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How to buy Titan Medical stock | 0.71

Own Titan Medical stock in just a few minutes.

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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. At last close price of USD$0.71, 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.

How has coronavirus impacted Titan Medical's share price?

Since the stock market crash in March caused by coronavirus, Titan Medical's share price has had significant positive movement.

Its last market close was USD$0.71, which is 46.13% up on its pre-crash value of USD$0.3825 and 481.49% up on the lowest point reached during the March crash when the shares fell as low as USD$0.1221.

If you had bought USD$1,000 worth of Titan Medical shares at the start of February 2020, those shares would have been worth USD$417.82 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$1,460.60.

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 2020-11-26.
Latest market close USD$0.71
52-week range USD$0.1221 - USD$1.75
50-day moving average USD$0.7425
200-day moving average USD$0.7551
Wall St. target price N/A
PE ratio 7.3636
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-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.

Titan Medical price performance over time

Historical closes compared with the close of $0.71 from 2020-11-16

1 week (2020-11-20) N/A
1 month (2020-10-30) 1.43%
3 months (2020-08-28) N/A
6 months (2020-05-28) N/A
1 year (2019-11-27) N/A
2 years (2018-11-27) N/A
3 years (2017-11-27) N/A
5 years (2015-11-27) 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 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 financials

Revenue TTM USD$10 million
Gross profit TTM USD$0
Return on assets TTM -4.97%
Return on equity TTM 0%
Profit margin -11.39%
Book value $0.046
Market capitalisation USD$78.3 million

TTM: trailing 12 months

Shorting Titan Medical shares

There are currently 946,766 Titan Medical shares held short by investors – that's known as Titan Medical's "short interest". This figure is 1.7% down from 962,921 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 323128.32764505). Titan Medical's SIR currently stands at 2.93. In other words for every 100,000 Titan Medical shares traded daily on the market, roughly 2930 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 0.01% of the outstanding shares (for every 100,000 Titan Medical shares in existence, roughly 10 shares are currently held short) or 0.0116% of the tradable shares (for every 100,000 tradable Titan Medical shares, roughly 12 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 19 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 $1.75. 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 4.3202. 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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