uploads///stock trading monitor desk

What’s Driving TransEnterix Stock on January 8?


Jan. 8 2019, Published 11:55 a.m. ET

Share price movements

On January 8, TransEnterix (TRXC) rose 11.15% compared to its previous closing price and reached $2.99 in its pre-market trading session.

On January 7, TransEnterix issued a press release announcing its preliminary operational and financial performance for the fourth quarter and fiscal 2018. The company expects the revenues for fiscal 2018 to be $24 million—a rise of 238% year-over-year. According to the press release, the company sold 15 Senhance Systems in fiscal 2018.

Based on the closing price on January 7, TransEnterix reported returns of 9.80% in the last week, -13.50% in the last month, and -53.70% in the last quarter. TransEnterix also reported returns of -33.42% in the last half year, 24.54% in the last year, and 19.03% YTD (year-to-date).

Article continues below advertisement

Based on TransEnterix’s closing price on January 7, the broader medical device industry in the United States, represented by the iShares US Medical Devices ETF (IHI), reported returns of -0.36% in the last week, -7.20% in the last month, and -10.50% in the last quarter. IHI also reported returns of -4.17% in the last half year, 10.11% in the last year, and -1.84% YTD.

Analysts’ recommendations and target price

On January 8, analysts’ 12-month consensus recommendation for TransEnterix is a “buy.” The 12-month consensus target price for the company is $5.00, which is 86.57% higher than its last closing price on January 7. The highest target price estimate for the company is $5.5, while the lowest target price estimate is $4.5.

Among the five analysts covering TransEnterix on January 8, two recommended a “strong buy,” recommended a “buy,” and two recommended a “hold.”


More From Market Realist

  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.