How have the shares performed?
Titan Medical Inc. (TMDI) saw an uptrend of 4.92% in the recent trading with $1.92 being its most recent. The current price level -44.61% lower than the highest price of $3.47 marked by the stock while trading over the past 52-weeks, whereas it is 638.46% higher than the lowest price of $0.26 the company dropped to over past 52-weeks. The latest news story on TMDI appeared in Benzinga under the title “Titan Medical Stock Jumps After Medtronic’s $10M Second Milestone Payment” on May-28-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -10.70% below one month high and is +28.00% above of the lowest during that time. Looking into the simple moving average, Titan Medical Inc. (TMDI)’s stock stands at a SMA-50 of $1.71 while that of 5-day is reading $1.80.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and TMDI’s SMA-200 as of now is $1.47.
Titan Medical Inc. Earnings – What Happened With TMDI
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $63.3 million.
TMDI – Titan Medical Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 109.53 million. TMDI does have institutional investors; and they hold 4.43% of the stock.
Titan Medical Inc. – Insider Activity and Holdings
As on Mar 30, 2021, Renaissance Technologies, LLC was the top most holder in Titan Medical Inc. (NASDAQ:TMDI) with an ownership of 1.09 million shares of the company or 1.00% of the stake worth $1.85 million. The filing also reveals Two Sigma Advisers, LP as the second largest holder in the company with a control over 0.17% of the outstanding shares. Its stake is worth $0.32 million for having 0.19 million shares in hand.
Bank of America Corporation also came holding a key position in the company during the recent quarter and it now holds 0.16% of the outstanding shares. With this there are now 56 institutions which have possession in TMDI’s shares.
Technical Analysis of Titan Medical Inc. (NASDAQ:TMDI) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Titan Medical Inc. (TMDI), we notice that the stock’s 20-day average volume is at 1,155,195 shares. Its 50-day average volume of 1,921,876 shares. And to end, TMDI’s 100-day average volume is 3,026,741 shares with 50% of the long-term indicators pointing towards Buy for the stock.