Mimedx Group Inc (NASDAQ: MDXG) on Tuesday, soared 2.24% from the previous trading day, before settling in for the closing price of $7.13. Within the past 52 weeks, MDXG’s price has moved between $5.47 and $9.27.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -1.19%. The company achieved an average annual earnings per share of -19.46%. With a float of $114.71 million, this company’s outstanding shares have now reached $146.23 million.
Considering the fact that the conglomerate employs 895 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 83.26%, operating margin of 21.81%, and the pretax margin is 20.82%.
Mimedx Group Inc (MDXG) Insider Activity
Observing investor behavior towards Biotechnology industry stocks is more important than anything else. The insider ownership of Mimedx Group Inc is 21.94%, while institutional ownership is 46.38%. The most recent insider transaction that took place on Oct 10 ’24, was worth 165,637. Before that another transaction happened on Mar 13 ’24, when Company’s General Counsel and CAO sold 20,381 for $7.95, making the entire transaction worth $162,029. This insider now owns 479,959 shares in total.
Mimedx Group Inc (MDXG) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.32 earnings per share (EPS) for the period topping the consensus outlook (set at 0.07) by 0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -19.46% per share during the next fiscal year.
Mimedx Group Inc (NASDAQ: MDXG) Trading Performance Indicators
Mimedx Group Inc (MDXG) is currently performing well based on its current performance indicators. A quick ratio of 3.53 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.12. Likewise, its price to free cash flow for the trailing twelve months is 19.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.59, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.31 in one year’s time.
Technical Analysis of Mimedx Group Inc (MDXG)
Compared to the last year’s volume of 0.71 million, its volume of 1.07 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 91.82%. Additionally, its Average True Range was 0.30.
During the past 100 days, Mimedx Group Inc’s (MDXG) raw stochastic average was set at 74.29%, which indicates a significant decrease from 99.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.20% in the past 14 days, which was higher than the 47.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.08, while its 200-day Moving Average is $6.99. Nevertheless, the first resistance level for the watch stands at $7.38 in the near term. At $7.46, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.63. If the price goes on to break the first support level at $7.13, it is likely to go to the next support level at $6.96. Should the price break the second support level, the third support level stands at $6.88.
Mimedx Group Inc (NASDAQ: MDXG) Key Stats
Market capitalization of the company is 1.07 billion based on 146,946K outstanding shares. Right now, sales total 321,480 K and income totals 58,230 K. The company made 84,060 K in profit during its latest quarter, and 8,100 K in sales during its previous quarter.
