Mimedx Group Inc (NASDAQ:MDXG) shares, rose in value, with the stock price up by 20.91% to the previous day’s close as strong demand from buyers drove the stock to $6.88.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.69, falling within a range of $6.22 and $7.2. The PE ratio was 11.71 over 12-month period. Referring to stock’s 52-week performance, its high was $9.27, and the low was $5.47. On the whole, MDXG has fluctuated by 18.62% over the past month.
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With the market capitalization of Mimedx Group Inc currently standing at about $1.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 341.66M, with a low estimate of 82.5M and a high estimate of 90.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 87.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MDXG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0.78, with the price of MDXG currently trading nearly 18.91% and 13.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.41, while the 7-day volatility ratio is showing 3.09% which for the 30-day chart, stands at 2.64%. Furthermore, Mimedx Group Inc (MDXG)’s beta value is 1.96, and its average true range (ATR) is 0.27.
A comparison of Mimedx Group Inc (MDXG) with its peers suggests the former has fared considerably weaker in the market. MDXG showed an intraday change of 20.91% in today’s session so far, and over the past year, it grew by 4.88%%.
Data on historical trading for Mimedx Group Inc (NASDAQ:MDXG) indicates that the trading volumes over the past 10 days have averaged 0.39 and over the past 3 months, they’ve averaged 606.89K. According to company’s latest data on outstanding shares, there are 146.23 million shares outstanding.
Nearly 21.94% of Mimedx Group Inc’s shares belong to company insiders and institutional investors own 46.26% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.03 million shares as on 2024-10-15, resulting in a short ratio of 8.19. According to the data, the short interest in Mimedx Group Inc (MDXG) stood at 343.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 4.67 million. The stock has fallen by -21.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDXG stock heading into the next quarter.
