How to buy Titan Medical stock - 15 April

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How to buy Titan Medical stock

Own Titan Medical stock in just a few minutes.

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.

How to buy shares in Titan Medical

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Titan Medical. Find the stock by name or ticker symbol: TMDI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Titan Medical reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Titan Medical, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Titan Medical. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Titan Medical share price

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

Titan Medical shares at a glance

Information last updated 2021-03-10.
52-week rangeUSD$0.1221 - USD$3.4661
50-day moving average USD$2.5753
200-day moving average USD$1.3921
Wall St. target priceN/A
PE ratio 7.3636
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-2.487

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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.

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.

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 P/E ratio

Titan Medical's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 7x. In other words, Titan Medical shares trade at around 7x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Titan Medical's EBITDA

Titan Medical's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$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 USD$20 million
Operating margin TTM 20.98%
Gross profit TTM USD$20 million
Return on assets TTM 15.79%
Return on equity TTM 0%
Profit margin -120.92%
Book value $0.046
Market capitalisation USD$220.6 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 138.7% up from 1.1 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 6.3 million). Titan Medical's SIR currently stands at 0.4. In other words for every 100,000 Titan Medical shares traded daily on the market, roughly 400 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 0.03% of the outstanding shares (for every 100,000 Titan Medical shares in existence, roughly 30 shares are currently held short) or 0.0278% of the tradable shares (for every 100,000 tradable Titan Medical shares, roughly 28 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 $0.1221 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 4.6813. 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 SPORT Surgical System, a single-port robotic surgical system that comprises a surgeon-controlled patient cart, which 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 SPORT Surgical System enables surgeons to perform surgical procedures for gynecologic, urologic, colorectal, and abdominal indications. Titan Medical Inc. is headquartered in Toronto, Canada.

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