Milestone Scientific Inc. (NYSE:MLSS) traded at $1.95 at last check on Monday, Jun 29, making an upward move of 1.56% on its previous day’s price.
Looking at the stock we see that its previous close was $1.92 and the beta (5Y monthly) reads 1.63 with the day’s price range being $1.9050 – 2.0200. In terms of its 52-week price range, MLSS has a high of $3.05 and a low of $0.37. The company’s stock has gained about 5.98% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $410Million, with a low of $410Million and a high of $410Million. The median projection represents growth adding up to -81.8% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $4.9 Million, or -41.5% down from figures reported last year.
On the other hand, looking at the outlook for the MLSS stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 1 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the Milestone Scientific Inc. (MLSS) stock as a Hold, while 1 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Let’s briefly compare Milestone (MLSS) stock to its peers. We find that today’s price change of +1.56% and +444.69% over the past 12 months for MLSS betters that of Becton Dickinson and Company (BDX), which has seen its stock price fall -0.26% in the latest trading session and is -7.56% over the last one year. Another of its peers Mckesson Corp (MCK) has climbed 2.4% today, and is +12.93% up over the past year, while Align Technology (ALGN) is also up 1.56% yet its price remains in the green at 444.69% over the same period. Becton has a P/E ratio of 75.05 compared to Milestone’s 0 and Mckesson’s 30.25. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Milestone Scientific Inc. (NYSE:MLSS), we note that the average 3-month trading volume was 559.94 Million, while that of the preceding 10-day period stands at 1.94 Million. Current shares outstanding are 55.47 Million.
According to data from Thomson Reuters, insiders hold 31.97% of the company’s shares while institutions hold 3.72%. The data shows that short shares as of June 14, 2020, stood at 1.1 Million at a short ratio of 3.07. This represents a 1.99% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 1.43 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +40.29% up in year-to-date price movement.