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TMDI
Stock ticker:
NASDAQ
AS OF
Aug 16 closing price
Price
$0.53
Change
-$0.03 (-5.45%)
Capitalization
59.35M

TMDI Price Prediction, Titan Medical AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
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12:00 AM EDT Aug 16, 2022

Momentum Indicator for TMDI turns negative, indicating new downward trend

TMDI saw its Momentum Indicator move below the 0 level on August 11, 2022. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 90 similar instances where the indicator turned negative. In 82 of the 90 cases, the stock moved further down in the following days. The odds of a decline are at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for TMDI moved out of overbought territory on August 10, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 similar instances where the indicator moved out of overbought territory. In of the 22 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for TMDI turned negative on August 11, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 52 similar instances when the indicator turned negative. In of the 52 cases the stock turned lower in the days that followed. This puts the odds of success at .

TMDI moved below its 50-day moving average on August 15, 2022 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TMDI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

TMDI broke above its upper Bollinger Band on August 08, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TMDI advanced for three days, in of 235 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TMDI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.643) is normal, around the industry mean (17.485). P/E Ratio (0.000) is within average values for comparable stocks, (91.677). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (6.837). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (6.053) is also within normal values, averaging (95.421).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TMDI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.

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A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

TMDI is expected to report earnings to fall 10.00% to -9 cents per share on August 12

Titan Medical TMDI Stock Earnings Reports
Q2'20
Est.
$-0.09
Q2'22
Est.
$-0.10
Q1'22
Beat
by $0.02
Q4'21
Beat
by $0.21
Q3'21
Missed
by $0.02
The last earnings report on August 11 showed earnings per share of -10 cents, meeting the estimate of -10 cents. With 151.71K shares outstanding, the current market capitalization sits at 59.35M.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Abbott Laboratories (NYSE:ABT), Medtronic plc (NYSE:MDT), Intuitive Surgical (NASDAQ:ISRG), Edwards Lifesciences Corp (NYSE:EW), Boston Scientific Corp (NYSE:BSX), IQVIA Holdings (NYSE:IQV), Illumina (NASDAQ:ILMN), Align Technology (NASDAQ:ALGN), Exact Sciences Corp (NASDAQ:EXAS), Guardant Health (NASDAQ:GH).

Industry description

Medical specialties are companies that make equipment used by the health care industry. Equipment manufactured and distributed by these companies include dialysis machines, blood analysis equipment, surgical equipment, dental instruments, and diagnostic tools, among other items. Large companies typically aim to produce and distribute high-quality products across a broad market spectrum. Smaller firms are more likely to specialize in a particular market segment. Due to the industry’s close association with medical treatments, they typically have low sensitivity to macroeconomic fluctuations. Within this industry, Abbott Laboratories, Medtronic Plc and Thermo Fisher Scientific Inc. are some of the companies with multi-billion market capitalizations in the U.S. stock markets.

Market Cap

The average market capitalization across the Medical Specialties Industry is 6.31B. The market cap for tickers in the group ranges from 775 to 3.82T. MKYSF holds the highest valuation in this group at 3.82T. The lowest valued company is BIIO at 775.

High and low price notable news

The average weekly price growth across all stocks in the Medical Specialties Industry was 3%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was -15%. EAR experienced the highest price growth at 102%, while MGFRF experienced the biggest fall at -96%.

Volume

The average weekly volume growth across all stocks in the Medical Specialties Industry was -65%. For the same stocks of the Industry, the average monthly volume growth was 20% and the average quarterly volume growth was -27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 72
Price Growth Rating: 52
SMR Rating: 68
Profit Risk Rating: 84
Seasonality Score: 4 (-100 ... +100)
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TMDI
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published General Information

General Information

a devloper of robotic surgical technologies

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
76 Berkeley Street
Phone
+1 416 548-7522
Employees
48
Web
https://www.titanmedicalinc.com

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TMDI and

Correlation & Price change

A.I.dvisor tells us that TMDI and NVTA have been poorly correlated (+30% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that TMDI and NVTA's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TMDI
1D Price
Change %
TMDI100%
-1.02%
NVTA - TMDI
30%
Poorly correlated
-11.28%
AFIB - TMDI
30%
Poorly correlated
N/A
ACRS - TMDI
30%
Poorly correlated
+0.72%
NVCR - TMDI
30%
Poorly correlated
-1.51%
AWH - TMDI
30%
Poorly correlated
-1.16%
More