When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TRXC - TransEnterix: Very Overvalued Robots And Selling Assets
TransEnterix Inc.
With free cash flow of -$39.7 million in the first six months of 2019 and $23 million in cash, TransEnterix (TRXC) is selling assets to obtain some money. As a result, the share price is declining at a fast pace. The market appears to be quite worried about the stock dilution risk. Also, the company reported massive revenue declines in 2019, and it is trading at 14x forward sales, which is expensive. Competitors are trading at less than 14x sales and do report some revenue growth.