the stock at an average price of $148.24. This leaves the insider owning 20,843 shares of the company worth $1.71 million. A total of 3.40% of the company’s stock is owned by insiders.
During the past 12 months, Transmedics Group Inc has had a low of $36.42 and a high of $177.37. As of last week, the company has a debt-to-equity ratio of 2.47, a current ratio of 8.20, and a quick ratio of 7.33. The fifty day moving average price for TMDX is $144.301 and a two-hundred day moving average price translates $122.3226 for the stock.
The latest earnings results from Transmedics Group Inc (NASDAQ: TMDX) was released for 2024-09-30. The net profit margin was 8.14% and return on equity was 19.41% for TMDX. The company reported revenue of $108.76 million for the quarter, compared to $66.43 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 63.72 percent.
