How to Buy Tandem Diabetes Care Stock
Tandem Diabetes Care Inc
Tandem Diabetes Care, Inc. , a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States and internationally.
Tandem Diabetes Care stock last closed at $20.59, down 3.06% from the previous day, and has decreased 56.49% in one year. It has underperformed other stocks in the Medical Devices industry by 0.39 percentage points. Tandem Diabetes Care stock is currently +0.24% from its 52-week low of $20.54, and -64.99% from its 52-week high of $58.82.
As of Sep 22, 2023, there are 65.08M TNDM shares outstanding. The market cap of TNDM is $1.34B. In the past 24 hours, 738,771 TNDM shares were traded.
How to Buy Tandem Diabetes Care Stock
Not sure how to invest in Tandem Diabetes Care stock? Here's how.
- Decide where to buy Tandem Diabetes Care stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you determine where to buy Tandem Diabetes Care stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Pick your method of payment and add your info.
- Research Tandem Diabetes Care stock: The Tandem Diabetes Care ticker symbol is TNDM. Is Tandem Diabetes Care stock a good investment? Should you buy shares of TNDM? How do TNDM's underlying business fundamentals look? Do top analysts think Tandem Diabetes Care is a good buy? Why has TNDM's stock price moved recently? (Hint: Our stock analysis website can help you figure out if TNDM is a good stock to buy).
- Make your TNDM buy order: Decide if you will purchase TNDM shares at the current market price or use a limit order to buy TNDM stock at a given price.
- Keep tabs on your investment in TNDM: Create a watchlist to the latest updates on your new investment in Tandem Diabetes Care stock.
Step 1: Decide where to buy Tandem Diabetes Care stock
You need a brokerage account in order to access the NASDAQ market and buy TNDM stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal info so you are able to invest in TNDM today.
How to Set Up a New Account on eToro
- Click here to get started.
- Enter your personal data to start a new trading account.
- Send your data by pressing the "Create Account" button.
Step 3: Deposit funds into your investment account
Now that you've opened your account on the stock trading app, you need to deposit funds:
Check out the video below to see the process of transferring money into your new brokerage account.
Step 4: Research Tandem Diabetes Care stock
Once you have figured out the best place to buy Tandem Diabetes Care stock, it's critical to research their stock prior to buying, so you actually comprehend the risk as well as the opportunity.
Tandem Diabetes Care Numbers
Tandem Diabetes Care Due Diligence Checks
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on TNDM's stock page.
Is TNDM stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge TNDM's intrinsic value.
Using relative valuations measures:
- TNDM may be overvalued based on its P/B ratio of 4.07x, relative to Medical Devices industry P/B ratio of 3.54x
You can do additional valuation research on TNDM's stock here.
A look at TNDM Cashflows and Balance Sheet
Positive Financial Indicators:
- TNDM has cash burn of 30428000. It has sufficient cash and short-term investments to cover this for at least one year.
- TNDM has $507.25M in cash and short term investments. This is enough to cover its annual cash burn of $30.43M.
- There are more short-term assets than long-term liabilities on the TNDM balance sheet.
- Total TNDM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the TNDM balance sheet.
Negative Financial Indicators:
- TNDM profit margin has gone down from -1.7% to -28.4% in the past year.
- TNDM has a relatively high debt to equity ratio of 1.88.
Is TNDM stock a Buy, Hold, or Sell, according to analysts?
Out of 8 Equities analysts who research TNDM, the consensus analyst rating on TNDM is a Hold
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent TNDM Analyst Upgrades/Downgrades
Joanne Wuensch, a top 7% analyst from Citigroup maintains TNDM with a hold rating and lowers their TNDM price target from $33.00 to $31.00, on Aug 21, 2023.
Jeff Johnson, a top 11% analyst from Baird maintains TNDM with a hold rating and lowers their TNDM price target from $33.00 to $32.00, on Aug 21, 2023.
Matt Miksic, a bottom 9% analyst from Barclays maintains TNDM with a strong buy rating and lowers their TNDM price target from $71.00 to $62.00, on Aug 7, 2023.
Joshua Jennings, a top 24% analyst from TD Cowen maintains TNDM with a buy rating and lowers their TNDM price target from $52.00 to $34.00, on Aug 4, 2023.
Larry Biegelsen, a top 14% analyst from Wells Fargo maintains TNDM with a hold rating and lowers their TNDM price target from $40.00 to $30.00, on Aug 4, 2023.
You can dig deeper into what analysts are projecting on the Tandem Diabetes Care stock forecast page.
TNDM Trading Indicators
TNDM Performance Numbers
Last year, TNDM revenue was $790.35M. During the past 5 year, TNDM's revenue has gone up by 43.76% per year. This was faster than the Medical Devices industry average of 13.02%.
Find out more about TNDM's earnings and revenue performance here.
Are TNDM executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at TNDM have sold more shares than they have bought.
Rick Carpenter, Chief Technical Officer of TNDM, was the latest TNDM insider to sell. They sold $3,066.75 worth of TNDM shares on Sep 15, 2023.
Dig into more about who owns TNDM stock here.
Does TNDM stock generate passive income?
No, Tandem Diabetes Care doesn't provide an income stream by paying out dividends.
What others are saying about TNDM
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your TNDM buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a specific price limit, use a limit order.
Click the Open button and eToro will place the order.
If you want additional help with buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in TNDM
Now that you own some shares in TNDM, you'll want to stay up-to-date on your new investment.
Create a watchlist to track the most important metrics related to your TNDM stock.
TNDM Feed
How to Buy Stock in Tandem Diabetes Care
To summarize, here are the 6 steps to buy Tandem Diabetes Care stock:
- Decide where to buy Tandem Diabetes Care stock
- Open your brokerage account
- Deposit funds into your investment account
- Research Tandem Diabetes Care stock
- Make your TNDM buy order
- Keep tabs on your investment in TNDM
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Tandem Diabetes Care, get started below.
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