Titan Medical’s Stock (NASDAQ: TMDI) Might Soar Amid Medtronic Deal and Senior Secure Loan Agreements

Since March 18 TMDI has been growing slowly to $0.2769 with the average trading volume of 2,415,064 shares. Due to coronavirus pandemic, TMDI had to grow fast and Q1 2020 revenue could appear in reports. It seems that time is not coming yet.

However, development and license agreement with Medtronic and Senior Secured Loan could make some revenue leading to make significant earnings to be independent of external funding.

Although Titan Medical has negative actual capitalization, its market value is overpriced by $16.709 million. Meanwhile, EPS stays at $-1.95. For Q1 2020, total assets rose by $814 million and total liabilities fell quarterly from $15.1 million to $12,6 million. Soon Titan Medical might have positive total equity.

Alex Krakowsky

Editor in Chief.Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life


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