Tactile Systems Technology (TCMD) stock forecast for 2023
Last update: September 20, 2023 (12:47)
Sector: HealthcareThe share price of Tactile Systems Technology, Inc. (TCMD) now
50/200 Day Moving Average: $20.32 / $17.51
This figure corresponds to the Average Price over the previous 50/200 days. For Tactile Systems Technology stocks, the 50-day moving average is the resistance level today.
For Tactile Systems Technology stocks, the 200-day moving average is the resistance level today.
Are you interested in Tactile Systems Technology stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Tactile Systems Technology stock price in 2023. How much will one Tactile Systems Technology share be worth in 2023? Is it worth taking profit / loss on Tactile Systems Technology stock now or waiting? What are analysts' forecasts for Tactile Systems Technology stock?
We forecast Tactile Systems Technology stock performance using neural networks based on historical data on Tactile Systems Technology stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Tactile Systems Technology stock prediction results are shown below and presented as a graph, table and text information.
Tactile Systems Technology stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Tactile Systems Technology analysts is $29.67.
Today 200 Day Moving Average is the support level (17.51 $).
50 Day Moving Average is the resistance level (20.32 $).
Historical and forecast chart of Tactile Systems Technology stock
The chart below shows the historical price of Tactile Systems Technology stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Tactile Systems Technology stock price can be found in the table below.
Tactile Systems Technology (TCMD) Forecast for 2023
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Oct | 13.77 | 12.73 | 15.49 | 17.78 % |
| Nov | 14.50 | 13.94 | 16.30 | 14.51 % |
| Dec | 14.05 | 13.18 | 14.73 | 10.53 % |
Tactile Systems Technology information and performance
Tactile Systems Technology, Inc. Is a medical technology company that develops and supplies medical devices for the treatment of chronic diseases in the home. The company is a manufacturer and distributor of the Flexitouch and Entre systems, medical devices that help control the symptoms of lymphedema, a chronic and progressive disease that is often an unintended consequence of cancer treatments, and the ACTitouch system, a medical device used to treat venous leg ulcers and chronic venous insufficiency. … Its products provide long-term treatment for chronic conditions. The company provides its products for home use and markets them through vascular, wound, and lymphedema clinics throughout the United States. The company offers a platform for delivering home healthcare solutions across the United States. His initial area of therapeutic focus was vascular disease, with an emphasis on advancing the treatment of lymphedema and chronic venous insufficiency.
1331 TYLER STREET NE STE 200, MINNEAPOLIS, MN, US
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Tactile Systems Technology price target for 2023 by month
Target values for the price of one Tactile Systems Technology share for Oct 2023.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 17.781% volatility is expected.
Pessimistic target level: 12.73
Optimistic target level: 15.49
Target values for the price of one Tactile Systems Technology share for Nov 2023.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 14.509% volatility is expected.
Pessimistic target level: 13.94
Optimistic target level: 16.30
Target values for the price of one Tactile Systems Technology share for Dec 2023.
In Dec, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 10.535% volatility is expected.
Pessimistic target level: 13.18
Optimistic target level: 14.73