Tandem Diabetes Care (TNDM) Receiving Somewhat Favorable Press Coverage, Analysis Finds
Press coverage about Tandem Diabetes Care (NASDAQ:TNDM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tandem Diabetes Care earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news headlines about the medical device company an impact score of 45.991300492718 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research analysts have commented on TNDM shares. Zacks Investment Research raised shares of Tandem Diabetes Care from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a research note on Wednesday, November 1st. Wedbush reaffirmed an “outperform” rating and set a $17.00 price objective (down from $50.00) on shares of Tandem Diabetes Care in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a “hold” rating and set a $15.00 target price on shares of Tandem Diabetes Care in a research report on Friday, October 6th. Finally, Robert W. Baird reiterated a “hold” rating and set a $3.00 target price on shares of Tandem Diabetes Care in a research report on Sunday, November 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.29.
Tandem Diabetes Care (NASDAQ TNDM) traded up $0.03 during trading hours on Friday, hitting $2.91. The stock had a trading volume of 826,706 shares, compared to its average volume of 1,164,485. Tandem Diabetes Care has a fifty-two week low of $2.15 and a fifty-two week high of $30.00. The company has a market capitalization of $29.45, a P/E ratio of -0.15 and a beta of 0.17. The company has a debt-to-equity ratio of -2.70, a quick ratio of 0.88 and a current ratio of 1.90.
About Tandem Diabetes Care
Tandem Diabetes Care, Inc is a medical device company. The Company is engaged in designing, developing and commercializing products for people with insulin-dependent diabetes. The Company manufactures and sells three insulin pump products, which include t:slim Insulin Delivery System (t:slim), t:flex Insulin Delivery System (t:flex) and t:slim G4 Insulin Delivery System (t:slim G4).
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