Transenterix Inc (TRXC) Expected to Post Quarterly Sales of $110,000.00

Equities analysts expect Transenterix Inc (NASDAQ:TRXC) to report $110,000.00 in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Transenterix’s earnings, with estimates ranging from $60,000.00 to $150,000.00. Transenterix posted sales of ($999,000,000.00) during the same quarter last year, which suggests a positive year over year growth rate of 100%. The firm is scheduled to report its next quarterly earnings report on Friday, August 4th.

According to Zacks, analysts expect that Transenterix will report full-year sales of $110,000.00 for the current fiscal year, with estimates ranging from $6.26 million to $8.6 million. For the next financial year, analysts expect that the business will post sales of $33.66 million per share, with estimates ranging from $16.6 million to $49.9 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Transenterix.

A number of equities analysts have recently issued reports on TRXC shares. Zacks Investment Research upgraded Transenterix from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Wednesday, May 10th. B. Riley downgraded Transenterix to a “neutral” rating and set a $0.70 price target on the stock. in a research note on Tuesday.

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Shares of Transenterix (NASDAQ:TRXC) traded down 0.0182% during mid-day trading on Thursday, reaching $0.5503. The company had a trading volume of 858,448 shares. Transenterix has a one year low of $0.52 and a one year high of $2.33. The company has a 50 day moving average price of $0.88 and a 200 day moving average price of $1.27. The company’s market capitalization is $81.74 million.

In other news, Director Richard C. Pfenniger, Jr. purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $0.54 per share, for a total transaction of $54,000.00. Following the purchase, the director now directly owns 148,000 shares in the company, valued at approximately $79,920. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

About Transenterix

TransEnterix, Inc is a medical device company. The Company is focused on the development and commercialization of ALF-X Surgical Robotic System (the ALF-X System), and SurgiBot System. The Company’s ALF-X System is a multi-port robotic surgery system, which allows multiple robotic arms to control instruments and a camera.

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