MiMedx Group Inc. (NASDAQ:MDXG) does about 523.01K shares in volume on a normal day but saw 293238 shares change hands in Friday trading. The company now has a market cap of 548.77M USD. Its current market price is $4.73, marking an increase of 0.85% compared to the previous close of $4.69. The 52 week high reached by this stock is $5.51 whilst the lowest price level in 52 weeks is $2.43. The script in recent trading has seen the stock touch a high of $4.808 and a low of $4.65.
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MiMedx Group Inc. (MDXG) has a 20-day trading average at $4.19 and the current price is -14.16% off the 52-week high compared with 94.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.52 and its 200-day simple moving average is $3.44. If we look at the stock’s price movements over the week, volatility stands at 5.98%, which decreases to 5.93% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.11 to suggest the stock is overbought.
3 analysts observing the MiMedx Group Inc. (MDXG) stock have set the 12-month price targets for the company’s shares at between $7.00 and $16.00. The consensus objective for the share price is $10.25, suggesting that the stock has a potential upside of 53.85% over the period. The median price target is 47.44% away from the current levels at $9.00.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 13, 2022 when Mizuho initiated the stock to “Buy” and issued a price target of $7. H.C. Wainwright initiated its price target at $20.
The current price level is 14.74%, 35.72%, and 37.56% away from its SMA20, SMA50, and SMA200 respectively, with the MDXG price moving below the 50-day SMA on February 17. MiMedx Group Inc. (MDXG) stock is up 8.24% over the week and 39.94% over the past month. Its price is 70.14% year-to-date and -8.51% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$0.09 below consensus estimates by -$0.01. The company’s next earnings report is expected on 07/10/2023, with forecasts estimating quarterly EPS at -$0.04 and -$0.29 for whole year. MDXG’s earnings per share are forecast to shrink by -93.30% this year and 93.10% over next year. Expected sales for next quarter are $51.6 million, which analysts say will come at $268 million for the current fiscal year and next year at $304.27 million. In addition, estimates put the company’s current quarterly revenue at an average of $74.53 million.
Its 12-month price target is $9.00. To reach the target analysts have set, the stock logically needs to grow 53.85 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $7.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.00.
Outstanding shares total 113.45M with insiders holding 4.15% of the shares and institutional holders owning 64.39% of the company’s common stock. The company has a return on investment of -11.00% and return on equity of 336.50%. The beta has a value of 1.65. Price to sales ratio is 2.10.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 7463.0 shares to end up with 2,568,597 shares worth $9.94 million. SPDR S&P Biotech ETF raise their holdings by 0.32% in the company over the course of the most recent quarter. It now holds a 1.44% position in MiMedx Group Inc. thanks to 1.64 million shares amounting to $6.34 million.
