TELA Bio Reports First Quarter 2024 Financial Results

TELA Stock  USD 3.14  0.11  3.63%   
About 55% of Tela Bio's investors are presently thinking to get in. The analysis of overall sentiment of trading Tela Bio stock suggests that some investors are interested at this time. The current market sentiment, together with Tela Bio's historical and current headlines, can help investors time the market. In addition, many technical investors use Tela Bio stock news signals to limit their universe of possible portfolio assets.
  
MALVERN, Pa., May 09, 2024 -- TELA Bio, Inc. , a commercial-stage medical technology company focused on providing innovative soft-tissue reconstruction solutions today reported financial results for the first quarter ended March 31, 2024. Recent Highlights Reported revenue of 16.6 million in the first quarter, representing growth of percent over the prior year period of 2023Delivered the 13th consecutive quarter of at least 35 percent year-over-year growthIncreased demand fo

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Tela Bio Investor Sentiment by Other News Outlets

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Tela Bio Fundamental Analysis

We analyze Tela Bio's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tela Bio using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tela Bio based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Number Of Employees

Number Of Employees Comparative Analysis

Tela Bio is currently under evaluation in number of employees category among its peers. Number of Employees shows the total number of permanent full time and part time employees working for a given company and processed through its payroll.

Tela Bio Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tela Bio stock to make a market-neutral strategy. Peer analysis of Tela Bio could also be used in its relative valuation, which is a method of valuing Tela Bio by comparing valuation metrics with similar companies.

Peers

Tela Bio Related Equities

DCTHDelcath Systems   5.88   
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NPCENeuropace   3.41   
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TCMDTactile Systems   3.22   
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FNAParagon 28   3.20   
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LUNGPulmonx Corp   2.38   
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40.0%
KIDSOrthopediatrics Corp   2.32   
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39.0%
SIBNSi Bone   2.19   
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37.0%
CLPTClearpoint Neuro   2.15   
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36.0%
OFIXOrthofix Medical   2.09   
0%
35.0%
SGHTSight Sciences   2.05   
0%
34.0%
RXSTRxsight   1.03   
0%
17.0%
VREXVarex Imaging   0.91   
0%
15.0%
CVRXCVRx   0.07   
0%
1.0%
TMDXTransMedics   0.46   
7.0%
0%
TMCITreace Medical   0.47   
7.0%
0%
AXGNAxogen   1.21   
20.0%
0%

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