NASDAQ:MDXG

MiMedx Group - MDXG Stock Forecast, Price & News

$2.78

+0.04 (+1.46%)

(As of 09/26/2022 10:43 AM ET)

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Today's Range: $2.74
▼
$2.80
50-Day Range: $2.74
▼
$4.22
52-Week Range: $2.71
▼
$8.69

Volume: 819 shs
Average Volume: 548,897 shs
Market Capitalization: $315.83 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $8.00

MiMedx Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 187.8% Upside
$8.00 Price Target
Short Interest: Healthy
3.45% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.47
Based on 5 Articles This Week
Insider Trading: Selling Shares
$272,928 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.32) to ($0.17) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Medical Sector

220th out of 1,069 stocks

Surgical & Medical Instruments Industry

25th out of 104 stocks

3.5

Analyst's Opinion

Consensus Rating
MiMedx Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, MiMedx Group has a forecasted upside of 187.8% from its current price of $2.78.
Amount of Analyst Coverage
MiMedx Group has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
3.45% of the float of MiMedx Group has been sold short.
Short Interest Ratio / Days to Cover
MiMedx Group has a short interest ratio ("days to cover") of 5.9.
Change versus previous month
Short interest in MiMedx Group has recently decreased by 5.71%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MiMedx Group does not currently pay a dividend.
Dividend Growth
MiMedx Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MDXG.

3.0

News and Social Media Coverage

News Sentiment
MiMedx Group has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MiMedx Group this week, compared to 1 article on an average week.
Search Interest
9 people have searched for MDXG on MarketBeat in the last 30 days.
MarketBeat Follows
Only 3 people have added MiMedx Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MiMedx Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $272,928.00 in company stock.
Percentage Held by Insiders
19.60% of the stock of MiMedx Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
60.86% of the stock of MiMedx Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for MiMedx Group are expected to grow in the coming year, from ($0.32) to ($0.17) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MiMedx Group is -11.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of MiMedx Group is -11.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About MiMedx Group (NASDAQ:MDXG) Stock

MiMedx Group, Inc. develops and distributes placental tissue allografts for various sectors of healthcare. It processes the human placental tissues utilizing its patented and proprietary PURION process to produce allografts that retains the tissue's inherent biological properties and regulatory proteins. The company's patented and proprietary processing method employs aseptic processing techniques in addition to terminal sterilization. Its products include EpiFix, a semi-permeable protective barrier membrane product used for the treatment of chronic wounds, including diabetic foot ulcers, venous leg ulcers, and pressure ulcers; AmnioFix, a semi-permeable protective barrier allograft, which comprises dehydrated human amnion/chorion membrane for use in surgical recovery applications; EpiCord and AmnioCord are dehydrated human umbilical cord allografts that are used to provide a protective environment for the healing process, as well as used in the advanced wound care and surgical recovery applications; and AMNIOBURN a semi-permeable protective barrier allograft used in the treatment of partial-thickness and full-thickness burns, as well as lead product includes mdHACM, a micronized form of AMNIOFIX, supplied in powder form. The company's products have applications primarily in the areas of wound care, burn, surgical, and non-operative sports medicine sectors of healthcare. It also sells allografts for dental applications on an original equipment manufacturer basis. The company sells its products through direct sales force and independent sales agents, as well as through independent distributors primarily in the United States. MiMedx Group, Inc. is headquartered in Marietta, Georgia.

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MDXG Stock News Headlines

September 23, 2022 | finance.yahoo.com

MDXG: New Product Launches

September 22, 2022 | finance.yahoo.com

Institutions along with individual investors who hold considerable shares inMiMedx Group, Inc. (NASDAQ:MDXG) come under pressure; lose 14% of holdings value

September 20, 2022 | finance.yahoo.com

MIMEDX Announces Launch of AXIOFILL™

September 19, 2022 | finance.yahoo.com

MIMEDX Announces Launch of AMNIOEFFECT™

September 16, 2022 | nasdaq.com

MiMedx Group, Inc. (NASDAQ:MDXG) insiders sold US$1.7m worth of stock suggesting impending weakness.

September 16, 2022 | americanbankingnews.com

Zacks Small Cap Weighs in on MiMedx Group, Inc.'s FY2022 Earnings (NASDAQ:MDXG)

September 12, 2022 | finance.yahoo.com

MIMEDX, public regenerative medicine company, joins the RegenMed Hub’s Innovation Accelerator in Winston-Salem

September 12, 2022 | finance.yahoo.com

MIMEDX EPIFIX® Receives Reimbursement Approval in Japan

September 12, 2022 | finance.yahoo.com

MDXG: New Captain on the Bridge

September 7, 2022 | marketwatch.com

MiMedx Group Ousts CEO Wright; Names Newton as Interim CEO >MDXG

August 26, 2022 | finance.yahoo.com

Regenerative Engineering Society Establishes Award in Honor of MIMEDX Board Member, Dr. Cato T. Laurencin

August 5, 2022 | uk.investing.com

MiMedx Group Misses Q2 EPS by 5c

August 4, 2022 | finance.yahoo.com

MIMEDX to Present at the Canaccord Genuity 42nd Annual Growth Conference

August 4, 2022 | finance.yahoo.com

MDXG: 2Q:22 Financial and Operational Results

August 2, 2022 | finance.yahoo.com

MIMEDX Announces Second Quarter 2022 Operating and Financial Results

August 1, 2022 | nasdaq.com

Investors in MiMedx Group (NASDAQ:MDXG) have unfortunately lost 77% over the last five years

July 27, 2022 | finance.yahoo.com

MIMEDX Announces Formation of Regenerative Medicine Scientific Advisory Board Comprised of Renowned Industry and Academic Experts

July 24, 2022 | finance.yahoo.com

Is MiMedx Group (NASDAQ:MDXG) Using Too Much Debt?

July 20, 2022 | finance.yahoo.com

MIMEDX to Host Second Quarter 2022 Operating and Financial Results Conference Call on August 3

July 18, 2022 | finance.yahoo.com

MIMEDX Welcomes Kate Surdez as Chief Human Resources Officer

June 15, 2022 | finance.yahoo.com

MIMEDX Engages Nordic Bioscience Clinical Development A/S to Propel Registrational Trials of Placental Biologic Injectable for Knee Osteoarthritis

June 14, 2022 | finance.yahoo.com

Prescience Point Capital Management Says MiMedx Shareholders Have Spoken: Voiced Their Desire For Change

June 7, 2022 | finance.yahoo.com

MIMEDX Shareholders Vote to Approve All Proposals at the 2022 Annual Meeting

June 3, 2022 | finance.yahoo.com

MIMEDX Reminds Shareholders to Pre-Register for the Upcoming Virtual 2022 Annual Meeting of Shareholders

June 2, 2022 | finance.yahoo.com

MIMEDX Addresses Presentation by Prescience Point

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MDXG Company Calendar

Last Earnings: 8/02/2022
Today: 9/26/2022
Next Earnings (Estimated): 11/01/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Surgical & medical instruments
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:MDXG
CUSIP: N/A
CIK: 1376339
Web: www.mimedx.com
Phone: (770) 651-9100
Fax: 678-384-6741
Employees: 811
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $8.00
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $8.00
Forecasted Upside/Downside: +187.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.25)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-10,280,000.00
Net Margins: -9.64%
Pretax Margin: -8.26%
Return on Equity: N/A
Return on Assets: -13.89%

Debt

Debt-to-Equity Ratio: 586.91
Current Ratio: 3.53
Quick Ratio: 3.17

Sales & Book Value

Annual Sales: $258.61 million
Price / Sales: 1.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: N/A
Price / Book: N/A

Miscellaneous

Outstanding Shares: 113,609,000
Free Float: 91,342,000
Market Cap: $315.83 million
Optionable: Optionable
Beta: 1.75

Key Executives

Mr. K. Todd Newton (Age 59)
Interim CEO & Director
Comp: $69.5k

Mr. Peter Martin Carlson CPA (Age 58)
Chief Financial Officer
Comp: $787.81k

Mr. William F. Hulse IV (Age 48)
Gen. Counsel & Chief Admin. Officer
Comp: $733.69k

Dr. Rohit Kashyap Ph.D. (Age 51)
Pres of Wound Care & Surgical
Comp: $741.29k

Dr. Robert Benjamin Stein M.D. (Age 71)
Ph.D., Pres of Regenerative Medicine & Biologics Innovation
Comp: $731.25k

Mr. Scott M. Turner (Age 57)
Sr. VP of Operations & Procurement

Mr. William L. Phelan
Sr. VP & Chief Accounting Officer

Mr. John J. Howarth
Sr. VP of Investor Relations

Mr. Mark P. Graves (Age 56)
Sr. VP & Chief Compliance Officer

Hilary Dixon
VP of Investor Relations & Corp. Strategic Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MDXG Stock - Frequently Asked Questions

Should I buy or sell MiMedx Group stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MiMedx Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MDXG shares.
View MDXG analyst ratings or view top-rated stocks.
What is MiMedx Group's stock price forecast for 2022?: 1 brokerages have issued 12-month price targets for MiMedx Group's shares. Their MDXG share price forecasts range from $8.00 to $8.00. On average, they expect the company's share price to reach $8.00 in the next year. This suggests a possible upside of 192.0% from the stock's current price.
View analysts price targets for MDXG or view top-rated stocks among Wall Street analysts.
How have MDXG shares performed in 2022?: MiMedx Group's stock was trading at $6.04 at the start of the year. Since then, MDXG shares have decreased by 54.6% and is now trading at $2.74.
View the best growth stocks for 2022 here.
When is MiMedx Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MDXG earnings forecast.
How were MiMedx Group's earnings last quarter?: MiMedx Group, Inc. (NASDAQ:MDXG) released its quarterly earnings data on Tuesday, August, 2nd. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.05. The business had revenue of $66.88 million for the quarter, compared to analysts' expectations of $65.07 million.

What is MiMedx Group's stock symbol?: MiMedx Group trades on the NASDAQ under the ticker symbol "MDXG."
Who are MiMedx Group's major shareholders?: MiMedx Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include State Street Corp (3.54%), Federated Hermes Inc. (2.31%), Richmond Brothers Inc. (2.24%), Northern Trust Corp (0.85%), Parsons Capital Management Inc. RI (0.57%) and Renaissance Technologies LLC (0.56%). Insiders that own company stock include Mark Graves, Peter M Carlson, Robert Benjamin Stein, Rohit Kashyap, Scott M Turner, Timothy R Wright, William Frank Iv Hulse and William Lawrence Phelan.
View institutional ownership trends.
How do I buy shares of MiMedx Group?: Shares of MDXG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MiMedx Group's stock price today?: One share of MDXG stock can currently be purchased for approximately $2.74.
How much money does MiMedx Group make?: MiMedx Group (NASDAQ:MDXG) has a market capitalization of $311.29 million and generates $258.61 million in revenue each year. The company earns $-10,280,000.00 in net income (profit) each year or ($0.25) on an earnings per share basis.
How many employees does MiMedx Group have?: The company employs 811 workers across the globe.
How can I contact MiMedx Group?: MiMedx Group's mailing address is 1775 W OAK COMMONS COURT NE, MARIETTA GA, 30062. The official website for the company is www.mimedx.com. The company can be reached via phone at (770) 651-9100, via email at investorrelations@mimedx.com, or via fax at 678-384-6741.

This page (NASDAQ:MDXG) was last updated on 9/26/2022 by MarketBeat.com Staff

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MiMedx Group - MDXG Stock Forecast, Price & News

MiMedx Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MiMedx Group (NASDAQ:MDXG) Stock

MDXG Stock News Headlines

MDXG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MDXG Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™