Mimedx Group Inc (NASDAQ: MDXG) is 5.25% higher on its value in year-to-date trading and has touched a low of $5.47 and a high of $9.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MDXG stock was last observed hovering at around $7.47 in the last trading session, with the day’s gains setting it 1.76%.
Currently trading at $9.23, the stock is 37.50% and 47.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.28 million and changing 23.56% at the moment leaves the stock 32.20% off its SMA200. MDXG registered 37.97% gain for a year compared to 6-month loss of 16.98%. The firm has a 50-day simple moving average (SMA 50) of $6.2408 and a 200-day simple moving average (SMA200) of $6.98185.
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The stock witnessed a 57.78% gain in the last 1 month and extending the period to 3 months gives it a 47.44%, and is 24.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.40% over the week and 4.82% over the month.
Mimedx Group Inc (MDXG) has around 895 employees, a market worth around $1.36B and $342.81M in sales. Current P/E ratio is 15.77 and Fwd P/E is 29.77. Profit margin for the company is 25.35%. Distance from 52-week low is 68.74% and -0.43% from its 52-week high. The company has generated returns on investments over the last 12 months (43.66%).
The EPS is expected to shrink by -19.46% this year
282.0 institutions hold shares in Mimedx Group Inc (MDXG), with institutional investors hold 70.17% of the company’s shares. The shares outstanding are 146.23M, and float is at 114.71M with Short Float at 3.49%. Institutions hold 68.45% of the Float.
The top institutional shareholder in the company is ESSEX WOODLANDS MANAGEMENT, INC. with over 28.2 million shares valued at $195.39 million. The investor’s holdings represent 19.2584 of the MDXG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.31 million shares valued at $64.54 million to account for 6.3617 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.93 million shares representing 4.7304 and valued at over $47.99 million, while TRIGRAN INVESTMENTS, INC. holds 3.0592 of the shares totaling 4.48 million with a market value of $31.04 million.
Mimedx Group Inc (MDXG) Insider Activity
Mimedx Group Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Hulse William Frank IV (General Counsel and CAO) sold a total of 20,381 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $7.95 per share for $0.16 million. Following the transaction, the insider now directly holds 0.48 million shares of the MDXG stock.
Still, SEC filings show that on Feb 16 ’24, Whitlow Ricci S (Chief Operating Officer) disposed off 15,493 shares at an average price of $8.07 for $0.13 million. The insider now directly holds 416,321 shares of Mimedx Group Inc (MDXG).
