One of the most dreaded feelings for an investor is when the stock they just bought is overvalued, or they missed out on an undervalued opportunity by not acting fast enough.

But what if you had the insights to effectively evaluate a company like Tactile Systems Technology Inc before investing? Investing requires a certain perspective to avoid being overly confident in a company or worried about cyclical changes. A smart way to take the guesswork out of knowing when to buy or sell Tactile Systems Technology Inc’s stock is to have the right tools and resources as well as a clear monitoring process.

In this article, we go over a few key elements for understanding Tactile Systems Technology Inc’s stock price such as:

• Current stock price and volume
• Stock price history
• Upgrades and downgrades from analysts
• Stock price momentum as measured by its relative strength

About Tactile Systems Technology Inc (TCMD)

Before we jump into Tactile Systems Technology Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Tactile Systems Technology, Inc. is a medical technology company focused on developing medical devices for the treatment of chronic diseases. Its therapeutic focus is vascular disease, for treating lymphedema and chronic venous insufficiency. It is a manufacturer and distributor of the Flexitouch and Entre systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition. Its at-home Flexitouch system provides automated, at-home lymphatic drainage therapy. Its Flexitouch Plus system is an automated, programmable, pneumatic compression device (APCD), designed for the treatment of lymphedema in the home setting. Its Entre system is a pneumatic compression device used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers. It possesses a platform to deliver at-home healthcare solutions directly to patients throughout the United States.

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Tactile Systems Technology Inc’s Stock Price as of Market Close

As of February 15, 2023, 4:00 PM CST, Tactile Systems Technology Inc’s stock price was $13.64.

Tactile Systems Technology Inc is up 9.91% from its previous closing price of $12.41.

During the last market session, Tactile Systems Technology Inc’s stock traded between $12.25 and $12.50. Currently, there are 20.14 million shares of Tactile Systems Technology Inc stock available for purchase.

Unfortunately, Tactile Systems Technology Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Tactile Systems Technology Inc Stock Price History

Tactile Systems Technology Inc’s (TCMD) price is currently up 5.17% so far this month.

During the month of February, Tactile Systems Technology Inc’s stock price has reached a high of $13.70 and a low of $11.94.

Over the last year, Tactile Systems Technology Inc has hit prices as high as $21.62 and as low as $6.28. Year to date, Tactile Systems Technology Inc’s stock is down 28.32%.

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What Caused Tactile Systems Technology Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 14, 2023, there were 2 analysts who downgraded Tactile Systems Technology Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Tactile Systems Technology Inc’s financial health and valuation. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others.

Therefore, AAII developed a composite valuation to help resolve such issues. AAII’s Value Grade analyzes six distinct variables: price-to-sales (P/S) ratio, price-earnings (P/E) ratio, the ratio of enterprise value to earnings before interest, taxes, depreciation and amortization (EV/EBITDA), shareholder yield, price-to-book-value (P/B) ratio and price-to-free-cash-flow (P/FCF) ratio.

Tactile Systems Technology Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Tactile Systems Technology Inc (TCMD) by visiting AAII Stock Evaluator.

Relative Price Strength of Tactile Systems Technology Inc

Relative price strength addresses the relationship between a stock price’s trend and the price trend of the market. This ratio is expressed as a percentage and helps investors understand a company’s momentum as well as its value. You can use relative price strength to select investments that have been outperforming the market or a specific benchmark.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. The weighted four-quarter relative price strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40%, and each of the three previous quarters are given a weighting of 20%.

As of February 14, 2023, Tactile Systems Technology Inc has a weighted four-quarter relative price strength of 7.05%, which translates to a Momentum Score of 81 and is considered to be Very Strong.

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Tactile Systems Technology Inc Stock Price: Bottom Line

As of February 15, 2023, Tactile Systems Technology Inc’s stock price is $13.64, which is up 9.91% from its previous closing price.

At AAII, we stress that investors should never buy or sell a stock solely based on its stock price. Past returns do not guarantee future performance. Therefore, you should consider multiple ratios, fundamentals and analytics before making a decision. Whether you decide it’s a good time to buy or sell Tactile Systems Technology Inc’s stock based on its stock price forecast is ultimately up to you.

It’s important to understand that stock prices are driven by a variety of factors, but ultimately the price at any given moment is due to the supply and demand in the market. Stock price overviews, like the one you just read, only give you a small snapshot of a company’s performance, value and momentum.

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