Medical device company Transenterix (NYSE: TRXC) has seen its stock perform admirably in recent days and this morning, the stock has soared during premarket trading.
The TransEnterix stock is up by as much as 46% this morning so far and it follows after it had recorded gains of 29% this past Friday. The rally in the stock possibly came about after the company announced its projections of financial results for the fourth quarter back on December 31, 2020.
TransEnterix is primarily involved in digitizing the interactions between a patient and the surgeon so as to bring about improvement with regards to non-invasive surgeries.
The company projects that it is going to generate $1.1 million in revenues in the fourth quarter and the revenues for the full year are going to be in the range between $3.0 million and $3.2 million. TransEnterix is going to make a presentation at a virtual investor conference today and another one on January 14.
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