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Treace Medical Concepts, Inc. (TMCI)

Healthcare | Medical Devices | Ponte Vedra, United States | NasdaqGS
1.94 USD +0.07 (3.743%) ⇧ (April 17, 2026, 4 p.m. EDT)
After hours: 1.99 +0.05 (2.464%) ⇧ (April 17, 2026, 7:27 p.m. EDT)

Short-term: ★☆☆☆☆ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆
Hot Take | April 19, 2026, 12:55 a.m. EDT

Despite the $175M loan providing short-term liquidity and a massive 122% analyst price target upside to $4.25, TMCI is a fundamental value trap resulting from core revenue collapse (-9% growth) and negative operating cash flow (-$15.9M). The recent ~14% price gain is a dead cat bounce against heavy short cover, not a reversal of the structural deterioration. With no dividends and a net-burn balance sheet, the stock offers no safety margin; the 'buy' recommendations rely on valuation multiples that are not supported by earnings, making long-term participation hazardous at current levels.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.146050
AutoTheta0.221220
MSTL0.415970
AutoETS0.416145

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 15%
H-stat 40.66
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 2.80
Attribute Value
Sector Healthcare
Debt to Equity Ratio 82.286
Revenue per Share 3.362
Market Cap 125,681,808
Forward P/E -2.16
Beta 0.88
Profit Margins -27.74%
Website https://www.treace.com

As of April 19, 2026, 12:55 a.m. EDT: Options data shows a distinct skew towards long-aged ATM calls (9-month $2.5 strike with 1k volume) versus negligible short-dated call liquidity, indicating speculative positioning for a medium-term rebound rather than immediate volatility. The implied volatility for near-term (April) and medium-term calls is non-existent or near zero, while a tiny amount of put flow exists in the $5.00 strikes for June and September, suggesting minimal hedging desire at current price levels. The lack of short-term call volume implies speculators do not believe the stock will surge immediately but anticipate a future move if it holds above current support.


Info Dump

Attribute Value
52 Week Change -0.69875777
Address1 100 Palmetto Park Place
All Time High 37.17
All Time Low 1.17
Ask 1.99
Ask Size 3
Audit Risk 4
Average Analyst Rating 2.8 - Hold
Average Daily Volume10 Day 1,639,970
Average Daily Volume3 Month 884,395
Average Volume 884,395
Average Volume10Days 1,639,970
Beta 0.878
Bid 1.89
Bid Size 3
Board Risk 7
Book Value 1.367
City Ponte Vedra
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 8
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.94
Current Ratio 4.311
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 1.98
Day Low 1.86
Debt To Equity 82.286
Display Name Treace Medical Concepts
Earnings Call Timestamp End 1,772,197,200
Earnings Call Timestamp Start 1,772,197,200
Earnings Timestamp 1,772,199,000
Earnings Timestamp End 1,778,157,000
Earnings Timestamp Start 1,778,157,000
Ebitda -44,531,000
Ebitda Margins -0.20937
Enterprise To Ebitda -3.334
Enterprise To Revenue 0.698
Enterprise Value 148,479,488
Eps Current Year -0.91
Eps Forward -0.9
Eps Trailing Twelve Months -0.93
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.657
Fifty Day Average Change 0.2830001
Fifty Day Average Change Percent 0.17079066
Fifty Two Week Change Percent -69.87578
Fifty Two Week High 7.78
Fifty Two Week High Change -5.84
Fifty Two Week High Change Percent -0.75064266
Fifty Two Week Low 1.17
Fifty Two Week Low Change 0.7700001
Fifty Two Week Low Change Percent 0.65811974
Fifty Two Week Range 1.17 - 7.78
Financial Currency USD
First Trade Date Milliseconds 1,619,184,600,000
Float Shares 47,945,078
Forward Eps -0.9
Forward P E -2.1555557
Free Cashflow -10,086,250
Full Exchange Name NasdaqGS
Full Time Employees 450
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.79811996
Gross Profits 169,752,000
Has Pre Post Market Data 1
Held Percent Insiders 0.24789
Held Percent Institutions 0.55507
Implied Shares Outstanding 64,784,436
Industry Medical Devices
Industry Disp Medical Devices
Industry Key medical-devices
Ipo Expected Date 2,021-04-23
Is Earnings Date Estimate 1
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary Treace Medical Concepts, Inc., a medical technology company, designs, manufactures, and markets medical devices in the United States. The company offers Lapiplasty System, enables surgeons to correct all three dimensions of the bunion deformity, stabilize the first TMT joint, and allow return to weight-bearing in a walking boot; minimally invasive products for four bunion classes; Nanoplasty 3D Minimally Invasive Bunion Correction System delivers a reproducible 3D correction of the bunion deformity through a cosmetically appealing; and Percuplasty Percutaneous 3D Bunion Correction System that provides 3D correction of the bunion deformity through percutaneous incisions. It also provides Adductoplasty System, a system designed for the correction of metatarsus adductus deformities and osteoarthritis of the midfoot; SpeedMTP Rapid Compression Implant; SpeedPlate Implant Fixation Platform to address the fusion of larger bones of the midfoot and rearfoot; SpeedPlate Micro-Quad implant, an implant designed for stability and fit in small incision surgical approaches; and SpeedAkin Anatomic Compression Implant. In addition, the company offers The IntelliGuide patient specific instrumentation provides patient-specific, 3D-printed cut guides, and a pre-operative plan for a complete picture of the deformity and correction. Further, it provides FastGrafter Autografter Harvesting System; SpeedRelease Guided Release Instrument; TriTome Triple-Edge Release Instrument; RazorTome 7mm Precision Osteotome; LapiTome Hooked Bone Removal Osteotome; GreatRelease Rapid MTP Release Instrument; CornerChisel Release Tool; NanoRasp MIS Bone Contouring Tool; FeatherRasp Rapid Bone Contouring Instrument; and Akinator Single-cut Akin Wedge Osteotomy tool. Additionally, the company offers biologics and wedges, such as Treace Allograft Wedges; and CortiFuse Flowable Cortical Fibers. Treace Medical Concepts, Inc. was founded in 2013 and is headquartered in Ponte Vedra, Florida.
Long Name Treace Medical Concepts, Inc.
Market us_market
Market Cap 125,681,808
Market State CLOSED
Max Age 86,400
Message Board Id finmb_282593338
Most Recent Quarter 1,767,139,200
Net Income To Common -59,002,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 125,033,961
Number Of Analyst Opinions 4
Open 1.89
Operating Cashflow -15,970,000
Operating Margins -0.09472
Overall Risk 7
Payout Ratio 0.0
Phone 904 373 5940
Post Market Change 0.047799945
Post Market Change Percent 2.4639146
Post Market Price 1.9878
Post Market Time 1,776,468,434
Previous Close 1.87
Price Eps Current Year -2.1318681
Price Hint 4
Price To Book 1.4191661
Price To Sales Trailing12 Months 0.59091544
Profit Margins -0.27741
Quick Ratio 2.965
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key hold
Recommendation Mean 2.8
Region US
Regular Market Change 0.0700001
Regular Market Change Percent 3.74332
Regular Market Day High 1.98
Regular Market Day Low 1.86
Regular Market Day Range 1.86 - 1.98
Regular Market Open 1.89
Regular Market Previous Close 1.87
Regular Market Price 1.94
Regular Market Time 1,776,456,000
Regular Market Volume 552,196
Return On Assets -0.16605
Return On Equity -0.58936
Revenue Growth -0.09
Revenue Per Share 3.362
Sand P52 Week Change 0.38150132
Sector Healthcare
Sector Disp Healthcare
Sector Key healthcare
Share Holder Rights Risk 8
Shares Outstanding 64,784,436
Shares Percent Shares Out 0.0681
Shares Short 4,410,141
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 3,670,107
Short Name Treace Medical Concepts, Inc.
Short Percent Of Float 0.0855
Short Ratio 5.11
Source Interval 15
State FL
Symbol TMCI
Target High Price 7.0
Target Low Price 2.0
Target Mean Price 4.25
Target Median Price 4.0
Total Cash 48,367,000
Total Cash Per Share 0.751
Total Debt 71,862,000
Total Revenue 212,690,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.93
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 4.15955
Two Hundred Day Average Change -2.2195501
Two Hundred Day Average Change Percent -0.5336034
Type Disp Equity
Volume 552,196
Website https://www.treace.com
Zip 32,081