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Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Guess What The Fed Is Doing To Your Money Now? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
66,000% upside on tiny biotech? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Guess What The Fed Is Doing To Your Money Now? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
66,000% upside on tiny biotech? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Will the Energy Sector Continue to Outshine the Market?
Guess What The Fed Is Doing To Your Money Now? (Ad)
Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
In a good sign for China's struggling economy, factory activity grows for the first time in 6 months
66,000% upside on tiny biotech? (Ad)
MarketBeat Week in Review – 9/25 - 9/29
Cyprus hails Moody's two-notch credit rating upgrade bringing the country into investment grade
66,000% upside on tiny biotech? (Ad)
Almost all of Nagorno-Karabakh's people have left, Armenia's government says
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
NASDAQ:TMCI

Treace Medical Concepts (TMCI) Stock Forecast, Price & News

$13.11
+0.91 (+7.46%)
(As of 09/29/2023 ET)
Compare
Today's Range
$12.61
$13.30
50-Day Range
$12.16
$23.26
52-Week Range
$11.85
$27.97
Volume
762,381 shs
Average Volume
624,710 shs
Market Capitalization
$806.79 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$27.30

Treace Medical Concepts MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
108.2% Upside
$27.30 Price Target
Short Interest
Healthy
3.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.74mentions of Treace Medical Concepts in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.72) to ($0.61) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.27 out of 5 stars

Medical Sector

355th out of 970 stocks

Surgical & Medical Instruments Industry

46th out of 99 stocks


TMCI stock logo

About Treace Medical Concepts (NASDAQ:TMCI) Stock

Treace Medical Concepts, Inc., a medical technology company, designs, manufactures, and markets medical devices for physicians, surgeons, ambulatory surgery centers, and hospitals in the United States. The company offers Lapiplasty 3D bunion correction system that combines instruments, implants, and surgical methods designed to surgically correct three planes of the bunion deformity. It also provides Lapiplasty mini-incision system designed to allow the Lapiplasty procedure to be performed through a 3.5cm incision; and Adductoplasty system designed for reproducible realignment, stabilization, and fusion of the midfoot. Treace Medical Concepts, Inc. was founded in 2013 and is headquartered in Ponte Vedra, Florida.

TMCI Price History

TMCI Stock News Headlines

The Latest Analyst Ratings for Treace Medical Concepts
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Treace Medical Concepts (NASDAQ: TMCI)
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Treace Medical Concepts (TMCI) Receives a Buy from Truist Financial
TMCI - Treace Medical Concepts, Inc.
BTIG Sticks to Its Buy Rating for Treace Medical Concepts (TMCI)
What 5 Analyst Ratings Have To Say About Treace Medical Concepts
See More Headlines
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TMCI Company Calendar

Last Earnings
8/08/2023
Today
9/30/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Surgical & medical instruments
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:TMCI
Fax
N/A
Employees
423
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$27.30
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+108.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
$-42,810,000.00
Pretax Margin
-25.32%

Debt

Sales & Book Value

Annual Sales
$141.84 million
Book Value
$1.09 per share

Miscellaneous

Free Float
43,888,000
Market Cap
$806.79 million
Optionable
Not Optionable
Beta
0.01
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Key Executives

  • Mr. John T. TreaceMr. John T. Treace (Age 51)
    CEO, Founder & Director
    Comp: $1.04M
  • Mr. Mark L. Hair CPA (Age 53)
    Chief Financial Officer
    Comp: $628.6k
  • Mr. Aaron J. Berutti (Age 44)
    Sr. VP of Sales
    Comp: $519.41k
  • Mr. Terry W. Lubben (Age 58)
    Sr. VP of Operations
  • Ms. Julie D. Dewey (Age 62)
    Chief Communications & Investor Relations Officer
  • Mr. Scot M. Elder (Age 48)
    Chief Legal & Compliance Officer and Corp. Sec.
  • Mr. Nathan Minnich
    Sr. VP of Marketing
  • Mr. Daniel E. Owens (Age 51)
    Chief HR Officer
  • Mr. Jaime A. Frias (Age 61)
    Chief Bus. Devel. Officer
  • Dr. Sean F. Scanlan Ph.D. (Age 40)
    Chief Innovation Officer













TMCI Stock - Frequently Asked Questions

Should I buy or sell Treace Medical Concepts stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Treace Medical Concepts in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TMCI shares.
View TMCI analyst ratings
or view top-rated stocks.

What is Treace Medical Concepts' stock price forecast for 2023?

5 Wall Street research analysts have issued 12-month price objectives for Treace Medical Concepts' shares. Their TMCI share price forecasts range from $24.00 to $30.00. On average, they anticipate the company's stock price to reach $27.30 in the next year. This suggests a possible upside of 108.2% from the stock's current price.
View analysts price targets for TMCI
or view top-rated stocks among Wall Street analysts.

How have TMCI shares performed in 2023?

Treace Medical Concepts' stock was trading at $22.99 on January 1st, 2023. Since then, TMCI shares have decreased by 43.0% and is now trading at $13.11.
View the best growth stocks for 2023 here
.

Are investors shorting Treace Medical Concepts?

Treace Medical Concepts saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,660,000 shares, an increase of 28.7% from the August 31st total of 1,290,000 shares. Based on an average daily volume of 468,100 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.8% of the company's shares are short sold.
View Treace Medical Concepts' Short Interest
.

When is Treace Medical Concepts' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our TMCI earnings forecast
.

How were Treace Medical Concepts' earnings last quarter?

Treace Medical Concepts, Inc. (NASDAQ:TMCI) released its earnings results on Tuesday, August, 8th. The company reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.23) by $0.03. The business earned $41.95 million during the quarter, compared to the consensus estimate of $40.84 million. Treace Medical Concepts had a negative net margin of 25.32% and a negative trailing twelve-month return on equity of 39.29%. The company's revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) EPS.

What guidance has Treace Medical Concepts issued on next quarter's earnings?

Treace Medical Concepts updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $191.00 million-$197.00 million, compared to the consensus revenue estimate of $194.06 million.

When did Treace Medical Concepts IPO?

(TMCI) raised $150 million in an IPO on Friday, April 23rd 2021. The company issued 9,400,000 shares at $15.00-$17.00 per share. J.P. Morgan and Morgan Stanley acted as the underwriters for the IPO and SVB Leerink and Stifel were co-managers.

What is Treace Medical Concepts' stock symbol?

Treace Medical Concepts trades on the NASDAQ under the ticker symbol "TMCI."

How do I buy shares of Treace Medical Concepts?

Shares of TMCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Treace Medical Concepts' stock price today?

One share of TMCI stock can currently be purchased for approximately $13.11.

How much money does Treace Medical Concepts make?

Treace Medical Concepts (NASDAQ:TMCI) has a market capitalization of $806.79 million and generates $141.84 million in revenue each year. The company earns $-42,810,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.

How many employees does Treace Medical Concepts have?

The company employs 423 workers across the globe.

How can I contact Treace Medical Concepts?

Treace Medical Concepts' mailing address is 203 FORT WADE RD. SUITE 150, PONTE VEDRA FL, 32081. The official website for the company is www.treace.com. The company can be reached via phone at 904-373-5940 or via email at ir@treace.net.

This page (NASDAQ:TMCI) was last updated on 9/30/2023 by MarketBeat.com Staff

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