Transenterix Inc (NASDAQ:TRXC) price target upped to $3.00, released a report earlier today by B. Riley
- Updated: October 6, 2016
Stating a potential upside of 0.75%, B. Riley upped the price target of Transenterix Inc (NASDAQ:TRXC) to $3.00
Boasting a price of $1.71, Transenterix Inc (NASDAQ:TRXC) traded -0.58% lower on the day. With the last stock price close down -16.36% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Transenterix Inc has recorded a 50-day average of $1.51 and a two hundred day average of $2.04. Volume of trade was down over the average, with 324,534 shares of TRXC changing hands under the typical 733,826
With a total market value of $0, Transenterix Inc has with a one year low of $1.03 and a one year high of $6.10 .
A total of 7 equity analysts have reported on the stock. Three brokers rating the stock a strong buy, four brokerages rating the company a buy, 0 firms rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $4.04.
More About Transenterix Inc (NASDAQ:TRXC)
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. The system features advanced technology to enable surgeons with haptic feedback and the ability to move the camera through eye movement. The system replicates laparoscopic motion and integrates three-dimensional high definition (3DHD) vision technology. The ALF-X System also offers responsible economics to hospitals by offering robotic technology with reusable instruments. The SurgiBot System is designed as a single-incision, patient-side robotic-assisted surgery system. The Company also develops and manufactures laparoscopic surgical instruments that are used in abdominal surgery, such as scissors, graspers, clip appliers, and suction and irrigation instruments.
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