In the last trading session, 1,294,822 shares of the MiMedx Group, Inc. (NASDAQ:MDXG) were traded, and its beta was 1.69. Most recently the company’s share price was $12.18, and it changed around $0.84 or 0.07% from the last close, which brings the market valuation of the company to $1.26 Billion. MDXG currently trades at a discount to its 52-week high of $12.23, offering almost -0.41% off that amount. The share price’s 52-week low was $3.3, which indicates that the current value has risen by an impressive 72.91% since then. We note from MiMedx Group, Inc.’s average daily trading volume that its 10-day average is 462.38 Million shares, with the 3-month average coming to 560.73 Million.
MiMedx Group, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended MDXG as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. MiMedx Group, Inc. is expected to report earnings per share of -$0.19 for the current quarter.
MiMedx Group, Inc. (NASDAQ:MDXG): Trading Information
Instantly MDXG has showed a green trend with a performance of 7.41% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $12.24 on Tuesday, Apr 06 increased the stock’s daily price by 0.49%. The company’s shares are currently up 0.34% year-to-date, but still up 0.321 over the last five days. On the other hand, MiMedx Group, Inc. (NASDAQ:MDXG) is 0.15% up in the 30-day period. We can see from the shorts that 6.24 Million shares have been sold at a short interest cover period of 0.01 day (s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bears needing to increase their stock price by 47.78% from its current value. Analyst projections state that MDXG is forecast to be at a low of $16 and a high of $20. In order for the stock price to hit the forecast high, the stock would need to surge +64.2% from its current level, while the stock would need to crash 31.36% from its current level to reach the projected low.
MiMedx Group, Inc. (MDXG) projections and forecasts
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -37.8%. MiMedx Group, Inc. earnings are expected to decrease by -221.8% in 2021, but the outlook is positive 15% per year for the next five years.
MiMedx Group, Inc. (NASDAQ:MDXG)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 3.89% of MiMedx Group, Inc. shares, and 44.31% of them are in the hands of institutional investors. The stock currently has a share float of 46.11%. MiMedx Group, Inc. stock is held by 117 institutions, with Essex Woodlands Management Inc. being the largest institutional investor. By Dec 30, 2020, it held 17.51% of the shares, which is about 19.48 Million shares worth $176.88 Million.
Vanguard Group, Inc. (The), with 3.65% or 4.06 Million shares worth $36.86 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 2501200 shares worth $22.71 Million, making up 2.25% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 1.36 Million shares worth around $12.33 Million, which represents about 1.22% of the total shares outstanding.