TransMedics Group Inc (TMDX)
TransMedics Group, Inc., a commercial-stage medical technology company, is dedicated to transforming organ transplant therapy for patients with end-stage organ failure in the United States and internationally. The company is headquartered in Andover, Massachusetts.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 93.54% per annum.
- TMDX price at the close of January 28, 2025 was $67.03 and was higher than the top border of the primary price channel by $0.80 (1.20%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.42% per annum.
- TMDX price at the close of January 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of TMDX price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 8, 2024
End date: January 27, 2025
a = 17.6678
b = -0.0075
s = 0.1168
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0075) – 1
= -93.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1168) – 1
= 59.54%
August 8, 2024 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,653 + 2 × s)
= Exp(17.6678 + -0.0075 × 1,653 + 2 × 0.1168)
= Exp(5.4919)
= $242.73
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,653 – 2 × s)
= Exp(17.6678 + -0.0075 × 1,653 – 2 × 0.1168)
= Exp(5.0248)
= $152.15
January 27, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(17.6678 + -0.0075 × 1,825 + 2 × 0.1168)
= Exp(4.2007)
= $66.73
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(17.6678 + -0.0075 × 1,825 – 2 × 0.1168)
= Exp(3.7336)
= $41.83
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 93.54% per annum.
- TMDX price at the close of January 28, 2025 was $67.03 and was higher than the top border of the primary price channel by $0.80 (1.20%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 3, 2024
End date: January 28, 2025
a = 6.9746
b = -0.0016
s = 0.0722
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0016) – 1
= -43.42%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0722) – 1
= 33.50%
December 3, 2024 calculations
Top border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 + 2 × s)
= Exp(a + b × 1,770 + 2 × s)
= Exp(6.9746 + -0.0016 × 1,770 + 2 × 0.0722)
= Exp(4.3571)
= $78.03
Bottom border of price channel:
Exp(Y1,220)
= Exp(a + b × X1,220 – 2 × s)
= Exp(a + b × 1,770 – 2 × s)
= Exp(6.9746 + -0.0016 × 1,770 – 2 × 0.0722)
= Exp(4.0682)
= $58.45
January 28, 2025 calculations
Top border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 + 2 × s)
= Exp(a + b × 1,826 + 2 × s)
= Exp(6.9746 + -0.0016 × 1,826 + 2 × 0.0722)
= Exp(4.2697)
= $71.50
Bottom border of price channel:
Exp(Y1,256)
= Exp(a + b × X1,256 – 2 × s)
= Exp(a + b × 1,826 – 2 × s)
= Exp(6.9746 + -0.0016 × 1,826 – 2 × 0.0722)
= Exp(3.9808)
= $53.56
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 43.42% per annum.
- TMDX price at the close of January 28, 2025 was inside the secondary price channel.