Treace Medical Concepts Stock Price on February 27, 2024
| TMCI Stock | USD 8.52 0.04 0.47% |
If you're considering investing in Treace Stock, it is important to understand the factors that can impact its price. As of today, the current price of Treace Medical stands at 8.52, as last reported on the 30th of November, with the highest price reaching 8.74 and the lowest price hitting 8.38 during the day. Treace Medical appears to be slightly risky, given 3 months investment horizon. Treace Medical Concepts owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. By inspecting Treace Medical's technical indicators, you can evaluate if the expected return of 0.77% is justified by implied risk. Please review Treace Medical's Semi Deviation of 2.55, risk adjusted performance of 0.0914, and Coefficient Of Variation of 923.19 to confirm if our risk estimates are consistent with your expectations.
As of now, Treace Medical's Stock Based Compensation To Revenue is increasing as compared to previous years. . The Treace Medical's current Price Earnings To Growth Ratio is estimated to increase to 2.83, while Price To Sales Ratio is projected to decrease to 3.94. Treace Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Treace |
Sharpe Ratio = 0.1382
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Estimated Market Risk
| 5.55 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Treace Medical is performing at about 10% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Treace Medical by adding it to a well-diversified portfolio.
Price Book 5.0832 | Enterprise Value Ebitda (40.95) | Price Sales 2.6287 | Shares Float 45.7 M | Wall Street Target Price 7.5 |
Treace Medical Valuation on February 27, 2024
It is possible to determine the worth of Treace Medical on a given historical date. On February 27, 2024 Treace was worth 14.42 at the beginning of the trading date compared to the closed value of 14.38. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Treace Medical stock. Still, in general, we apply an absolute valuation method to find Treace Medical's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Treace Medical where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Treace Medical's related companies.
| Open | High | Low | Close | Volume | |
| 14.23 | 14.82 | 14.16 | 14.33 | 575,345 | |
02/27/2024 | 14.42 | 14.67 | 14.16 | 14.38 | 837,092 |
| 12.64 | 13.88 | 12.57 | 13.52 | 1,223,731 |
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Treace Medical Trading Date Momentum on February 27, 2024
| On February 28 2024 Treace Medical Concepts was traded for 13.52 at the closing time. The top price for the day was 13.88 and the lowest listed price was 12.57 . The trading volume for the day was 1.2 M. The trading history from February 28, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 5.98% . The trading price change against the current closing price is 6.33% . |
Treace Medical Concepts Fundamentals Correlations and Trends
By evaluating Treace Medical's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Treace Medical's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Treace financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Treace Medical Stock history
Treace Medical investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Treace is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Treace Medical Concepts will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Treace Medical stock prices may prove useful in developing a viable investing in Treace Medical
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 60.9 M | 60 M | |
| Net Loss | -38.5 M | -36.6 M |
Treace Medical Quarterly Net Working Capital |
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Treace Medical Stock Technical Analysis
Treace Medical technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Treace Medical Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Treace Medical Concepts cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Treace Medical November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Treace Medical stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Treace Medical shares will generate the highest return on investment. By undertsting and applying Treace Medical stock market strength indicators, traders can identify Treace Medical Concepts entry and exit signals to maximize returns
Treace Medical Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Treace Medical's price direction in advance. Along with the technical and fundamental analysis of Treace Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Treace to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 0.0216 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.1615 | |||
| Treynor Ratio | 0.1325 |
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Complementary Tools for Treace Stock analysis
When running Treace Medical's price analysis, check to measure Treace Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Treace Medical is operating at the current time. Most of Treace Medical's value examination focuses on studying past and present price action to predict the probability of Treace Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Treace Medical's price. Additionally, you may evaluate how the addition of Treace Medical to your portfolios can decrease your overall portfolio volatility.
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