How to buy Titan Medical (TMDI) stock

Titan Medical Inc is a medical devices business based in the US. Titan Medical shares (TMDI) are listed on the NASDAQ and all prices are listed in US Dollars.

Titan Medical stock price (NASDAQ: TMDI)

Use our graph to track the performance of TMDI stocks over time.

Titan Medical shares at a glance

• Key figures

Information last updated 2021-07-23.

Latest market close	$1.87
52-week range	$0.57 - $3.47
50-day moving average	$1.73
200-day moving average	$1.95
Wall St. target price	N/A
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-2.49

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Is it a good time to buy Titan Medical stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Titan Medical Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Titan Medical price performance over time

Historical closes compared with the close of $1.87 from 2021-06-08

1 week (2021-07-14)	N/A
1 month (2021-06-25)	5.06%
3 months (2021-04-21)	N/A
6 months (2021-01-21)	N/A

1 year (2020-07-21)	N/A
2 years (2019-07-21)	N/A
3 years (2018-07-21)	N/A
5 years (2016-07-21)	N/A

Is Titan Medical under- or over-valued?

Valuing Titan Medical stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Titan Medical's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Titan Medical's EBITDA

Titan Medical's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $4.3 million.

The EBITDA is a measure of a Titan Medical's overall financial performance and is widely used to measure a its profitability.

Titan Medical financials

Revenue TTM	$20.1 million
Gross profit TTM	$20 million
Return on assets TTM	-11.56%
Return on equity TTM	-366.99%
Profit margin	-190.58%
Book value	$0.27
Market capitalisation	$182.9 million

TTM: trailing 12 months

Shorting Titan Medical shares

There are currently 2.5 million Titan Medical shares held short by investors – that's known as Titan Medical's "short interest". This figure is 18% down from 3.1 million last month.

There are a few different ways that this level of interest in shorting Titan Medical shares can be evaluated.

Titan Medical's "short interest ratio" (SIR)

Titan Medical's "short interest ratio" (SIR) is the quantity of Titan Medical shares currently shorted divided by the average quantity of Titan Medical shares traded daily (recently around 732111.40350877). Titan Medical's SIR currently stands at 3.42. In other words for every 100,000 Titan Medical shares traded daily on the market, roughly 3420 shares are currently held short.

However Titan Medical's short interest can also be evaluated against the total number of Titan Medical shares, or, against the total number of tradable Titan Medical shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Titan Medical's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Titan Medical shares in existence, roughly 20 shares are currently held short) or 0.0229% of the tradable shares (for every 100,000 tradable Titan Medical shares, roughly 23 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Titan Medical.

Find out more about how you can short Titan Medical stock.

Titan Medical share dividends

We're not expecting Titan Medical to pay a dividend over the next 12 months.

Have Titan Medical's shares ever split?

Titan Medical's shares were split on a 1:30 basis on 18 June 2018. So if you had owned 30 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Titan Medical shares – just the quantity. However, indirectly, the new 2900% higher share price could have impacted the market appetite for Titan Medical shares which in turn could have impacted Titan Medical's share price.

Titan Medical share price volatility

Over the last 12 months, Titan Medical's shares have ranged in value from as little as $0.57 up to $3.4661. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Titan Medical's is 4.6174. This would suggest that Titan Medical's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Titan Medical overview

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 Enos robotic single-access surgical system (Enos system), a single-port robotic surgical system that includes a surgeon-controlled patient cart that 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 Enos system enables surgeons to perform surgical procedures for gynecologic, urologic, colorectal, and bariatric. Titan Medical Inc. is headquartered in Toronto, Canada. .

Frequently asked questions

What percentage of Titan Medical is owned by insiders or institutions?
Currently 0.256% of Titan Medical shares are held by insiders and 2.721% by institutions. When does the fiscal year end for Titan Medical?
Titan Medical's fiscal year ends in December. Where is Titan Medical based?
Titan Medical's address is: 155 University Avenue, Toronto, ON, Canada, M5H 3B7 What is Titan Medical's ISIN number?
Titan Medical's international securities identification number is: CA88830X8199 What is Titan Medical's CUSIP number?
Titan Medical's Committee on Uniform Securities Identification Procedures number is: 88830X819