Are Things Looking Up For Mimedx Group Inc (NASDAQ: MDXG)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted MIMEDX to Present at TD Cowen 44th Annual Health Care Conference.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. The current market capitalization of Mimedx Group Inc is $961.30M. A total of 0.6 million shares were traded on the day, compared to an average of 664.96K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MDXG has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 28,195,249 and the disposition of 0 shares. Over the last 12 months, there were 15 BUYs and 20 SELLs from insiders. Insiders purchased 29,104,841 shares during that period but sold 168,773.

In the most recent transaction, Whitlow Ricci S sold 15,271 shares of MDXG for 8.01 per share on Feb 20. After the transaction, the Chief Operating Officer now owns 401,050 company shares. In a previous transaction on Feb 16, Whitlow Ricci S sold 15,493 shares at 8.07 per share. MDXG shares that Chief Operating Officer owns now total 416,321.

Among the insiders who sold shares, Whitlow Ricci S disposed of 15,198 shares on Feb 15 at a per-share price of $8.06. This resulted in the Chief Operating Officer holding 431,814 shares of MDXG after the transaction. In another insider transaction, Whitlow Ricci S sold 15,845 shares at $8.03 per share on Feb 14. Company shares held by the Chief Operating Officer now total 447,012.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MDXG in the last 3 months, the mean price target is $11.85 with high estimates of $13.00 and low estimates of $11.00. In terms of 52-week highs and lows, MDXG has a high of $9.27 and a low of $3.08.

As of this writing, MDXG has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.06. The company reported an EPS of $0 in the last quarter, which was 100.00% higher than expectations of -$0.02.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MDXG’s latest balance sheet shows that the firm has $87.08M in Cash & Short Term Investments as of fiscal 2021. There were $48.13M in debt and $42.36M in liabilities at the time. Its Book Value Per Share was $0.01, while its Total Shareholder’s Equity was $82.00k.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDXG is Buy with a score of 5.00.

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