The trading price of MediWound Ltd. (NASDAQ:MDWD) closed lower on Tuesday, July 20, closing at $4.40, -2.00% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $4.15 and $4.95. In examining the 52-week price action we see that the stock hit a 52-week high of $6.22 and a 52-week low of $2.90. Over the past month, the stock has lost -8.33% in value.
MediWound Ltd., whose market valuation is $119.86 million at the time of this writing, is expected to release its quarterly earnings report May 05, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.07 per share this quarter, however they have predicted annual earnings per share of -$0.31 for 2021 and -$0.51 for 2022. It means analysts are expecting annual earnings per share growth of 8.80% this year and -64.50% next year.
Analysts have forecast the company to bring in revenue of $5.63 million for the current quarter, with the likely lows of $5.4 million and highs of $5.89 million. The average estimate suggests sales will likely up by 39.80% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $25.42 million. The company’s revenue is forecast to grow by 16.80% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of MediWound Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MDWD has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MDWD a recommendation rating is 6. Out of them, 0 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged MediWound Ltd. (MDWD) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that MDWD’s price is currently -2.87% off the SMA20 and 5.70% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.07, and weekly volatility stands at 11.00%. When measured over the past 30 days, the indicator reaches 10.42%. MediWound Ltd. (NASDAQ:MDWD)’s beta value is currently sitting at 1.56, while the Average True Range indicator is currently displaying 0.47. With analysts defining $6.00-$10.00 as the low and high price targets, we arrive at a consensus price target of $7.17 for the trailing 12-month period. The current price is about -36.36% off the estimated low and -127.27% off the forecast high, based on this estimate. Investors will be thrilled if MDWD’s share price rises to $7.00, which is the median consensus price. At that level, MDWD’s share price would be -59.09% below current price.
To see how MediWound Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: MDWD stock’s performance was -2.00% in the latest trading, and 14.29% in the past year, while Johnson & Johnson (JNJ) has traded 0.94% on the day and positioned 12.60% higher than it was a year ago. Another comparable company Taro Pharmaceutical Industries Ltd. (TARO) saw its stock close -1.00% lower in the most recent trading session but was up 4.55% in a year. Furthermore, Smith & Nephew plc (SNN) showed an increase of 1.96% on the day while its price kept declining at -1.13% over the past year. MediWound Ltd. has a P/E ratio of 0, compared to Johnson & Johnson’s 29.76 and Taro Pharmaceutical Industries Ltd.’s 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of MediWound Ltd. (NASDAQ:MDWD) indicates that the 3-month average is 342.07K. However, this figure has increased over the past 10 days to an average of 0.33 million.
Currently, records show that 27.24 million of the company’s shares remain outstanding. The insiders hold 42.80% of outstanding shares, whereas institutions hold 20.40%. The stats also highlight that short interest as of May 27, 2021, stood at 61450.0 shares, resulting in a short ratio of 0.52 at that time. From this, we can conclude that short interest is 0.23% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 65430.00000000001. However, since the stock’s price has seen 18.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.