NASDAQ:TMDI

Titan Medical Stock Forecast, Price & News

$1.80

-0.19 (-9.55 %)

(As of 03/4/2021 12:00 AM ET)

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Today's Range

$1.65

Now: $1.80▼

$1.98

50-Day Range

$1.79

MA: $2.57▼

$3.23

52-Week Range

$0.12

Now: $1.80▼

$3.47

Volume3.30 million shs

Average Volume4.55 million shs

Market Capitalization$193.80 million

P/E Ratio180.00

Dividend YieldN/A

Beta3.53

Titan Medical Inc., a research and development stage company, focuses on the design, development, and commercialization of computer-assisted robotic surgical technologies for application in minimally invasive surgery (MIS). The company is developing the SPORT Surgical System, a single-port robotic surgical system that comprises a surgeon-controlled patient cart, which includes a 3D high definition vision system and multi-articulating instruments for performing MIS procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient's body during MIS procedures. The SPORT Surgical System enables surgeons to perform surgical procedures for gynecologic, urologic, colorectal, and abdominal indications. Titan Medical Inc. is headquartered in Toronto, Canada.

Headlines

Titan Medical Announces Closing of US $23M Bought Deal Offering Including Full Exercise of Over-Allotment Option
February 24, 2021 | finance.yahoo.com

Titan Medical Inc. (TMDI) CEO David McNally on Q4 2020 Results - Earnings Call Transcript
February 24, 2021 | seekingalpha.com

Titan Medical Launches “Titan Living Labs” Showcasing a Behind-the-Scenes Look at Product Development
February 16, 2021 | businesswire.com

Titan Medical Launches "Titan Living Labs" Showcasing a Behind-the-Scenes Look at Product Development
February 16, 2021 | finance.yahoo.com

Titan Medical to Report Year-End 2020 Financial Results and Host Webcast on February 22, 2021
February 9, 2021 | finance.yahoo.com

Titan Medical Announces Us $15 Million Bought Deal Offering
February 2, 2021 | finance.yahoo.com

Titan Medical Announces Filing of Preliminary Short Form Prospectus
January 11, 2021 | finance.yahoo.com

Titan Medical Inc. (TSX: TMD) (NASDAQ: TMDI) Featured in Virtual Coverage of Benzinga's Global Small Cap Conference
December 11, 2020 | marketwatch.com

Titan Medical: Driving Toward Improved Patient Outcomes Through Robotic Single Access Surgery
December 9, 2020 | benzinga.com

Titan Medical to Present at the Benzinga Global Small Cap Conference
December 3, 2020 | businesswire.com

Titan Medical +18% on $10M payment to be received from Medtronic
October 26, 2020 | seekingalpha.com

Titan Medical bags two new patents in U.S.
September 17, 2020 | seekingalpha.com

Titan Medical Announces Intellectual Property Portfolio Expansion with Issuance of Robotic Surgery Patents Related to Camera and System Control
September 17, 2020 | finance.yahoo.com

Titan Medical CFO retires, new chief appointed
September 8, 2020 | seekingalpha.com

Titan Medical Inc. to Present at the LD 500 Virtual Conference
August 26, 2020 | finance.yahoo.com

Titan Medical Reports Second Quarter 2020 Financial Results
August 12, 2020 | finance.yahoo.com

Titan Medical Reports Design Enhancements to Single-Port Robotic Surgical Instruments on Product Development Resumption
July 30, 2020 | finance.yahoo.com

Titan Medical to Present at the Society of Robotic Surgery 2020 World Robotic Symposium
July 27, 2020 | finance.yahoo.com

Titan Medical Issues Shareholder Update Letter
July 14, 2020 | finance.yahoo.com

Titan Medical Inc. - Ordinary Shares
July 3, 2020 | www.benzinga.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Surgical & medical instruments

Sub-IndustryN/A

SectorMedical

Current SymbolNASDAQ:TMDI

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.titanmedicalinc.com

Phone416-548-7522

Employees9

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current Ratio1.08

Quick Ratio1.08

Price-To-Earnings

Trailing P/E Ratio180.00

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual SalesN/A

Price / SalesN/A

Cash FlowN/A

Price / Cash FlowN/A

Book Value($0.29) per share

Price / Book-6.21

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$-41,910,000.00

Net MarginsN/A

Return on EquityN/A

Return on Assets-53.07%

Miscellaneous

Outstanding Shares107,669,000

Market Cap$193.80 million

Next Earnings Date5/12/2021 (Estimated)

OptionableNot Optionable

MarketRank^™

Overall MarketRank^™

0.68 out of 5 stars

Medical Sector

1254th out of 1,969 stocks

Surgical & Medical Instruments Industry

115th out of 169 stocks

1.0 Analyst's Opinion

Consensus Rating
Titan Medical has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $1.00, Titan Medical has a forecasted downside of 44.4% from its current price of $1.80.
Amount of Analyst Coverage
Titan Medical has received no research coverage in the past 90 days.

2.4 Community Rank

Outperform Votes
Titan Medical has received 140 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Titan Medical has received 148 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Titan Medical has received 51.39% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Titan Medical and other stocks. Vote “Outperform” if you believe TMDI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe TMDI will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Titan Medical does not currently pay a dividend.
Dividend Growth
Titan Medical does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Titan Medical insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 3.25% of the stock of Titan Medical is held by institutions.

0.0 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Titan Medical is 180.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 31.74.
Price to Earnings Ratio vs. Sector
The P/E ratio of Titan Medical is 180.00, which means that it is trading at a more expensive P/E ratio than the Medical sector average P/E ratio of about 38.15.

See Top Rated MarketRank™ Stocks Here

$1.80

-0.19 (-9.55 %)

(As of 03/4/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Titan Medical (NASDAQ:TMDI) Frequently Asked Questions

Is Titan Medical a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Titan Medical in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Titan Medical stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TMDI, but not buy additional shares or sell existing shares.
View analyst ratings for Titan Medical or view top-rated stocks.

What stocks does MarketBeat like better than Titan Medical?

Wall Street analysts have given Titan Medical a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Titan Medical wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Titan Medical?

Titan Medical saw a increase in short interest in the month of February. As of February 12th, there was short interest totaling 2,520,000 shares, an increase of 137.7% from the January 28th total of 1,060,000 shares. Based on an average daily volume of 3,490,000 shares, the short-interest ratio is currently 0.7 days. Approximately 2.5% of the company's shares are short sold.
View Titan Medical's Short Interest.

When is Titan Medical's next earnings date?

Titan Medical is scheduled to release its next quarterly earnings announcement on Wednesday, May 12th 2021.
View our earnings forecast for Titan Medical.

How has Titan Medical's stock been impacted by COVID-19 (Coronavirus)?

Titan Medical's stock was trading at $0.20 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TMDI stock has increased by 800.0% and is now trading at $1.80.
View which stocks have been most impacted by COVID-19.

What price target have analysts set for TMDI?

1 Wall Street analysts have issued twelve-month price targets for Titan Medical's shares. Their forecasts range from $1.00 to $1.00. On average, they expect Titan Medical's share price to reach $1.00 in the next year. This suggests that the stock has a possible downside of 44.4%.
View analysts' price targets for Titan Medical or view top-rated stocks among Wall Street analysts.

Who are Titan Medical's key executives?

Titan Medical's management team includes the following people:

Mr. David J. McNally, Pres, CEO & Chairman (Age 59, Pay $495k)
Mr. Sachin A. Sankholkar, VP of Marketing
Dr. Bruce Giles Wolff, Sr. Advisor & Member of Surgeon Advisory Board
Dr. Perry A. Genova, Sr. VP of R&D
Ms. Monique L. Delorme CPA, CA, Chief Financial Officer
Mr. Jasminder Brar, VP of Legal, IP & Strategic Initiatives, Corp. Sec. and Gen. Counsel

Who are some of Titan Medical's key competitors?

Some companies that are related to Titan Medical include OraSure Technologies (OSUR), Intersect ENT (XENT), Surmodics (SRDX), Antares Pharma (ATRS), Pulse Biosciences (PLSE), TransEnterix (TRXC), Vapotherm (VAPO), Anika Therapeutics (ANIK), Invo Bioscience (IVOB), Acutus Medical (AFIB), SeaSpine (SPNE), AVITA Medical (RCEL), Accuray (ARAY), Profound Medical (PROF) and iCAD (ICAD).
View all of TMDI's competitors.

What other stocks do shareholders of Titan Medical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Titan Medical investors own include NIO (NIO), Advanced Micro Devices (AMD), Electrameccanica Vehicles (SOLO), Sorrento Therapeutics (SRNE), Ampio Pharmaceuticals (AMPE), Biocept (BIOC), Micron Technology (MU), Blink Charging (BLNK), Bionano Genomics (BNGO) and FuelCell Energy (FCEL).

What is Titan Medical's stock symbol?

Titan Medical trades on the NASDAQ under the ticker symbol "TMDI."

Who are Titan Medical's major shareholders?

Titan Medical's stock is owned by a variety of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (0.65%), Armistice Capital LLC (0.26%), JPMorgan Chase & Co. (0.07%), Stratos Wealth Partners LTD. (0.06%), Jane Street Group LLC (0.03%) and Private Wealth Advisors Inc. (0.02%).

Which major investors are buying Titan Medical stock?

TMDI stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Armistice Capital LLC, Jane Street Group LLC, JPMorgan Chase & Co., Stratos Wealth Partners LTD., and Private Wealth Advisors Inc..

How do I buy shares of Titan Medical?

Shares of TMDI 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 Titan Medical's stock price today?

One share of TMDI stock can currently be purchased for approximately $1.80.

How much money does Titan Medical make?

Titan Medical has a market capitalization of $193.80 million.

How many employees does Titan Medical have?

Titan Medical employs 9 workers across the globe.

What is Titan Medical's official website?

The official website for Titan Medical is www.titanmedicalinc.com.

Where are Titan Medical's headquarters?

Titan Medical is headquartered at 155 UNIVERSITY AVENUE, TORONTO A6, M5H 3B7.

How can I contact Titan Medical?

Titan Medical's mailing address is 155 UNIVERSITY AVENUE, TORONTO A6, M5H 3B7. The company can be reached via phone at 416-548-7522.

This page was last updated on 3/5/2021 by MarketBeat.com Staff

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